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Nevile Arms

Kinoulton, NG12 3EH

Your investment

£17000

Agreement Type

Tenancy

The Nevile Arms is situated adjacent to the village green in Kinoulton, an affluent village located 10 miles south of the City of Nottingham, with a population of approximately 1000 people, mainly from the most affluent demographic group classification in the country. The pub is in excellent condition inside and out, having undergone a £120,000 refurbishment in 2014.

The Nevile Arms is situated adjacent to the village green in Kinoulton, an affluent village located 10 miles south of the City of Nottingham, with a population of approximately 1000 people, mainly from the most affluent demographic group classification in the country. The pub is in excellent condition inside and out, having undergone a £120,000 refurbishment in 2014.

With a complimentary large enclosed beer garden and car park with 25 spaces, there is scope to add many local events to appeal to the local villagers and their families.

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 current MAT of 80 barrels is understated as the offer has focused on food with complementing wine as the priority. 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: £7,000

Stock: £5,000

F&F: TBC (Funding options available)

Training: £325 plus VAT

For a breakdown on financial information, please refer to the ‘Additional Info’ tab.

The new partners 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)

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

 

 


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