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New Inn, Ilkeston

Ilkeston, DE7 8AJ

Your investment

£9,000

Agreement Type

Tenancy

Ilkeston is a town within the Borough of Erewash in Derbyshire. It lies on the River Erewash, from which the local borough takes its name. This is a ex-mining, market town located between Nottingham and Derby. It is well serviced by many bus links which terminate right outside the pub.

Ilkeston is a town within the Borough of Erewash in Derbyshire. It lies on the River Erewash, from which the local borough takes its name. This is a ex-mining, market town located between Nottingham and Derby. It is well serviced by many bus links which terminate right outside the pub. The New Inn is a brick built pub and occupies a corner plot on the road that leads to the market square.

Pub Layout

Internally there is one bar that services a u-shaped trading area. There is a small function room for approx. 75 upstairs, which has its own bar. There is also space for pool and darts within the trade area. Externally there is small enclosed yard to the rear which is used as a smoking shelter as well some outbuildings for storage.

This is a town centre site that needs its fortunes reviving to bring it back in line with the evening circuit in Ilkeston. During the daytime the site caters for shoppers as well as locals and regulars.

Private Accommodation

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

 

Annual Rent: £TBC

Security Deposit: £5,000

Working Capital: £2,000

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 an opportunity here to grow trade through developing a daytime/early evening food offer to further increase the customer base. The New Inn needs an operator who thrives on running vibrant pubs and who understands how to change the offer throughout the day to meet the needs of very different 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.

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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