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Pear Tree Keyworth

Nottingham Road, Keyworth, Nottingham, NG12 5GW

Pub Code: 0050042101

Key Features

  • Great Demographics
  • Food Opportunity
  • Extensive Outdoor Trade Area
  • Private Accommodation

Est Min Ingoing Costs: £10,992

Annual Rent: £19,888

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More Information

The Pear Tree is located in the residential suburb of Keyworth, South East of Nottingham.  

The pub is a one-room, one bar operation benefiting from a mix of informal and formal dining areas. It has a great patio area which can seat around thirty people which is accessed from bifold doors within the pub.

Currently, the pub is predominantly wet-led but there is an opportunity to introduce a food offering into the pub. 

The Pear Tree would suit an operator who has a proven track record in operating successful premium locals and introducing and delivering a food offer.

  • Catering Kitchen

  • Foundation Tenancy

  • Car Park

  • Outdoor Trade

  • Private Accommodation

  • Monthly Billing

  • Weekly Billing

Trading Area & Facilities

Internally the pub is a one room, one bar operation benefiting from a mix of informal and formal dining areas.
 
Externally the pub has a great beer garden that helps drive trade in the summer months. The Pear Tree has a substantial car park with room for around 30 cars allowing for families or those coming from further afield.

Private Accommodation

The private accommodation consists of three bedrooms, lounge, kitchen & bathroom and an office. In line with our Ready to Trade Promise, we will ensure the private accommodation is in good condition, so that you can focus on your business.

Premises Licence Details

Please refer to the Premises Licence for full details

Premises Licence Opening Hours

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

Annual Rent £
19,888
Estimated Tenants Annual Operating Profit £
22,388
Representative HEINEKEN UK Brand Discount Per Barrel £
150
Estimated Annual Turnover £
330,240
Estimated Annual Barrelage
185
* 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

Ingoing Costs
Estimated Licensee Fixtures and Fittings Value £
12,000
Estimated Fixtures and Fittings Valuation Fee £
250
Estimated Stock Valuation £
6,000
Deposit Amount £
4,972
Rent in Advance £
382
Training Fee £
425
Estimated Designated Premises Supervisor / Manager Fee £
50
Premises Licence Fee £
180
Rates Assessment Fee £
55
Estimated Legal Fees £
650
Estimated Total Ingoing Costs £
24,964
Estimated Minimum Ingoing Costs £
10,992
In order to ensure a successful start-up, all applicants must have a minimum £10,000 un-borrowed funds.
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 are not included in the rent model or ongoing costs below.
Note that on FRI 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.
Other SP&B Ongoing Charges
Estimated Annual Building Insurance £
1,159
Estimated Annual Maintenance Compliance Charge £
1,565
Estimated Annual Accountancy & Stocktaking Charge (including tills) £
6108
Estimated Annual Repairs Fund £
1300
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
** 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

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