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Forest Tavern, Annesley Woodhouse

Annesley Woodhouse, NG17 9JD

Your investment

£10,000

Agreement Type

Tenancy

Kirkby-in-Ashfield lies on the eastern edge of the Erewash Valley which separates Nottinghamshire and Derbyshire. The Forest Tavern is a traditional roadside pub with a separate pool room and tap room.

Kirkby-in-Ashfield lies on the eastern edge of the Erewash Valley which separates Nottinghamshire and Derbyshire. There is a planned investment at the pub which will see the pub externally redecorated with new signage and lighting (as per the attached image). The interior will be decorated with some new coverings to the floor; the toilets will also be upgraded. The planned works will give a whole new fresh look to the pub. Interested applicants can be given the full detail of the investment.

Pub Layout

The Forest Tavern is a traditional roadside pub with a separate pool room and tap room. Outside there is a good sized car park and a vastly underutilised beer garden/patio.

The Forest Tavern is a wet only community local and is surrounded by many chimney pots. With a mixed clientele from the young using the pool and darts facilities and the elderly clientele frequenting the comfortable lounge, there is a broad customer base that frequent the pub. The Forest Tavern could and should be the focal point of the community when it comes to socialising.

Private Accommodation

The private accommodation consists of three bedrooms, a large lounge, a kitchen and a bathroom.

Annual Rent: £17,000

Security Deposit: £5,000

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.

There is much scope to engage with local sports teams, and through engaging with these, the new operator would see trade grow. The new operator needs to be warm and personable with the skills to make the Forest Tavern the heart of the community site it and have a keen eye for standards. They will need to have the ability to listen to and interact with the community will be essential to the ongoing success of the site. They will need to work closely with the community to get the buy-in, help and support they will need to run activities/events that will benefit all in the area.

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)

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

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

Training – This is required when taking on a Business Support Agreement.  Included is an e-learning package for you and your staff and attendance to our ‘Set Up To Succeed’ workshop held at our Head Office in Chester.  Please note, you will be required to attend this workshop before signing a long term tenancy agreement.

Service Charge Cost – £28.01 per week – This is a weekly charge that includes statutory compliance certification (including Annual CP12 and CP42 gas test), cellar cooling services (including full insurance to cover repairs and / or replacements), Health & Safety Essentials (including assessments) and Licensing Support

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)

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

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

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 – £30.10 per week – This is a weekly charge that includes statutory compliance certification (including Annual CP12 and CP42 gas test), cellar cooling services (including full insurance to cover repairs and / or replacements), Health & Safety Essentials (including assessments) and Licensing Support.


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