Investment Planned

Gate Inn

21 Main Street, Kimberley, Nottinghamshire, NG16 2NG

Gallery

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Pub overview

An established wet led business, right in the town centre, with a planned INVESTMENT!

The Gate Inn is a well-used Pub, with great potential to expand the existing customer base. The site benefits from mostly wet trade and regularly has Sky Sports showing on the TV. As you enter the Pub, you enter a well sized bar area, with seating benches in front of the lovely bay windows. The trade Kitchen is very basic, however a small ‘hand held’ food offer could compliment the wet trade nicely. Externally, the front of the pub is a real sun trap and is popular with drinkers who can watch the world go by. We are planning on investing in the future of this Pub and are keen to work with the right operator to make this a success.

Entering the site from the central front door, there is a bar servery directly in front of you and seating to either side in the bay windows. Towards the right is a door leading to the toilets and access to the lounge area, this also has its own access to the side of the pub. Externally to the front is a large terraced area which is very well used during sunny days, to the rear is a lawned garden with Skittle Alley. Skittles is still a very popular team sport within Nottingham and the Shire.

Trade space
Bars 2
Car park spaces 2
Food covers15
Gardens 1
Patio areas 1

The private accommodation is arranged to the first floor with bathroom, domestic kitchen, lounge and two bedrooms.

Private space
Private Rooms6
Lounge1
Double bedrooms2
Private Kitchen1
Bathrooms1
Toilets1

Rent information

Annual rent£25,000 per annum
Weekly rent£480.77 per week fixed
Notes

£25,000 per annum, £480.80 per week fixed and subject to annual RPI increase, which is capped. Paid weekly by direct debit.
Machine income free of tie.

Entry costs approx £21,300 which includes fixtures and fittings, stock, glassware, crockery, cutlery, fuel and cleaning materials, legal, brokers and stocktaking fees, training fees, schedule of condition, working capital and deposit (25% of head rent, minimum £6,000). *Please note the F&F is shown as a 25% deposit due to an Assisted Purchase agreement being available for the right operator.

Brokers£675Legal£825
Deposit£6,000Stocktaking fees£150
Fixtures & fittings£5,000Working capital£5,000
Other costs£3,650Total entry cost£21,300

Agreement description

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.

Trading volumes

YearBeer (Brls)Wine & spirits (Ltrs)Minerals (Ltrs)
2017/182324421,535
2016/172702891,645
2015/163123642,192
Volume notes

Location

The business is located on the High Street in Kimberly Nottinghamshire. Kimberley is a town lying 6 miles northwest of Nottingham along the A610. The town grew historically as a centre for coal mining, brewing and hosiery manufacturing. Together with the neighbouring villages of Giltbrook and Greasley, it has a population of around 6,500 people. The business has a strong regular customer base who enjoy the traditional offer and the site really comes into its own when the sun shines as the beer terrace to the front is the location of choice for the community. The site benefits from a number of pubs close by which act as a draw to the surrounding area due to the choice being offered.

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Facilities

Trade bar
Car park
Pub garden
Trade patio

Current premises licence opening hours

Sunday to Thursday- 10:00 - 00:00 Friday and Saturday- 10:00 - 01:00

Contact Us

Sarah Adams

Business Development Manager

Call the Recruitment team on 01284 714 497

Apply online
“ I am looking for an excellent operator, who can take this well used wet led business to the next level. The Gate Inn is prominently positioned on Main Street in Kimberley and offers regular live sport. The site is popular with drinkers throughout the week and especially at weekends when it benefits from ‘circuit drinkers’. There are solid foundations in place here for you to build on, so if you are customer focused and looking to run a lively, wet led venue, we are keen to hear from you ”