Lion Shirley
171 Stratford Road, Solihull, B90 3AXAgreement Type:
Just Add Talent
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Salutation Keyworth
Salutation Keyworth
Main Street, Nottingham, NG12 5AD Pub Code: 2303323101
Pub Code: 2303323101
Foundation TenancyEst Min Ingoing Costs: £20,306
Annual Rent: £57,676
Stunning village pub in an affluent village location.
The Salutation has been refurbished to a high standard, where modern design meets traditional charm. Well known for great food and drinks, whether you’re in the main pub or lovely garden you’re sure to have a great experience.
What would you do with this pub to make it even more of a success?
The area:
The Salutation is in the lovely village of Keyworth, located about six miles southeast of Nottingham. The pub itself is located at the south end of the village, surrounded by rural housing.
With a population of over 7300, Keyworth is a large affluent satellite village for Nottingham commuters and close to other Nottingham satellite suburbs of Ruddington and Cotgrave. Competition in the village is limited, with just two other pubs, each offering something different from the Salutation.
Demographics:
Situated in a thriving community with approximately 2,000 adults within a 10-minute walk time of the pub. The Salutation is one of only three pubs in the area, offering a unique business opportunity. With an affluent customer base and a well-balanced mix of ages, primarily in the 45–64 bracket. The pub benefits from a loyal customer base and strong local demand.
The Offer:
Available on our foundation tenancy agreement. Click here for more information on this agreement. The potential of this pub lies in maintaining a strong 40:60 food & drinks offer. What food & drinks would you look to implement in the pub?
It offers a great selection of cask ales, popular beers, ciders, wines and spirits, with great food and Sunday lunches.
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 destination food outlet hospitality business. They will have a clear vision for their food & drinks menu, marketing strategy and entertainment offer and can create a memorable experience for their customers.
Trading Area & Facilities
- Main trading area with bar & two snug areas
- Dining room near to the bar with Bi fold doors onto the garden area.
- 90 internal covers
- 100 external covers
- Medium sized kitchen
- Outside storage area
- HEINEKEN SmartDispense
- Large patioed garden
- Car park with 40 spaces
Private Accommodation
Private accommodation consists of 3 bedrooms, a living room, bathroom and kitchen.
Estimated Total Ingoing Costs
£61,919
Estimated Minimum Ingoing Costs
£20,306
Annual Rent
£57,676
Estimated Annual Turnover
£774,194
Deposit
£14,419
Estimated Fixtures & Fittings Value
£33,000
Estimated Stock Valuation
£12,000
Estimated Working Capital
£3,500
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:
Main Street, Nottingham, NG12 5AD
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Freephone:
08085 94 95 96
Email us at
enquiries@starpubs.co.uk
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www.starpubs.co.uk
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