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Nevile Arms, Kinoulton

Kinoulton, NG12 3EH

Your investment

£10,000

Agreement Type

Tenancy
  • Fully Equipped Catering Kitchen
  • Strong Established Local Trade
  • Prime Location In Residential Area

The Nevile Arms, nestled beside the serene village green of Kinoulton, stands as a beacon of tradition and community in this affluent enclave just a stone’s throw from Nottingham. With its roots tracing back to the 1860s, this expansive and detached pub boasts a rich tapestry of history and heritage. As a fixture of the village for well over a century, The Nevile Arms has earned a sterling reputation, revered by locals and visitors alike. Its enduring presence serves as a testament to its unwavering commitment to quality and service. With a population of approximately 1000 people, largely hailing from the most affluent demographic group in the country.

Pub Layout

Upon entering, guests are greeted by the inviting ambiance of the traditional bar, where they can unwind with a refreshing drink and soak in the pub’s timeless atmosphere. The eclectic furniture, carefully chosen to complement the pub’s style, adds to the unique charm and character of the space. A focal point of the pub is the welcoming open fire, casting a warm glow and inviting guests to gather around and share stories and laughter. The wooden flooring adds to the rustic charm, creating an inviting backdrop for both formal dining occasions and relaxed gatherings. The layout of The Nevile Arms caters to a variety of preferences, offering both formal and relaxed dining/drinking areas to suit any occasion. The well-equipped kitchen ensures that guests are treated to delicious meals made with fresh, locally sourced ingredients. Externally, the pub offers a complimentary large enclosed beer garden, providing the perfect setting for al fresco dining or simply basking in the sunshine. Additionally, the ample car park with 25 spaces ensures convenient access for guests arriving by car.

As the Nevile Arms is the only pub in the village, it is indeed the heart of the community. The site has recently been operating as a premium food-led pub and has become a destination pub for visitors from outside the local community with a very strong reputation. With approximately 50 covers in the dining area and a cosy and informal bar area, there is an opportunity to add weekly activities such as quizzes, weekend entertainment, and family activities for the families in the village. The pub also benefits from a fully functioning kitchen with additional out-rooms for storage and wash up areas.

The current retail food offer suits the pub and its location perfectly, so more of the same or similar is required in fresh British gastro pub food. A regular list of both indoor and outdoor events is essential to be at the heart of the community and give people from outside the village a reason to travel. High standards are a must for the local people due to their demographic profile. It is important to understand that this is not and will not be a restaurant, its success lies with the blend of village pub drinking and fantastic food. Cask ale is a must & you can have fun with craft and world beers.

Private Accommodation

The private accommodation consists of three bedrooms, a lounge, kitchen, utility, and bathroom. The accommodation is in good condition and is accessed through the pub.

Annual Rent: £24,000

Security Deposit: £5,000

Working Capital: £2,500

Stock: £2,500

Fixtures and Fittings: To be confirmed upon valuation –  funding options may be 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.

The new licensee must be experienced foodies with a history of running and managing a busy fresh food offer. High standards of service, recruitment, and staff training are a must preferably with key team members already on board. High motivation and tenacity are required to reach out to destination diners and drinkers via social media platforms and advertising as they are needed to achieve the turnover figures expected. This is an amazing opportunity for someone to acquire a brilliantly appointed food pub in the very popular area of South Nottinghamshire.

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 – £60.89 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.  Please note, this only applies to pubs marked with an Asterix *


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