Peacock Nottingham

11 Mansfield Rd, Nottingham, NG1 3FB

  • Peacock Hotel Nottingham
  • Peacock Hotel Nottingham
  • Peacock Hotel Nottingham
  • Peacock Hotel Nottingham
  • Peacock Hotel Nottingham

Peacock Nottingham

City Centre Pub with Investment Planned

Located on Mansfield Road in Nottingham, The Peacock is a well-known pub with a rich history. Due to its excellent location opposite the Victoria Shopping Centre there is lots of passing footfall in the area. This is increasing all the time thanks to recent investment in the shopping centre, which is bringing more and more people to the area.

With its stylish new decor, quirky new gin bar, upgraded outdoor space and excellent new food offer, The Peacock will become the place to be in the local area. By retaining some of its existing quirky features and adding new eclectic finishes, The Peacock will have a very individual look and feel that customers will love. This is a pub with incredible potential, all we're missing is the right person to take it forward. Could that be you?

The Peacock will be full of surprises, with a gin bar hideaway added to the first floor, a new library-style room introduced, as well as a secret garden outdoor space to the rear. With all these changes, as well as a fantastic location and outdoor space on both the ground and first floor, The Peacock has the potential to become the best bar in the surrounding area.

Fantastic Potential

With its stylish new decor, quirky new gin bar, upgraded outdoor space, and excellent new food offer, The Peacock will become the place to be in the local area. By retaining some of its existing quirky features and adding new eclectic finishes, The Peacock will have a very individual look and feel that customers will love. This is a pub with incredible potential, all we're missing is the right person to take it forward. Could that be you? If so, click apply now!

Star Pubs & Bars will also be hosting an open day at the Peacock, which will be a great opportunity to speak with our representatives about the pub and its plans. Further details of the event will be announced shortly.



Pub Features

  • Rolling Tenancy
  • Refurbishment Planned
  • Weekly Billing
  • Monthly Billing

Trading Area & Facilities

The existing bar servery will be refurbished to improve bottle display and service flow, and be consistent with the new look and feel. The dining area will be redecorated, breathing new life into this excellent space as will the bar area, kitchen and toilets on both floors. On the first floor, there will be the introduction of a new gin bar hideaway. This space will be used for meetings, private functions and extra dining space. The other smaller space leading to the first-floor decking area will be transformed into a quiet, library-style hideaway for customers to lounge in.

The external area on the first floor will offer fantastic views over the city and will be transformed into a relaxing space for customers. Works will include:
  • Introducing a new timber bench with loose removable cushions.
  • Adding new cafe-style furniture and a new awning.
  • Applying jet washing and a non-slip finish to the decking.
  • Adding festoon lighting on the timber posts.
  • Maintaining the area with a general de-weeding and tidy.

Private Accommodation

The private accommodation consists of 3 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

For full licensing details, please refer to the premises license.

Premises Licence Opening Hours

Mon Tue Wed Thu Fri Sat Sun
10:00 - 01:00 10:00 - 01:00 10:00 - 01:00 10:00 - 01:00 10:00 - 01:00 10:00 - 01:00 12:00 - 00:00

Financials

Annual Rent £
45,000
Estimated Annual FMOP (Licensee Profit) £
44,889
Representative HEINEKEN UK Brand Discount Per Barrel £
140
Estimated Annual Turnover £
487,526
Estimated Annual Barrelage
240

“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

*** FMOP = Fair Maintainable Operating Profit

Investment

Ingoing Costs
Estimated Licensee Fixtures & Fittings Value £
37,350
Estimated Fixtures & Fittings Valuation Fee £
250
Estimated Stock Valuation £
8,000
Deposit Amount £
11,250
Rent In Advance £
865
Training Fee £
1,000
Estimated Designated Premises Supervisor / Manager Fee £
55
Premises Licence Fee £
50
Rates Assessment Fee £
55
Estimated Legal Fees £
650
Estimated Total Ingoing Costs £
59,660
Estimated Minimum Ingoing Costs £
22,310

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) £
4,908

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