Gate Inn

21 Main Street, Kimberley, Nottinghamshire, NG16 2NG

Gallery

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Pub overview

Great traditional town centre local with scope to improve existing consumer base.

This is an excellent and well presented town centre pub which has come to the market due to the current tenant wanting to retire from the trade. The business has been built up by the current tenant over the last 10 years but presents a new operator with an opportunity to develop the business further by maximising its position and opening all day. The site is well known local, specifically when the sun shines as the benched area to the front offers the perfect sun trap and is a convenient place to sit and watch the activities up and down the High Street.

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.

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
“ The Gate is a well used business, sitting on the main road in Kimberley. The pub is a town centre local benefiting from circuit trade at weekends and regular guests throughout the week. There are great opportunities to further this trade and to take advantage of the potential in developing a catering offer and further developing the trading areas. You'll be able to put your own stamp on this business and have the confidence of a very stable foundation in which to do it. ”