Market Place, Nottingham Road, Codnor, Ripley, Derbyshire, DE5 9SY
The French Horn is a modern day community pub with bags full of opportunities. The pub is immaculate both internally and externally and having been refurbished to a high standard recently this pub has the potential to be the best sports, teams and entertainment pub in the area.
The French Horn has been completely redecorated both internally and externally in 2016 and presents a great opportunity for a local couple to further build on the food and drink trade generated through sports, teams and entertainment. The pub has had a good reputation locally for a carvery offer and this is currently being offered on a Sunday but has the opportunity to expand throughout the week. It is popular with local families that are attracted to the pub by the food offer but also there is the opportunity to take advantage of the large amount of passing trade made available as the French Horn is ideally located to benefit from this.
The site has two main areas to suit both diners and drinkers. The pub benefits from having a large garden to the rear which looks out onto the fields behind the pub. There are several benches outside which could be another 25 food covers during the summer months. The pub also has a sheltered patio area to the front of the building where the locals can enjoy the sunshine on the cooler days. This would be a great opportunity for a local couple with close links to the local community to further build on the success of this great community pub.
Recently refurbished to a modern and high standard the French Horn has two main trading areas. Half of the main trading area is dedicated to dining and the other half is dedicated to drinking, pool, sky sports and entertainment. Both areas are serviced by one centrally located bar.
|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||£30,000 per annum|
|Weekly rent||£576.92 per week fixed|
£30,000 per annum, £576.92 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.
Approx £17,650 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||£5,000|
|Other costs||£5,000||Total entry cost||£17,650|
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)|
Situated on the popular area of Market Place in Codnor. The French Horn is located on the Nottingham Road between Derby and Nottingham. Locally there are the small towns of Eastwood, Heanor and Ripley and a large amount of local trade comes from these areas.