The Lord Nelson is situated in the affluent village of Winthorpe approximately 2 miles from Newark. There is an attraction of walkers, cyclists and tourists to the pub along with a great local trade of drinkers and diners that can be developed further. The pub is a successful pub offering great food, drinks and the opportunity of functions. The pub offers great facilities with a large external area with seating for around 150 along with a covered outside space and a mixture of lawn and patio area. Internally the trade areas are in good condition with a dining/function room area with around 50 covers a bar area used for dining or drinking with around 30 covers and a snug bar. The kitchen is well-equipped on the ground floor.
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The accommodation is on the first floor above the pub and consists of 4 bedrooms, lounge and 2 bathrooms and another room currently used as an officebut this room could be used as a galley kitchen if a table and simple kitchen equipment was added. The decor is to personal preference and the right publican will probably want to decoarte to thier person taste.
Forecast Turnover: £437,424.95
Year 1 Rent: £0.00
Guide Rent: £37,000.00
Initial Deposit: £9,250.00
Full Deposit: £9,250.00
Full Tie Release: £30,500.00
Agreement Fee: £775.00
Repair Fund: £2,000.00
Fixtures & Fittings: £30,000.00
Working Capital: £35,300.00
Stock & Glassware: £3,500.00
Cash Float: £5,000.00
Forecast Wet Turnover: £271,388.68
Forecast Dry Turnover: £166,036.27
Forecast Other Turnover: £0.00
This is a great opportunity for a new publican to continue and develop the great retail offer in place and embrace the current locals and visitors to the pub. This exciting opportunity is waiting for the right person to become the heart of the local community at this popular village pub.
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