Lord Nelson

Thurgarton Street, Sneinton, Nottingham, Nottinghamshire, NG2 4FA

A POPULAR WET LED PUB - FREE OF TIE ON CASK ALE

The Lord Nelson is a popular 100% wet led pub, in the Nottingham suburb of Sneinton. This local’s pub operates at the heart of the local community and hosts local Darts and Pool teams as well as offering regular entertainment such as quiz nights. A new, enthusiastic operator with local knowledge and a passion for quality Ale and great service will be key to unlocking the future potential of the pub. There is a commercial kitchen onsite, however it has not been used for many years, so to re introduce the food offer would mean any new tenant would need to consider investing in this facility. Internally, the pub is quirky with various snugs and the man bar offering a traditional feeling, with the walls covered in brasses and pub games on offer. Externally there is a lovely beer garden, waiting for its potential to be unlocked.

Location

Sneinton is a village and suburb of Nottingham. The area is bounded by Nottingham city centre to the west, Bakersfield to the north, Colwick to the east, and the River Trent to the south. Sneinton now lies within the unitary authority of Nottingham, having been part of Nottinghamshire until 1877 The Lord Nelson is located in a heavily populated residential area.

Business Information

Annual rent

£18,000

Weekly rent

£346

Entry costs

£22,875

Turnover royalty

n/a

Forecasted Operator Turnover

£246,536

Forecasted Operator Profit (inc machine profit)

£23,479

Forecasted Operator Machine Profit

£1,500

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 One free of tie cask ale line The annual rent shown (£18,000 per annum) takes into consideration a machines supply concession. The annual rent will be £19,5000.00 if you prefer not to have Greene King supply machines to you)

Entry costs approximately £22,875.00, which includes stock, glassware, crockery, cutlery, fuel and cleaning materials, legal, brokers and stocktaking fees, training fees, schedule of condition, working capital and deposit which is 25% of head rent. Fixtures and Fittings are valued at approximately £9,000 and the final valuation will be confirmed on change day. 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

£9,000

Legal Admin Fee

£825

Broker Fee

£750

Stocktaking Fee

£150

Working Capital

£5,000

Other Costs

£1,150

Total Entry Costs

£22,875

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 2020 are for part year trading and reflect the impact of closure during the Covid 19 pandemic**

Year Beer (Brls) Wine & Spirits (Ltrs) Minerals (Ltrs)
2020 67 0 0
2019 169 0 0
2018 204 0 0

The trade area is small but tidy, with various snugs and one main bar, which houses the pool table. Externally, there is a pleasant beer garden which is mostly laid to lawn.

Trade Bars

1

Trade Dining Areas

0

Trade Kitchens

1

Trade Food Covers

0

Trade Gardens

0

Trade Patio Areas

0

Trade Rooms to Let

0

Meeting Rooms

0

External Child Play Areas

0

Function Rooms

0

Customer Car Park Spaces

0

Current Premises Licence Opening Hours

Sun-Thu: 05:00-00:30
Fri-Sat: 05:00-01:30

The accommodation is in good condition and comprises two bedrooms, kitchen, lounge, bathroom and office

Private Rooms

7

Lounge

1

Dining Rooms

0

Double Bedrooms

2

Single Bedrooms

0

Bathrooms

1

Toilets

1

Private Kitchens

1

Offices

1

Bedsits

0

BDM Portrait

I am seeking an enthusiastic couple or individual, looking for either their first or next pub business. The new operator will be able to engage and operate within the local community and drive the established wet led offer and potentially re introduce the food offer, as the pub has not offered food for the last ten years! If you have the enthusiasm and desire to grow this business, then please contact the recruitment team for further information.

Sarah Adams, Business Development Manager

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