The Old Malt Shovel is a spacious, old character pub located on a prominent main road into Newark from Lincoln. The pub is traditionally decorated with two log burning fires which are lit in the colder months creating a cosy feel. There is a single servery in the attractive, traditional bar with an open plan trading area which leads through to an extension at the rear. This space creates the restaurant area, has seating for approximately 30 diners and has previously been utilised for small functions. The business has historically offered a selection of live music including jazz and folk music which should be re-implemented in order to create further revenue. The pub also boasts a fully equipped trade kitchen is capable of producing a substantial food offer. There is also a basement cellar with ample space for a cask ale selection which has proved very popular in the past, having had strong connections with CAMRA. To the rear of the pub, just off the restaurant is a small patio and backyard with seating benches, perfect for drinking during the warmer months.
The domestic area is fully located on the first floor and is in good decorative condition.
Agreement Fee: £750.00
Cash Float: £1,000.00
Fixtures & Fittings: £8,000.00
Forecast Turnover: £199,115.00
Full Deposit: £3,500.00
Full Tie Release: £0.00
Guide Rent: £14,000.00
Initial Deposit: £0.00
Repair Fund: £0.00
Stock & Glassware: £2,500.00
Working Capital: £0.00
Year 1 Rent: £0.00
Forecast Dry Turnover: £23,400.00
Forecast Other Turnover: £8,500.00
Forecast Wet Turnover: £175,714.76
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Insurance disclaimer
Towergate Insurance Brokers is a trading name of Towergate Underwriting Group Limited. Registered in England No 4043759.
Registered address: 2 Minster Court, Mincing Lane, London EC3R 7PD. Authorised and regulated by the Financial Conduct Authority.
Finance disclaimer
Portman Finance Group includes Portman Asset Finance Limited (Reg No: 06226530) which is authorised and regulated by the Financial Conduct Authority for its credit broking activities and deals with a panel of lenders (FRN: 719988), Portman Leasing Limited (Reg No: 06797365) authorised and regulated by the Financial Conduct for Consumer Hire lending (FRN: 723730) and Portman Commercial Finance Limited (Reg
No: 10011121). The companies within Portman Finance Group are all registered in England and Wales with registered offices: 1 Pavilion Court, 600 Pavilion Drive, Northampton, NN4 7SL
Mortgage disclaimer
The Mortgage Hut Limited is an appointed representative of Mortgage Advice Bureau Limited and Mortgage Advice Bureau (Derby) Limited which are authorised and regulated by the Financial Conduct Authority. The Mortgage Hut Limited. Registered Office: Ground Floor, Threefield House, Threefield Lane, Southampton, Hampshire, SO14 3LP Registered in England Number: 07629941
Your home may be repossessed if you do not keep up repayments on your mortgage. There may be a fee for mortgage advice. The actual amount you pay will depend upon your circumstances. The fee is up to 1.5%, but a typical fee is 0.3% of the amount borrowed.
MISREPRESENTATION ACT 1967
The Love Your Pub Group gives notice that the contents of these particulars are believed to be correct but are given without responsibility and intending purchasers or lessees should satisfy themselves by inspection or otherwise to their correctness. These particulars do not form any part of any offer or contract and no person in the employment of the company has any authority to make or give representation of warranty to this property.
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