If you are looking for a pub tenancy in Nottingham, run The Hole in the Wall !
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Pub Tenancy In Nottingham – Run The Hole in the Wall !
Pub Tenancy In Nottingham – Run The Hole in the Wall !
* REFURBISHMENT PLANNED *
The Hole in the Wall is located within a mile of the heart of Nottingham City Centre and is surrounded by residential and student accommodation. Nottingham Trent University is within walking distance as well as Nottingham Shopping Centre with all major retail stores. There are great transport links with the A60 within 500 yards leading to access to the M1 connecting to Sheffield and Leicestershire.
Pub Layout
The pub has a large open plan trading area with a long single bar servery to the right of the entrance. It is currently decorated with a music theme, with wooden flooring throughout and a mixture of fixed and loose seating with a tiled service area. There is a small enclosed snug area tucked away behind the entrance for more cosy drinking, and to the left of the pub there is a sports area housing a pool table and darts oche. A small, well-equipped kitchen is located at the rear of the pub, along with access to the toilets. Through the sports area there is access to the external drinking patio with outdoor seating.
The stated ingoing figures are correct at point of advertising. Please be aware there may be additional costs.
The planned refurbishment will give a new, fresh look to this traditional community pub, and will provide improved facilities for both existing and potential new customers. Regularly rotating cask ales, pub sports teams and live sports coverage will continue to be a focus, along with a regular, varied entertainment programme. An opportunity exists for the development of a small back-bar food offer to supplement the drinks trade.
Private Accommodation
The private accommodation on the first floor consists of three bedrooms, lounge, kitchen and bathroom.
There is additional accommodation with external access on the 2nd floor, with four more good sized bedrooms, lounge, shared bathroom and kitchen.
Annual Rent: £7,000
Security Deposit: £3,000
Working Capital: £3,000
Stock: £2,000
Fixtures and Fittings: Upon Valuation – funding options available for the right licensee.
Tie: All drinks categories are tied. For fully funded licensees on long term agreements, we offer free-of-tie options for certain drinks categories in exchange for an annual fee.
Training: £325 plus VAT
For a breakdown on financial information, please refer to the ‘Additional Info’ tab.
Additional Info
Annual Rent – This is our lowest rent figure associated with a Full Tie. If the tie is reduced the effective rent (via Tie Release Fees) will increase. Rent is billed and paid for weekly in advance depending on the payment terms agreed). On occasion, our Business Development Manager will discuss a start up rent which is discretionary to an individual pub and can be discussed.
Security Deposit – This sum of money will be held on your account and will be returned to you on exiting of the pub based on your final account balance and the condition of the property. Our standard deposit is 25% of the headline rent. On occasion, we can negotiate a lower security deposit with the aim to build up to our full deposit on a long term agreement.
Working Capital – This is a recommend amount required which will be used in the day-to-day running of the business.
Stock – This will be valued by an independent valuer on the day you take over the pub. This includes unbranded glassware, unopened bottles, wines, spirits, any unopened / opened kegs and cask ale providing the container is unopened.
Fixtures & Fittings – This includes any item that is bolted to the floor or walls, and a fitting to be any item that is free standing or hung by a nail or hook. This will also include furniture.
Tie: All drinks categories are tied. For fully funded licensees on long term agreements, we offer free-of-tie options for certain drinks categories in exchange for an annual fee.
Training – Before signing a long term agreement, you will be required to attend our 7 Steps to Sales Success training programme. Held online over three days, you will learn marketing and business strategies that will help you to grow sales in your pub – step-by-step.
Service Charge Cost – £57.60 per week – The Admiral Taverns Premium Maintenance Package will help take care of your compliance and statutory obligations with one simple fee, whilst giving you piece of mind about your boiler and cellar cooling repair and replacement. This also includes full access to e-learning for you and your staff.
*Zero Business Rates – Based on the April 2023 rating list, the Nil Rates Payable is based on small business rates relief being applied and the licensee only occupying one property for commercial purposes.
Ingoing Cost: 8000
Annual Cost: 7000
I am looking for a business orientated individual or couple with the ambition and skills to further develop this well established and respected pub. You will need good social, marketing and networking skills to further develop the offer and online marketing presence to attract and retain a wider range of customers. We will encourage the licensee to be involved at every stage of the refurbishment process.
