Run a Star Pub - Tailors Arms Wilford - Nottingham

Job Details

Pub Overview

A £320,000 investment is planned to transform the Tailors Arms. What would you do with this pub to make it a success?

The Tailors Arms offers a great opportunity for someone who wants to take on a well-backed, newly refurbished pub with plenty of potential.

What would you do with this pub to make it even more of a success?

The Area

Wilford, a village and suburb of Nottingham, is unique for its rich history, significant historical residents, a blend of urban accessibility and natural reserves, and its link to notable local figures.

Wilford is a suburban area in Nottingham with a population of approximately 2,252 residents and an average age of 40. It is primarily residential, with a high rate of home ownership and a pleasant, family-friendly community feel. The area features well-maintained homes and green spaces and attracts a mix of families and professionals seeking a quieter lifestyle.

There are 2,658 people within a 10-minute walk time and 9,162 people within a 20-minute walk time. There are three competing pubs within a 10-minute walk.

Key landmarks nearby include St Wilfrid's Church, the Wilford Suspension Bridge, the Victoria Embankment and several nature reserves, with great train access from Nottingham.

The Offer

The Tailors Arms is available on our investment tenancy agreement. Click here for more information on this this agreement.

The refurbishment will cover the interior and exterior of the pub - delivering something special for the region across drinking, dining and events.

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 Tailors Arms will be well experienced with food and large venues. They will have a clear vision for their drinks menu, entertainment offer and 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

• Investment Tenancy
  
• Refurbishment Planned
  
• Outdoor Trade
  
• Catering Kitchen
  
• Music Venue
  

Trading Area & Facilities

The Tailors Arms will be undergoing a refurbishment which will cover the interior and exterior of the pub.

A full list of works and pub floor plan can be found in the refurbishment details in the downloads.

The pub’s trading areas and facilities post refurbishment will be:

• Multiple trading areas across drinking, dining and events
• Large rear outdoor trade area
• Patio areas to the front and side of the venue
• Catering kitchen
• Functionality for live music and events

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 2 bedrooms, a living room, kitchen, bathroom and office

Pub Financials

Pub Financials Icon
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

£61,353

Annual

Estimated Annual Turnover

£632,951

Annual Rent

£39,410

Entry Costs

Deposit

£9,853

Estimated Fixtures & Fittings Value

£40,000

Stock Valuation

£8,000

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.

Downloads

• Demographics Report Download arrow
• Energy Performance Certificate Download arrow
• Refurbishment Details Download arrow