The New Inn, Mansfield
East Midlands
West Gate, Mansfield NG18 1RR, UK
The New Inn is centrally located to Clay Cross high street and has previously undergone investment last year. Clay Cross in a town in North East Derbyshire just five miles from Chesterfield. The pub is on the main circuit with numerous shops and pubs within walking distance and will benefit from the Clay Cross redevelopment grant, currently being planned by the council. A green space and park set is to be built at the rear of the pub in 2024 which will give great views from the beer garden and better access for public.
Pub Layout
Having two snugs on either side of the door provides a welcoming and intimate atmosphere for patrons. The L-shaped bar is well stocked with a great product range, whilst it allows for efficient service to both the front area and the side where activities like darts and pool are located. The presence of big TV screens is perfect for sports events or entertainment. The style of fixtures and fittings are relaxed, with informal spaces, carpeted areas and wooden floors creating a warm, welcoming feel . There is a good size beer garden to the rear of the pub which is a great space for those summer months and there is an additional enclosed yard to the right of the pub.
The stated ingoing figures are correct at point of advertising. Please be aware there may be additional costs.
Gallery
Everything about the Pub
The New Inn has a varied and diverse clientele, it is popular with regulars throughout the day and comes alive at the weekends. The pub needs to put the community at the forefront with a focus on local charities and fund raising. You will need to build on the existing sports teams as there is currently a darts & skittles team with scope to incorporate and a pool team. Live entertainment at weekends will suit this pub with a mixture of karaoke, live acts and DJ. Overall, the pub’s strategic approach to catering to various customer preferences and interests, along with its strong community focus, sets it up for success. With the right operator and execution, this pub has the potential to become a thriving and vibrant establishment at the heart of the community.
Private Accommodation
This layout is to be well-suited for a family or individuals who value space and functionality in their living environment. There are three bedrooms, kitchen / diner, utility room and a large living room.
Security Deposit £2,000
No rent applicable on this agreement.
This opportunity is for you to run your pub as a self-employed manager. Admiral Taverns take care of all the running costs including rates, utilities, stock and day to day running costs whilst you take home a percentage of the weekly sales, you are responsible for paying all employment costs relating to your staff and any council tax for the residential quarters.
This model allows you the freedom to grow your income through increasing sales, whilst the landlords support you and keep the bills paid.
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: 2000
Annual Cost: 0
This is an exciting opportunity for an experienced operator to take the reins and develop this great pub. You will need to have bags of energy and the determination to ensure this is a great community pub. You will need to have a good understanding of the local marketplace and have previous experience in delivering great service & great standards It is paramount you can display the skill set to deliver a varied rhythm of the week and put the community at the heart of all that you do.
Contact
Contact The Love Your Pub Team:
Contact number: 01329 227488
Contact email address: info@loveyourpub.co.uk
Pub Location
Make an Enquiry
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.