Market Place, Nottingham Road, Codnor, Ripley, Derbyshire, DE5 9SY
A great community Pub, offering bags of potential – WITH RENT STEPS
The French Horn is neatly presented and has a good reputation locally. The pub is popular with families, diners and drinkers alike and as it is located on the busy Nottingham Road, can draw in passing trade too. The Pub is well used by local teams, has live sport and regular entertainment. Internally, there are two main areas to suit the customers needs, as well as a sheltered patio area to the front. Externally, there is a large garden which can offer an additional twenty five dining covers in the summer months and a large car park. To the rear, there are five hard standing caravan pitches with an external toilet area, running water, electric hook up and chemical disposal point, these pitches offer an excellent additional revenue stream for the Pub.
Months 1-3 - £10,400
Months 4-6 - £15,600
Months 7-12 - £22,500
The trading area was refurbished in 2016 to a modern standard. As you enter the Pub, there are two distinct trading areas with half dedicated to dining and the other to drinking. Within the bar area, there is a pool table, sky sports and regular entertainment. Both areas are served by a single central bar. The dining area has approximately thirty covers and another twenty five outside, which can be utilised over the summer months. Externally there is a car park with thirty spaces and to the rear there are five hard standing caravan pitches
|Car park spaces||30|
The private accommodation is above standard and in a really good condition overall benefitting from eight private rooms including two double bedrooms, a lounge and a kitchen.
|Annual rent||£22,500 per annum|
|Weekly rent||£432.69 per week fixed|
£22,500 per annum, £432.69 per week fixed and subject to annual RPI increase (tracker capped at a maximum of 4.75%) on anniversary of agreement. Paid weekly by direct debit.
Rent steps -
Approx £13,650 which includes stock, glassware, crockery, cutlery, fuel and cleaning materials, legal, brokers and stocktaking fees, rent in advance, training fees, working capital and deposit (minimum £6,000, but should build to 25% of head rent). Please note the fixtures and fittings are still to be valued.
|Fixtures & fittings||£0||Working capital||£3,000|
|Other costs||£3,000||Total entry cost||£13,650|
Standard Tenancy Agreement
A fixed 5 year term agreement which is contracted out of the Landlord and Tenant Act 1954
•Tie variations available
•Rent set at the start of the agreement, subject to the annual Retail Prices Index (RPI) which is capped
•Flexible pricing options available
•Greene King is responsible for the structure of the building
•Ability to end agreement with 6 months notice at any time with standard notice fee equal to 3 months rent
You will need to estimate the turnover you expect to achieve from the pub, with regard to food and accommodation (if applicable). Barrelage figures are given to assist you with calculations.
Calculators to help you are available on the business planning section of our website.
|Year||Beer (Brls)||Wine & spirits (Ltrs)||Minerals (Ltrs)|
Codnor is a Village in the Amber Valley district of Derbyshire. Codnor is approximately 12 miles North East of Derby and approximately 14 miles North West of Nottingham. The Pub is within the popular Market Place area. The closest Towns are Ripley, Eastwood and Heanor. There are approximately 3000 households within a one mile radius.
Current premises licence opening hours
Sunday to Thursday 05:00 - 00:30 Friday to Saturday 05:00 - 01:30
Business Development Manager
Call the Recruitment team on 01284 714 497Apply online
“ The French Horn is in need of an operator with close ties to the local community to take the existing offer and expand upon it. This spacious Pub is well equipped to suit both drinkers and diners and has a good reputation locally for its Sunday Carvery. If you are community focused and have the enthusiasm and determination to help this site reach its full potential, then talk to us! ”