Inn For A Penny
146 Burton Road, Carlton, Nottingham, Nottinghamshire, NG4 3GP
This is a great community pub located in the suburbs of Nottingham which has recently had an external investment.
A fantastic opportunity to build on this friendly, traditional roadside pub with an already successful wet led business and an even greater opportunity to re-introduce a basic food menu and grow this area of the business. 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.
|Car park spaces||53|
|Child play areas||1|
Extensive and flexible accommodation located on the first floor of this large detached building.
|Annual rent||£40,850 per annum|
|Weekly rent||£785.58 per week fixed|
£40,850 per annum, £785.58 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 £22,800 which includes, 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 has been valued at just over £20,500 and is currently shown as roughly a 25% deposit of the full cost. An assisted purchase scheme can be used with the right operator*
|Fixtures & fittings||£5,000||Working capital||£5,000|
|Other costs||£5,150||Total entry cost||£22,800|
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)|
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.