Dog & Quayle Underwood
Mansfield Rd, Underwood, NG16 5FFAgreement Type: Foundation Tenancy
View details for Dog & Quayle Underwood
Shepherds Rest Nottingham
Lower Bagthorpe, Nottingham, NG16 5HF
Pub Code: 0050374101
Key Features
- 17th Century Coaching Inn
- Large Beer Garden
- Beautiful Countryside Setting
- Quality Pub Food
- Cask Ales
Est Min Ingoing Costs: £20,303
Annual Rent: £21,642
More Information
Charming 17th Century Inn
The Shepherds Rest sits within the idyllic village of Lower Bagthorpe near Nottingham. This country pub offers its guests a charming traditional setting. The pub has a reputation for quality, locally sourced food. Demographics of the area are good, with over 4,500 adults living within a mile radius of the pub.
Experienced Operator Wanted!
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 similar hospitality business. They will have a clear vision for the pub 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
The pub maintains has historic charm including beamed ceilings, fireplaces and tiled flooring. The Shepherd's Rest is a two-room operation. One is dedicated to locals stopping by for a casual drink while the other room is for dining.
There is a large beer garden to the front of the pub with space for a child's play area and seating.
Private Accommodation
Private accommodation consists of bedrooms, living room, bathroom and kitchen.
| Annual Rent | £ 21,642 |
| Estimated Annual Turnover | £ 382,574 |
| Deposit | £ 5,410 |
| Estimated Fixtures & Fittings Value | £ 30,000 |
| Estimated Stock Valuation | £ 15,000 |
| Estimated Working Capital | £ 3,500 |
| Estimated Total Ingoing Costs | £ 53,910 |
| Estimated Minimum Ingoing Costs | £ 20,303 |
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:
Lower Bagthorpe, Nottingham, NG16 5HF
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Freephone:
08085 94 95 96
Email us at
enquiries@starpubs.co.uk
Or visit
www.starpubs.co.uk
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