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Run a Star Pub
4 months ago
Calling all Romantics, Characterful Pub in Byron County
What would you do with this pub to make it even more of a success?
The area
The Horse and Groom is located in the village of Linby, close to Hucknall and Nottingham. The pub is surrounded by rural housing.
Demographics
The pub benefits from being one of the pubs found in an area of around 553 adults within a 10-minute walk time. The Horse and Groom customer base is made up of 77% employed adults and 12% retired.
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 food & drinksoffer. What food & drinks would you look to implement in the pub?
The site currently has the ability to drive trade via live entertainment. It offers a selection of cask ales, a pub classic menu, and popular beers, ciders, wines and spirits.
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 similar hospitality business. They will have a clear vision for their food & drinks menu, marketing strategy 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...
Features
- Foundation Tenancy
- Catering Kitchen
- Function Room
- Cask Ale
- Outdoor Trade
- Car Park
- Private Accommodation
Trading Area & Facilities
- Main trading area with bar
- Separate dining room
- 86 internal covers
- 100 plus external cover
- Medium sized catering kitchen
- Function room
- SmartDispense
- Substantial rear garden the size of a couple of football pitches. Perfect for Car Shows etc
- Car park with 30 spaces
Private Accommodation
Private accommodation consists of 3 bedrooms, a living room, kitchen, bathroom and office.
Pub Financials
Annual Rent £
49,970
Estimated Annual Turnover £
771,780
Deposit £
12,492
Estimated Fixtures & Fittings Value £
20,000
Estimated Stock Valuation £
15,000
Estimated Working Capital £
3,500
Estimated Total Ingoing Costs £
50,992
Estimated Minimum Ingoing Costs £
22,664
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.
