Inn For A Penny

146 Burton Road, Carlton, Nottingham, Nottinghamshire, NG4 3GP

Gallery

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Pub overview

This is a great community pub located in the suburbs of Nottingham with an external refurbishment planned for Spring 2018.

A fantastic opportunity to build on this friendly, traditional roadside pub with an already successful wet led business and an even greater opportunity to expand the food offer. It has live bands that provide entertainment on a monthly basis, with a DJ every Saturday and Karaoke every Friday. There are also two darts teams - a Ladies team in the winter league and a mixed team in the summer league. There is the opportunity to introduce a pool table and teams to build on this interest in pub games. Furthermore, there is a regular music quiz every Thursday, a general knowledge quiz every Sunday, Bingo on Thursday, and a Meat raffle every weekend. SKY/BT sports are a big draw with both HD & 3D screens on site with an upstairs function room available to hire too.

The property benefits from a large and flexible trade area.

Trade space
Bars 1
Car park spaces 53
Child play areas 1
Dining rooms 1
Food covers 80
Function rooms 1
Gardens 1
Trade kitchens 1
Patio areas 2

Extensive and flexible accommodation located on the first floor of this large detached building.

Private space
Private Rooms 9
Lounge 1
Single Bedrooms 1
Double bedrooms 3
Private Kitchen 1
Bathrooms 1
Toilets 1
Office 1

Rent information

Annual rent £50,000 per annum
Weekly rent £961.54 per week fixed
Notes

£50,000 per annum, £961.59 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 £52,800 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).

Brokers £675 Legal £825
Deposit £6,000 Stocktaking fees £150
Fixtures & fittings £30,000 Working capital £10,000
Other costs £5,150 Total entry cost £52,800

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

Year Beer (Brls) Wine & spirits (Ltrs) Minerals (Ltrs)
2016/17 494 1,403 7,884
2015/16 584 1,963 8,482
2014/15 548 2,113 9,050
Volume notes

Location

Carlton is a suburb to the east of the city of Nottingham in the borough of Gedling. The population of the Gedling ward at the 2011 Census was 6,881. It is a densely populated area of Nottingham situated close to busy main routes around the city. The pub is on the main bus route into Nottingham city centre.

Facilities

Trade bar
Car park
Play area
Dining area
Function room
Pub garden
Trade kitchen
Trade patio

Current premises licence opening hours

Monday to Sunday - 09:00hrs- 00:30hrs

Contact Us

David McKie

Operations Manager

Call us today 01284 714 497

Apply online
“ The Inn For a Penny is a genuine hub of the community hosting regular events for local charities. It has a value pub food menu in operation and there is scope to widen this offer! ”