Foresters Arms
Main Street, Newthorpe, Nottingham, Nottinghamshire, NG16 2DN
A POPULAR COMMUNITY LOCAL
The Foresters Arms at Newthorpe is a lovely community pub, with a loyal band of daytime locals, function room and a popular Sunday carvery. We are looking for a new partner who can build a community wet led offer, introduce community activity 7 days per week including team and charity activity, drive Sky Sports, and attract new customers. The pub also benefits from a lovely beer garden, which could certainly be used more to drive sales during the warmer weather. The pub trades at 80% drinks led, but there is the opportunity to grow the food offer via good quality pub classics and changing specials board.
Bar
Dining areas
Function rooms
Garden
Kitchen
Patio
Location
Newthorpe is a village in the English county of Nottinghamshire. It is in the Broxtowe Borough Council ward of Greasley. It forms part of the borough of Broxtowe being east of, and contiguous with, the town of Eastwood.
Business Information
Annual rent
£19,000
Weekly rent
£365
Entry costs
£21,875
Turnover royalty
n/a
Forecasted Operator Turnover
£375,528
Forecasted Operator Profit (inc machine profit)
£24,803
Forecasted Operator Machine Profit
£2,000
Average Beer & Cider Discount*
£180
Type of Tie
Full tie: Access to Discounted Wines, Spirits & Minerals Price List
Agreement
Standard Tenancy Agreement. A fixed 5 year term.
Entry cost is approximately £21,875 which includes Fixtures & Fittings at 25% of estimated valuation, stock, glassware, cutlery, crockery, fuel and cleaning materials, legal, brokers and stocktaking fees, training fees, schedule of condition, working capital and deposit. Please note Fixtures and Fittings are estimated at approximately £20,000. An assisted purchase of F&F may be available with a 25% deposit on change day and weekly re payments to purchase the remaining 75% over an agreed period.
Deposit
£6,000
Fixtures & Fittings
£5,000
Legal Admin Fee
£825
Broker Fee
£750
Stocktaking Fee
£150
Working Capital
£8,000
Other Costs
£1,150
Total Entry Costs
£21,875
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. All figures represent products bought from Greene King only. **Please note trading volumes for year 2021 are for part year trading and reflect the impact of closure during the Covid 19 pandemic**
| Year | Beer (Brls) | Wine & Spirits (Ltrs) | Minerals (Ltrs) |
|---|---|---|---|
| 2023 | 229 | 1,308 | 5,330 |
| 2022 | 257 | 1,184 | 5,253 |
| 2021 | 178 | 1,002 | 1,760 |
This is a two room operation, with central bar and first floor function room. There is a lovely beer garden, with covered seating area and additional area laid to lawn. There is car parking for 15 cars
Trade Bars
1
Trade Dining Areas
1
Trade Kitchens
1
Trade Food Covers
40
Trade Gardens
1
Trade Patio Areas
1
Trade Rooms to Let
0
Meeting Rooms
0
External Child Play Areas
0
Function Rooms
1
Customer Car Park Spaces
15
Current Premises Licence Opening Hours
Sun-Thu: 05:00-00:30
Fri-Sat: 05:00-01:30
The accommodation comprises 3 bedrooms, lounge, kitchen, toilet, bathroom and office.
Private Rooms
8
Lounge
1
Dining Rooms
0
Double Bedrooms
3
Single Bedrooms
0
Bathrooms
1
Toilets
1
Private Kitchens
1
Offices
1
Bedsits
0
This should be an owner operator business and a couple with front and back of house skills would be ideal. You'll need to be at the heart of the local community and serve food 7 days a week with great daytime and evening activities to keep the customers coming back for more.
Sarah Adams, Business Development Manager
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