Are you looking for pub tenancy in the Nottingham area ? Why not run ‘The Malt Shovel’ as this is now available !
Here at Love Your Pub we know about all the best pubs that are becoming available and The Malt Shovel is now available via Love Your Pub!
For more information about this venue and how you can take the next step in your hospitality career click the link below.
Pub Tenancy In Nottingham – The Malt Shovel Is Now Available
Established Town Centre Pub
The pub is in the heart of Beeston town centre, just off the pedestrian zoned area. In a prime location close to a variety of shops and other businesses it is well placed to attract a mix of clientele. This pub is popular with the local community, shoppers and students. It has a steady footfall and forms part of a circuit with many other pubs in the town centre.
Currently, the pub offers a traditional pub menu but makes most of its trade through drinks sales. Renowned for its homemade Sunday roast and has a good reputation for cask ales.
Ambitious forward-thinking operator essential.
We are looking for someone who has the energy and creativity to develop this business. It would be perfect for a first-time operator or someone looking to develop their career in a busy town centre environment.
Features
FOUNDATION TENANCY
MUSIC VENUE
CAR PARK
CASK ALE
OUTDOOR TRADE
PRIVATE ACCOMMODATION
MONTHLY BILLING
WEEKLY BILLING
Trading Area & Facilities
Trading Areas
One room operation that’s in 3 zones. Front bar area to the left as you walk in and 2 other areas for casual drinking but also popular for diners. Good Kitchen catering for 60 covers.
Small area for drinking at the front of the pub with several benches. The Car Park has facilities for 5 cars which is not always utilised. This space may offer a solution if you wish to create a larger outdoor trading area.
Private Accommodation
The private accommodation consists of 3 bedrooms, kitchen & bathroom and a lounge. In line with our Ready to Trade Promise, we will ensure the private accommodation is in good condition so that you can focus on your business.
Premises Licence Details
Please refer to the Premises Licence for full details.
The Malt Shovel Beeston
Annual Rent £ 16,985
Estimated Tenants Annual Operating Profit £ 17,584
Representative HEINEKEN UK Brand Discount Per Barrel £ 180
Estimated Annual Turnover £ 282,038
Estimated Annual Barrelage
£ 162
* 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
Your Investment
Ingoing Costs
Estimated Licensee Fixtures and Fittings Value £ 15,000
Estimated Fixtures and Fittings Valuation Fee £ 250
Estimated Stock Valuation £ 8,000
Deposit Amount £ 4,246
Rent in Advance £ 327
Training Fee £ 425
Estimated Designated Premises Supervisor / Manager Fee £ 50
Premises Licence Fee £ 180
Rates Assessment Fee £ 55
Estimated Legal Fees £ 650
Estimated Total Ingoing Costs £ 29,183
Estimated Minimum Ingoing Costs £ 12,937
In order to ensure a successful start-up, all applicants must have a minimum £10,000 un-borrowed funds.
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 are not included in the rent model or ongoing costs below.
Note that on FRI 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.
Other SP&B Ongoing Charges
Estimated Annual Building Insurance £ 2,156
Estimated Annual Maintenance Compliance Charge £ 1,469
Estimated Annual Accountancy & Stocktaking Charge (including tills) £ 6108
Estimated Annual Repairs Fund £ 1300
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
** Deposit build up will be payable over a maximum of 24 months
*** Fixtures and Fittings annual rental fee should be estimated at 15% of the F&F value. The actual F&F value will be determined on the day of entry
**** Maintenance Compliance Charge relates to the fees for various statutory inspections
***** Estimated Legal Fees is a charge applied to your account by SP&B for creation of your Lease. You are required to engage and pay for your own solicitor – your solicitor’s fees are not included in the above estimate
The Malt Shovel Beeston
Ambitious forward-thinking operator essential.
We are looking for someone who has the energy and creativity to develop this business. It would be perfect for a first-time operator or someone looking to develop their career in a busy town centre environment.
