Crafty Teller Nottingham
532/534 Mansfield Road, Nottingham, NG5 2FRAgreement Type: Foundation Tenancy
View details for Crafty Teller NottinghamNew Deal
Park Tavern Basford
98, Arnold Rd, Basford, Nottingham, NG6 0DZ
Pub Code: 0050111101
Key Features
- Established Community Local
- Fantastic Outdoor Trading Areas
- Live Sports & Entertainment Package
- Higher discounts on beer and cider
- Large Car Park
- 3-bedroomed private accommodation
Est Min Ingoing Costs: £8,788
Annual Rent: £15,458
More Information
Lively community local with heaps of potential
What would you do with this pub to make it even more of a success?
The area
The Park Tavern is located in the town of Basford just North of Nottingham. It has a strong passing trade due to its location on a busy main road featuring a broad mix of local businesses and within close proximity to a large housing estate.
The pub benefits from being one of 3 pubs found in an area of around 5,500 adults. The broad customer base is made up of young families and singles. The Park tavern has something to offer everyone in a family-friendly environment with lots of successful pool and darts teams.
The offer
Available on our foundation tenancy agreement. Click here for more information on this agreement. The potential of this pub lies in developing a strong 100% wet-led offer. What drinks would you look to implement in the pub?
The site currently has the ability to drive trade via strong live sports, live entertainment and selection of pub games, such as pool, and darts. It offers a selection of popular beers, ciders, wines and spirits.
We’re always open to new ideas, what would you do to drive trade?
If you’ve benefited from running or owning a pub business, we’d love to hear what experience you can bring.
The right operator for the pub will have extensive experience in a community led hospitality business. They will have a clear vision for their drinks menu, sports offer, entertainment offer, marketing strategy and can create a memorable experience for their customers.
If this sounds like the incredible pub opportunity you’ve been waiting for, apply today and tell us what you can bring to this pub’s next chapter…
Trading Area & Facilities
- 3 Main trading areas with the larger two sharing a central bar
- Sports bar with gaming machines, pool table and darts
- 100 internal covers
- 60 external covers
- Small function room
- Smart Dispense
- Large beer garden with sheltered booths for all year-round trading
- Car park with 30 spaces
Private Accommodation
Private accommodation consists of 3 bedrooms, a living room, kitchen and bathroom.
| Annual Rent | £ 15,458 |
| Estimated Annual Turnover | £ 253,228 |
| Deposit | £ 3,865 |
| Estimated Fixtures & Fittings Value | £ 8,500 |
| Estimated Stock Valuation | £ 4,000 |
| Estimated Working Capital | £ 3,500 |
| Estimated Total Ingoing Costs | £ 19,865 |
| Estimated Minimum Ingoing Costs | £ 8,788 |
The above figures are provided as a guide only and will be finalised as part of the commercial agreement. All figures quoted are exclusive of VAT.
Estimated Working Capital is an estimate of key start-up costs such as professional fees, training fee, premises license fee, F&F valuation fee & till floats. There will be additional ongoing charges payable during the term of the agreement such as property maintenance, repairs fund, SmartDispense. These costs will be outlined prior to completing a business plan and finalised at Heads of Terms.
The calculation of the Estimated Minimum Ingoing Costs assumes a minimum deposit of 1 month's rent and that fixtures and fittings (F&F) are rented. The subsequent deposit build up and F&F rental costs should be included in your financial assumptions in your business plan. Note that on FRI and Investment Tenancy Agreements deposits will always be 3 month's rent in advance and fixtures and fittings (F&F) must always be purchased. A deposit of 6 month's rent will be required for operators trading under a Limited Company with no Guarantors. In order to ensure a successful start-up, all applicants must have a minimum £10,000 un-borrowed funds.
Estimated Working Capital is an estimate of key start-up costs such as professional fees, training fee, premises license fee, F&F valuation fee & till floats. There will be additional ongoing charges payable during the term of the agreement such as property maintenance, repairs fund, SmartDispense. These costs will be outlined prior to completing a business plan and finalised at Heads of Terms.
The calculation of the Estimated Minimum Ingoing Costs assumes a minimum deposit of 1 month's rent and that fixtures and fittings (F&F) are rented. The subsequent deposit build up and F&F rental costs should be included in your financial assumptions in your business plan. Note that on FRI and Investment Tenancy Agreements deposits will always be 3 month's rent in advance and fixtures and fittings (F&F) must always be purchased. A deposit of 6 month's rent will be required for operators trading under a Limited Company with no Guarantors. In order to ensure a successful start-up, all applicants must have a minimum £10,000 un-borrowed funds.
Location:
98, Arnold Rd, Basford, Nottingham, NG6 0DZ
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View details for Longbow ArnoldTo apply for this pub or for additional information, please contact us directly
Freephone:
08085 94 95 96
Email us at
enquiries@starpubs.co.uk
Or visit
www.starpubs.co.uk
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