55 Main Street, Kimberley, Nottinghamshire, NG16 2NG
Flexible tenancy options available on this great community pub with the added bonus of additional first year support! If you are looking for a traditional tenancy or if you have a passion for cask ale and want to embrace the Lord Clyde's exciting development to a Cask & craft beer offer style this pub could be for you.
This is a great community local pub situated on the main high street in Kimberley. It is perfectly located to benefit from a high level of passing trade along the High Street and with Sainsbury's opposite this presents a great opportunity for good daytime trade. The Clyde is well supported locally and has a great reputation for cask ale with the current landlord offering up to 8 different cask ales.
We are looking for an enthusiastic local operator or couple with a passion for cask ale. We are keen to further develop the Clyde with both an internal and external refurbishment and keen to work with a new operator to create a stronger traditional cask ale pub and would also expect the new operator to look to further develop a good traditional pub food menu.
The Clyde is a one-bar operation with a fantastic and well presented external drinking area. The kitchen is compact but well positioned to service the main trading area.
The private accommodation is currently of a fair standard.
|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, which is capped. Paid weekly by direct debit.
Entry Costs approx £15,800 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). Please note the F&F is showing 25% of the full cost however the F&F is also still to be valued.
|Fixtures & fittings||£12,500||Working capital||£4,000|
|Other costs||£4,150||Total entry cost||£28,300|
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
•100% profit of machines income
•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 main High Street in Kimberley the Clyde is perfectly located to benefit from a large amount of passing and local trade. There is a fairly large housing estate to the rear of the pub and the Clyde is part of a circuit of pubs on the main High Street.