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Run a Star Pub
3 months ago
The area
The Dog & Quayle is a well-positioned pub in the hilltop village of Underwood, Nottinghamshire. The pub is surrounded by housing, and next to a main road.
Demographics
The pub is one of 2 pubs found in an area of around 942 adults. The customer base is made up of mostly older couples and singles.
The offer
Available on our foundation tenancy agreement. Click here for more information on this agreement . The potential of this pub lies in building up the wet trade, and creating a calendar of events that turn the Dog & Quayle into a hub for the whole community.
The site currently has the ability to drive trade through its food offer and has had success as a carvery. The next operator at the Dog & Quayle could benefit from providing a more versatile food offer alongside this.
The Operator
If you’ve benefited from running or managing a pub or catering 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 offer, as well as their calendar of events that will drive the drinks trade and provide 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
- Car Park
- Catering Kitchen
- Private Accommodation
- Outdoor Trade
Trading Area & Facilities
- Main trading area with bar
- Separate dining room
- 80 internal covers
- 20 external covers
- Catering kitchen
- SmartDispense
- Small outdoor area
- Car park with circa 30 spaces
Private Accommodation
Private accommodation consists of 3 bedrooms, lounge, kitchen, and bathroom.
Pub Financials
Annual Rent £
25,107
Estimated Annual Turnover £
371,725
Deposit £
6,276
Estimated Fixtures & Fittings Value £
15,000
Estimated Stock Valuation £
7,500
Estimated Working Capital £
3,500
Estimated Total Ingoing Costs £
32,276
Estimated Minimum Ingoing Costs £
13,092
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.
