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Wheel Derby

50, Main Street, Ticknall, DE73 7JZ

Pub Code: 2303310101

Key Features

  • Refurbishment Planned
  • Fantastic Location
  • Great Food Opportunity
  • Outdoor Trading
  • Car Park
  • Private Accommodation

Est Min Ingoing Costs: £51,793

Annual Rent: £34,021

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More Information

This is a fantastic opportunity to give an affluent area the premium food pub it’s crying out for.

Located in the desirable (and highly affluent) village of Ticknall, The Wheel Inn is also close to other many other affluent villages of South Derbyshire and Leicestershire. The area is crying out for a great quality destination food offer. While the village is small, the surrounding areas mean over 200k adults are within a 20-minute drive, giving the Wheel the potential to be a proper drive-to destination. It also sits just next to the entrance of the wonderful National Trust-owned Calke Abbey, which attracts around 300,000 visitors per year. Popular with walkers and tourists, it offers a great opportunity to develop the pub’s daytime offer to attract these visitors.

This is a fabulous village coaching inn downstairs with a more modern dining room/lounge upstairs serving a premium range of drinks alongside a food offering that offers a small but frequently changing menu with the highest quality local ingredients. The local area is lacking a premium pub with a great food offer, which is where we see the opportunity for this site. The two-level operation means that the downstairs can operate as a traditional walker- and dog-friendly ‘locals bar’, while the upstairs lounge caters for those wanting to dine in a more modern, upmarket environment. The drinks range will include cask ales, a great selection of gins and other spirits as well as the opportunity to trade to more premium drinks from the core range of draught products.

The pub will appeal to a wide cross-section of people. Daytime trade will need to focus on those looking for a trip out for lunch, such as older groups looking to meet up with friends or visitors to Calke Abbey and its grounds looking for a coffee and a light lunch. Evening and weekend trade is likely to be village locals of all ages looking for a drink in quality surroundings or the over-30s travelling for high-quality food.

Experienced Publican Wanted

The perfect operator for The Wheel will know the area well and have prior experience running a food led business. They will take pride in their customer service skills as this is of paramount importance to ensure that customers in both trading areas feel part of the overall pub experience. Apply now to find out more about the investment.

  • Catering Kitchen

  • Investment Tenancy

  • Car Park

  • Outdoor Trade

  • Private Accommodation

  • Refurbishment Planned

  • Monthly Billing

  • Weekly Billing

Trading Area & Facilities

The Wheel operates over two floors, with a village coaching inn downstairs and a more modern dining room/lounge upstairs. Both areas will be redecorated and the lounge/dining area will have a Mixture of new traditional and colourful loose furniture. The kitchen works will include new kitchen equipment.

The outside will be repainted and have new signage and downlighters. The outside trading areas will have the existing decking and balustrades redecorated & repainted and new timber posts installed with festoon lighting. There is a car park for easy access.

Please 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 & Bars, an "Investment Exemption" will be required. This 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. This applies to all pubs in England & Wales as per The Pub Code (2016).

Private Accommodation

The private accommodation consists of 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 see the premises license.

Premises Licence Opening Hours

Mon Tue Wed Thu Fri Sat Sun
10:00 -
23:30
10:00 -
23:30
10:00 -
23:30
10:00 -
23:30
10:00 -
00:00
10:00 -
00:00
10:00 -
23:30

Annual Rent £
34,021
Estimated Tenants Annual Operating Profit £
34,020
Representative HEINEKEN UK Brand Discount Per Barrel £
150
Estimated Annual Turnover £
436,886
Estimated Annual Barrelage
146
* 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 £
35,909
Estimated Fixtures and Fittings Valuation Fee £
250
Estimated Stock Valuation £
5,000
Deposit Amount £
8,505
Rent in Advance £
654
Training Fee £
425
Estimated Designated Premises Supervisor / Manager Fee £
50
Premises Licence Fee £
295
Rates Assessment Fee £
55
Estimated Legal Fees £
650
Estimated Total Ingoing Costs £
51,793
Estimated Minimum Ingoing Costs £
51,793
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 £
4,598
Estimated Annual Maintenance Compliance Charge £
1,862
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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