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Parkhall Tavern, Mansfield

Mansfield, NG19 8PX

Your investment

£11,000

Agreement Type

Tenancy
  • Beautiful and well presented village pub
  • Thriving community local
  • Local sports teams

The Parkhall Tavern is located in the centre of the main housing area of Mansfield Woodhouse. It is surrounded by dwellings, it has other pubs, shops and amenities in the area creating a hub for the local community. The pub is purpose built and has a great standing making it unable to miss and is set up well for all types of trading styles.
Mansfield is a market town and the administrative centre of the Mansfield district in Nottinghamshire, England. It is the largest town in the wider Mansfield urban area and the second largest settlement in Nottinghamshire. The town lies in the Maun valley, 12 miles (19 km) north of Nottingham and had a population of 110,500 at the 2021 census.

Pub Layout

The main entrance is accessed via the car park and leads into a lobby which houses the toilets. The first entrance is to the lounge area which has its own bar and views over the main road, this is a comfortable area with bench seating and booths along with TV’s for sport. To the rear of the pub is the main bar area, again serviced by its own bar this room is large and has wooden flooring so is ideal for events, functions, sports viewing and sports teams of pool and darts. Externally to the front of the pub there is a large carpark for several vehicles providing access to the front of the pub but additionally to the raised decked beer garden via a ramp which provides an alternative entrance to the pub. The beer garden is well presented featuring a number of wooden benches for outside drinking.

The pub predominately trades as wet led but offers a back bar food menu like pizza and cobs etc. The pub is a favourite with the locals, providing a solid following for events such as live music and karaoke.

Private Accommodation

The private accommodation has a lounge, separate well appointed kitchen and two large double and one single bedrooms. There is also a small box room which is currently used as an office.

Annual Rent: £25,000

Security Deposit: £5,000

Working Capital: £3,000

Stock: £3,000

F&F: TBC – 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.

 

Admiral Taverns are looking for an experienced licensee who can maintain and develop the already excellent offer at the Parkhall Tavern. A licensee who can focus and give their time efficiently to the pub, get actively involved with the local community, incorporate themselves helping local charities and capitalise on popular music and sporting events events with ensure this is a thriving and successful business.

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.


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