Nags Head Nottingham

140 Mansfield Road, Nottingham, Nottingham NG1 3HW

  • Nags Head Nottingham
  • Nags Head Nottingham
  • Nags Head Nottingham
  • Nags Head Nottingham
  • Nags Head Nottingham
  • Nags Head Nottingham
  • Nags Head Nottingham
  • Nags Head Nottingham
  • Nags Head Nottingham
  • Nags Head Nottingham

Nags Head Nottingham

High Street Pub

Located in a prime position on the main Mansfield Road that runs through Nottingham City Centre, The Nags Head has huge potential to pull in students and sports fans looking for a great place to meet with friends and enjoy a great range of real ales.

With the added advantage of a function room and external drinking area, the Nags Head represents a perfect city centre pub opportunity for someone with the desire to market it to these key audiences, and to also promote its suitability for hosting events, celebrations and even business meetings.

Community Spirited Operator Needed

This high street pub opportunity would suit anyone from a first-time operator to an experienced publican. A love for sports and the student-dominated trappings of the local area would be a distinct advantage, as would a desire to continue to build on the pubs reputation for serving a good selection of cask ales and to promote and host a varied range of regular weekly events.

Pub Features

  • Business Start-Up Agreement
  • Function Room
  • Music Venue
  • Catering Kitchen
  • Live Sports
  • Outdoor Trade
  • Smoking Area
  • Weekly Billing
  • Monthly Billing

Trading Area & Facilities

Internally, the Nags Head is split into public and lounge bar areas, and there s a small kitchen that can cater for about 20 covers at full capacity. It also has the added advantage of a large function room, which can be used for events, celebrations, parties and even business meetings.

Outside, there is an external drinking area marketed as a 'secret garden' which draws in trade.

Private Accommodation

The private accommodation at the Nags Head consists of three bedrooms, lounge and a kitchen. In line with our "Ready To Trade Promise", should any works be required, we will ensure your private accommodation is in good order so that you can focus your energy on getting business right.

Premises Licence Details

Please refer to the Premises Licence for further details.

Premises Licence Opening Hours

Mon Tue Wed Thu Fri Sat Sun
10:30 - 01:30 10:30 - 01:30 10:30 - 01:30 10:30 - 01:30 10:30 - 01:30 10:30 - 01:30 10:30 - 01:30

Financials

Annual Rent £
14,500
Estimated Annual FMOP (Licensee Profit) £
16,133
Representative HEINEKEN UK Brand Discount Per Barrel £
160
Estimated Annual Turnover £
209,846
Estimated Annual Barrelage
173

The above figures are provided as a guide only and will be finalised as part of the commercial agreement (please download the rent model from Trading Information section for full financial details).

Historical volume figures may not include purchases made through 3rd Parties.

** All figures quoted are exclusive of VAT

*** FMOP = Fair Maintainable Operating Profit

Investment

Ingoing Costs
Estimated Licensee Fixtures & Fittings Value £
2,500
Estimated Fixtures & Fittings Valuation Fee £
250
Estimated Stock Valuation £
4,000
Deposit Amount £
3,000
Rent In Advance £
279
Training Fee £
1,000
Estimated Designated Premises Supervisor / Manager Fee £
50
Premises Licence Fee £
180
Rates Assessment Fee £
55
Estimated Legal Fees £
650
Estimated Total Ingoing Costs £
11,964
Estimated Minimum Ingoing Costs £
10,393

In order to ensure a successful start-up, all applicants must have a minimum £10,000 un-borrowed funds.

The Estimated Licensee Fixtures & Fittings (F&F) Value assumes that the pub will be let on a Rolling Tenancy or Business Start-Up Agreement, where we own the majority of the F&F. The F&F Value for Full Repairing & Insuring Leases will be significantly more.

The calculation of the Estimated Minimum Ingoing Costs assumes a minimum deposit of 1 month's rent or £3,000 (whichever is greater) and that fixtures and fittings (F&F) are rented. The subsequent deposit build up and F&F rental costs are not included in the rent model or ongoing costs below.

Other SP&B Ongoing Charges
Estimated Annual Buildings Insurance £
TBC
Estimated Annual Maintenance Compliance Charge £
TBC
Estimated Annual Accountancy & Stocktaking Charge (including tills) £

The above figures are provided as a guide only and will be finalised as part of the commercial agreement (please download the rent model from Trading Information section for full financial details)

* All figures quoted are exclusive of VAT

** Deposit build up will be payable over a maximum of 24 months

*** Fixtures and Fittings annual rental fee should be estimated at 15% of the F&F value. The actual F&F value will be determined on the day of entry

**** Maintenance Compliance Charge relates to the fees for various statutory inspections

***** Estimated Legal Fees is a charge applied to your account by SP&B for creation of your Lease. You are required to engage and pay for your own solicitor - your solicitor's fees are not included in the above estimate

****** The above figures assume that rent is billed weekly in advance and that Star Pubs & Bars retain ownership of large fixtures and fittings. Initial costs for a Fully Repairing and Insuring lease will be higher as rent is invoiced monthly in advance and all fixtures and fittings must be purchased