Wellington Inn

103 Nottingham Road, Eastwood, Nottinghamshire, NG16 3GH

MANAGEMENT CONTRACT OPPORTUNITY! PUB MANAGEMENT EXPERIENCE ESSENTIAL

The Wellington represents a great opportunity to translate your pub management experience into running your own pub business, with our Pub Ready scheme. You must have pub management experience and be prepared to be an integral part of the local community and able to drive and promote a regular calendar of events and really engage with the locals. You must be able to manage a strong team, promote the pub actively on social media and connect with the community regularly. The pub is located right on the High Street so the position is prominent with excellent footfall at all times of the day. This is a great opportunity to run your own business, whilst Greene King will offer all the support, training and guidance needed to translate your experience into running your own business.

Location

Business Information

Annual rent

£0

Weekly rent

£0

Entry costs

£5,000

Turnover royalty

n/a

Forecasted Operator Turnover

£320,812

Forecasted Operator Profit (inc machine profit)

£22,695

Forecasted Operator Machine Profit

£0

Average Beer & Cider Discount*

Type of Tie

Agreement

• 5 Year pub ready management contract • £20,000 per annum guaranteed management fee • Plus audit bonuses

Entry cost of £5,000 is payable on change day. This includes legal fees and start up training costs. An extra £2,000 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

£0

Other Costs

£5,000

Total Entry Costs

£5,000

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. **Please note trading volumes for year 19/20 are for part year trading and reflect the impact of closure during the Covid 19 pandemic**

Year Beer (Brls) Wine & Spirits (Ltrs) Minerals (Ltrs)
2019/20 270 0 42
2018/19 381 0 138
2017/18 407 1 315

This is a single room operation with a single bar servery. Externally there two excellent patio areas, with covered facilities for smokers, these offer a nice spot to enjoy a drink and watch the world go by

Trade Bars

Yes

Trade Dining Areas

No

Trade Kitchens

No

Trade Food Covers

0

Trade Gardens

No

Trade Patio Areas

Yes

Trade Rooms to Let

0

Meeting Rooms

No

External Child Play Areas

No

Function Rooms

No

Customer Car Park Spaces

15

Current Premises License Opening Hours

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

The private accommodation consists of: three bedrooms, lounge, kitchen, bathroom and office. There are also two storage areas

Private Rooms

7

Lounge

Yes

Dining Rooms

0

Double Bedrooms

2

Single Bedrooms

1

Bathrooms

1

Toilets

0

Private Kitchens

1

Offices

1

Bedsits

0

BDM Portrait

I am seeking an excellent local operator with pub management experience who could fit nicely into this properly local pub. To be successful, you will need to have local knowledge, engage with the locals and offer quality products and service. If you have the experience required and think you could make a success of this business, then please contact the recruitment team for further information.

Mark Horton, Business Development Manager

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