Needlemakers Arms Ilkeston

Kensington Street, Ilkeston DE7 5NY

  • Needlemakers Arms Ilkeston
  • Needlemakers Arms Ilkeston
  • Needlemakers Arms Ilkeston
  • Needlemakers Arms Ilkeston
  • Needlemakers Arms Ilkeston
  • Needlemakers Arms Ilkeston
  • Needlemakers Arms Ilkeston
  • Needlemakers Arms Ilkeston

Needlemakers Arms Ilkeston

Traditional Community Pub

Positioned in a close-knit residential area, The Needlemakers Arms is a brilliant local pub. It's situated in densely populated area that is close to the local shops meaning the site benefits from passing trade. Within half a mile, there are over 8,500 adults that mostly consist of aspiring homemakers looking for a friendly, familiar and traditional community local pub.

The Needlemakers Arms currently has a strong drinks trade. There is, however, potential for growth with a food offer. A quality, value food offer will increase footfall. The pub also benefits from other revenue streams that includes pub machines and live music.

Experienced Community Pub Owner Needed

We are on the lookout for people that know how to build a great pub that is the heart of the local community. If you have an entrepreneurial spirt and experience in embracing the locals, building a welcoming atmosphere, then we want to hear from you. Having a previous history of driving trade through live sports, weekend entertainment and events would be ideal.

Pub Features

  • Business Start-Up Agreement
  • Music Venue
  • Car Parking
  • Live Sports
  • Outdoor Trade
  • Private Accommodation
  • Smoking Area
  • Pub Games
  • Weekly Billing
  • Monthly Billing

Trading Area & Facilities

Inside the Needlemakers Arms, there are multiple seating and lounge areas that surround the main bar. The aesthetic of the pub is mostly traditional with exposed beam ceilings.

To the rear of the pub, there a large beer garden. At the front of the pub there is a car park which has plenty of room for hosting events for the local community.

Private Accommodation

The private accommodation consists of bedrooms, kitchen & bathroom and a lounge and where required there will be appropriate works carried out in line with the Star Pubs & Bars Ready to Trade Promise.

Premises Licence Details

Premises Licence Opening Hours

Mon Tue Wed Thu Fri Sat Sun
- - - - - - -

Financials

Annual Rent £
10,500
Estimated Annual FMOP (Licensee Profit) £
15,038
Representative HEINEKEN UK Brand Discount Per Barrel £
200
Estimated Annual Turnover £
175,679
Estimated Annual Barrelage
151

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 £
10,000
Estimated Fixtures & Fittings Valuation Fee £
250
Estimated Stock Valuation £
2,000
Deposit Amount £
3,000
Rent In Advance £
202
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 £
17,387
Estimated Minimum Ingoing Costs £
8,060

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 £
0
Estimated Annual Maintenance Compliance Charge £
0
Estimated Annual Accountancy & Stocktaking Charge (including tills) £
5,950

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