Run a Star Pub - Longbow Arnold - Nottingham

Job Details

Pub Overview

The pub has two large function rooms with an outdoor children’s play area. This is complemented with additional patio seating areas and large car park.

The Location:

The Longbow is located just outside the busy and popular town of Arnold. The pub is surrounded by mixed housing. The pub benefits from being one of 2 pubs found in an area of around 3,600 adults. The diverse customer base is made up of families, retirees and younger couples and singles.

The Offer:

Available on our foundation tenancy agreement, the potential of this pub lies in developing a strong 20/80% food & drinksoffer. What food & drinks would you look to implement in the pub?

The site currently can drive trade via live entertainment, live sports and selection of pub games, such as pool, and darts. It offers a selection of popular beers, ciders, wines and spirits, cask ales, and coffees. 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
• Understanding of how to build a successful business
• Ability to engage with customers from behind the bar

If this sounds like the incredible pub opportunity you’ve been waiting for, apply today and tell us what you can bring to this pubs next chapter...

Features

• Foundation Tenancy
  
• Catering Kitchen
  
• Live Sports
  
• Pub Games
  
• Car Park
  
• Outdoor Trade
  
• Private Accommodation
  

Trading Area & Facilities

• Main trading area with bar
• 2 separate large function rooms with their own facilities.
• 120 internal covers
• 70 external covers
• Medium sized catering kitchen
• Function room
• large patioed area with children’s play area
• Car park with 60 spaces.

Private Accommodation

Private accommodation consists of 3 bedrooms, a living room, kitchen and bathroom. Where required there will be appropriate works carried out in line with the Star Pubs & Bars Ready to Trade promise.

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 range from**:

£12,987 - £25,066

Annual

Estimated Annual Turnover

£247,657

Annual Rent

£17,844

Entry Costs

Deposit
**Deposit build up from 1 month rent

£4,461**

Estimated Fixtures & Fittings Value
**Rented fixtures & fittings deal available

£17,105**

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