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The Hole in the Wall is located within a mile of the heart of Nottingham City Centre. This popular pub is surrounded by residential and student accommodation. Nottingham Trent University is within walking distance as well as Nottingham Shopping Centre with all major retail stores. There are great transport links with the A60 within 500 yards leading to access to the M1 connecting to Sheffield and Leicestershire.
A large open plan trading area with a long single bar servery to the right of the entrance. To the left of the room there is a sports area housing a pool table and darts oche. It’s currently decorated with a music theme with wooden flooring throughout and a mixture of fixed and loose seating with a tiled service area. There is a small enclosed snug area tucked away behind the entrance for more cosy drinking. A small equipped kitchen is at the back of the pub along with access to the toilets. Through the sports area there is an entrance to the external drinking patio with approximately five benches.
The Hole in the Wall predominantly trades as a drinks focused pub with live entertainment on weekends and a variety of sports throughout the week. Currently trading with one pool team with scope to expand. Cask Ale has always been a trademark of this pub and should remain a focus for any licensee. No food is currently served however a light bites menu and small back bar food menu should be adopted here.
The private accommodation consists of three bedrooms, lounge, kitchen and bathroom.
There is additional accommodation on the 2nd floor with four more good sized rooms, lounge, shared bathroom and kitchen available with an external entrance.
Annual Rent: £7,000
Security Deposit: £3,000
Working Capital: £3,000
Fixtures and Fittings: Upon Valuation – funding options available for the right licensee.
Utilities (Gas and Electric): This pub is part of the Group Energy deal and you will therefore be required to purchase gas and electric supply through Admiral Taverns. For more information on this, please speak with a member of our recruitment team.
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: £250 plus VAT
For a breakdown on financial information, please refer to the ‘Additional Info’ tab.
I am looking for a business orientated individual or couple with the ambition and skills to further develop this well established and respected pub. You will need good social, marketing and networking skills to further develop the offer and online marketing presence to attract and retain a wider range of customers.
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.