Bridge Inn Nottingham
Longmoor Lane, Nottingham, NG10 5LWAgreement Type:
Just Add Talent
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The Bootmaker (Crafty Teller), Nottingham
The Bootmaker (Crafty Teller), Nottingham
532/534, Mansfield Road, Nottingham, NG5 2FR Pub Code: 0091842101
Pub Code: 0091842101
Investment TenancyEst. Annual Turnover: £268,823
Annual Rent: £18,780
About the area
The Bootmaker is located in Sherwood, a thriving residential suburb just 1.5 to 2 miles north of Nottingham city centre, positioned along the busy Mansfield Road (A60). This well-connected high street location benefits from strong local footfall and a steady flow of passing trade. The area already supports a number of pubs with varying offers, creating a competitive but active hospitality scene.
The pub has historically been a wet-led, value-driven site with a reliance on weekend trade and limited daytime use. Following refurbishment, the offer will be repositioned to appeal to a broader and more diverse audience, including families, casual diners and After-Work Socialisers, creating a more balanced and sustainable trading pattern.
Demographics
The pub benefits from being one of several pubs in an area of around 5,805 adults within a 10-minute walk and 24,213 within a 20-minute walk. The customer base is currently drinks-focused with limited daytime engagement, presenting a strong opportunity to attract new audiences through an improved food and drink offer and enhanced overall experience.
The offer
Available on our investment tenancy agreement. Click here for more information on this agreement. Please refer to the 'Refurbishment Details' section for details of the investment being made.
Who we're looking for
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 community-led, wet-led pubs with a developing food offer. They will have a clear vision for a traditional yet quality-led food and drink menu, strong community engagement, and a consistent entertainment schedule including live sport and events, 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 refurbishment will cover both the interior and exterior of the pub. A pub floor plan can be found in the Downloads section.
The pub's trading area and facilities post refurbishment will be:
- Main trading area with bar
- Catering kitchen
- 78 internal covers
- Small patio area
- HEINEKEN SmartDispense system
- Refurbished private accommodation with three bedrooms
Applicants should be aware that all refurbishments are subject to final board approval which will be determined as part of the leasing process.
Where a significant investment is made in a pub by Star Pubs, an "Investment Exemption" will be required. The exemption means that the option of a Market Rent Option lease won't be available at rent review for a period of up to seven years for this site, as per The Pub Code (2016).
Private Accommodation
Private accommodation consists of three bedrooms, a living room, kitchen and bathroom.
With our 5 Star Promise, the rent at the start of your agreement is fixed until the end of its initial term.
Indicative entry costs range from**:
£12,065 - £39,195
Annual
Estimated Annual Turnover
£268,823
Annual Rent
£18,780
Entry Costs
Deposit
£4,695
Estimated Fixtures & Fittings Value
£24,000
Stock Valuation
£7,000
Working Capital Required
£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.
What we're planning & why
Crafty Teller will undergo a full internal and external refurbishment, with an investment of approximately £197,535 to reposition the pub as a welcoming, traditional community venue with a refreshed look and enhanced facilities.
What's happening?
The refurbishment will significantly enhance both the look and functionality of the pub. Externally, new signage, decoration and lighting will improve kerb appeal and clearly signal a step change in the offer. Internally, a full décor refresh will create a more premium yet traditional environment, bringing the pub back to its roots as a proper community local.
A key addition will be the introduction of a kitchen, enabling a mainstream traditional pub food offer that supports all-day trading and attracts new customer groups. Investment in the internal layout and finishes will ensure the space is comfortable, modern and suited to both casual dining and drinks occasions.
Enhancements to the sports and entertainment offer will allow the pub to better cater to live sport audiences and community activities such as quizzes, live music and darts, ensuring it competes effectively within the local market. In addition, the pub will benefit from free of tie cask ale lines, giving flexibility to curate a compelling local and regional ale offer that can help differentiate the pub from competitors.
Why invest?
This refurbishment is designed to reposition Crafty Teller as a high-quality community pub that meets modern customer expectations while retaining its traditional appeal. By introducing food, improving the internal environment and strengthening its kerb appeal, the pub is expected to significantly increase its weekly turnover to around £5,100, with an uplift of approximately £3,500 to £4,000 per week.
To explore some of our recent successful pub investment projects, please see our Investment Showcase page.
Location:
532/534, Mansfield Road, Nottingham, NG5 2FR
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To 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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