Nags Head Hulland Ward

Pub Overview

Community Spirited Pub

The Nags Head is in the pretty village of Hulland Ward in the heart of the Derbyshire Dales. Hulland Ward lies approximately 4 miles East of Ashbourne on the A517 and 10 miles North of Derby. There are many villagers within a 20-minute walk-time who are looking for a premium experience and good quality food offer. Within a 20 minute drive-time, the catchment includes a significant proportion of professional families. These families will become integral to the destination food marketing plan.

It is a traditional village pub offering quality cask ales, premium lagers and a choice of good quality wines. Their home-cooked menu is popular and drives destination trade. The real crowd-pleasers are the Thursday evening Pie Night and the Friday Pizza and curry takeaway. Not forgetting the Traditional Sunday Lunch on offer every week.

The Pub is also a great hub for the community and their community-based sports teams include boule, darts and dominos.

Home-cooked food and quality cask ales help to set this pub aside from the competition. We would expect the next operator to continue to drive this offer and become an integral part of the local community.

We're always open to new ideas, what would you do to drive trade?

Attitude is more valuable than experience. If you've got the following, we'd love to hear from you.

• Understanding of the local community
• You know what it takes to build a successful business
• You love hospitality and are great with 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

• Catering Kitchen
  
  
• Foundation Tenancy
  
  
• Pub Games
  
  
• Car Park
  
  
• Cask Ale
  
  
• Outdoor Trade
  
  
• Private Accommodation
  
  

Trading Area & Facilities

The pub is segmented into a bar area with 2 open fires and a restaurant area with a further open fireplace. The bar area is particularly welcoming and suitable for both drinkers and casual diners. It is in good condition but the pub would benefit from some further focus on the internal decoration.

There is a compact catering kitchen but extra space is possible with the option to build an external dry goods store. It caters for 22 covers in the bar area with a further 32 covers in the restaurant area.

To the right-hand side of the pub, there is a boules pitch and a paved patio area that extends around the front of the pub. At the rear of the car park, there is a further patio and garden area with approx. 8 bench tables. There is also the benefit of a covered smoking area to the rear of the pub. There is parking for approximately 20 cars and outbuildings, used for storage.

Private Accommodation

Private accommodation consists of 4 double bedrooms, a lounge, 2 bathrooms, dining room and kitchen.

Pub Financials

Annual Rent £
15,338
Estimated Annual Turnover £
279,299
Deposit £
3,834
Estimated Fixtures & Fittings Value £
12,360
Estimated Stock Valuation £
5,000
Estimated Working Capital £
3,500
Estimated Total Ingoing Costs £
24,694
Estimated Minimum Ingoing Costs £
9,778

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. #J-18808-Ljbffr

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