Penny Black

Pond Hill, , Sheffield, South Yorkshire, S1 2BG

NEST PUBS, REFURB PLANNED

The Penny Black in Sheffield City Centre is set to become a Nest Franchise pub following an approximate £200,000 refurbishment. This particular pub is an ideal opportunity for an assistant manager to step up to run their own pub. The refurbishment will rejuvenate the pub transforming it to maximise the trading potential, focusing on live sport and entertainment, accompanied by a basic Pizza offer, served from the bar. The pub will trade at approximately 95% wet led and offer regular entertainment such as live music and quiz nights. The site has a strong trading history and we expect the new franchisee to be able to be at the heart of the pub, driving sales and maintaining the current high standards which are currently offered, taking the pub to the next level.

Location

Sheffield is a city in the county of South Yorkshire. Located in the heart of the city, the Penny Black is located beneath the post office sorting depot.

Business Information

Annual rent

£0

Weekly rent

£0

Entry costs

£7,000

Turnover royalty

n/a

Forecasted Operator Turnover

£457,600

Forecasted Operator Profit (inc machine profit)

£35,000

Forecasted Operator Machine Profit

£0

Average Beer & Cider Discount*

Type of Tie

Agreement

Nest Pub Franchise Agreement is an agreement for people who have Pub Management experience but are looking to find a simple way to run their own business without having a huge entry cost. You pay £3,000 entry fee and we take care of the property costs, energy bills and stock. We supply marketing, training, and ongoing support. In addition, you'll be paid 20% of weekly sales, known as the weekly turnover share, to cover your staffing costs. Bonuses and profit share schemes are available based on business performance and standards audits. Private accommodation is provided where available.

Entry cost of £5000 is payable on change day. This includes legal fees and start up training costs. An extra £2000 will be required as working capital, to ensure there is sufficient cash flow in the business before we make our first payment to you. You will be responsible for paying any staff wages including Employers National Insurance, liability insurances to protect the business and the public, TV licence and council tax for private accommodation.

Deposit

£0

Fixtures & Fittings

£0

Legal Admin Fee

£0

Broker Fee

£0

Stocktaking Fee

£0

Working Capital

£2,000

Other Costs

£5,000

Total Entry Costs

£7,000

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 420 910 4,502
2022 468 1,000 4,262
2021 297 772 3,626

As you enter the pub you will find a central bar with a sports zone to your right and lounge bar to the left. There is a courtyard to the rear. The pub will be fully refurbished to transform it into a Nest pub.

Trade Bars

1

Trade Dining Areas

0

Trade Kitchens

1

Trade Food Covers

60

Trade Gardens

0

Trade Patio Areas

1

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

Opening times TBC

The accommodation comprises 2 bedrooms, lounge, kitchen, bathroom, toilet 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

A Nest pub franchise offers people with pub management experience a great opportunity to step up and run their own pub, with reduced risk and potentially great reward. Nest pubs are 95% wet led and offer a simple Pizza food offer, served from the back of the bar, meaning no need for expensive kitchen staff. Nest pubs offer live sport, entertainment and a great drinks range, You will earn money in 3 different ways, comprising percentage of net turnover, audit bonus of up to £5,000 and profit share. As franchisee, you are responsible for paying your staffing costs, liability insurances and TV Licence/Council tax for the private accommodation. Greene King will pay for everything else, including Sky/TNT Sports and utilities.

Andy Wearn, Business Development Manager

Apply for this property

The Pub Partners team at Greene King is here to help you make the right decisions about starting your own pub business.