City Bar Derby

12 Albert Street, Derby, DE1 2DS

  • City Bar Derby
  • City Bar Derby
  • City Bar Derby
  • City Bar Derby
  • City Bar Derby
  • City Bar Derby
  • City Bar Derby
  • City Bar Derby
  • City Bar Derby

City Bar Derby

Traditional City Centre Bar

The City Bar is in the heart of Derby City Centre, situated along the main transport route of Derby. It is close to the markets, the Intu shopping centre and the Assembly rooms making it a convenient spot for commuters, shoppers and people coming into the city for a night out. It is also close to the Riverside where there are hotels and a casino and fairly close to the main bus station which links nearby cities to the centre, so it has the potential to attract extra footfall from visitors to the area.
Full of potential, the City Bar was previously run as a very sport-led pub with a mainly wet led focus. However, with the right operator, who has passion and creativity, there is an excellent opportunity to introduce a simple food offer, perfect to capture the extra footfall from shoppers, visitors to the area and not forgetting football goers.

It has the benefit of a late licence and therefore, can trade until the early hours. The pub has a great area for sports such as pool and darts, which can be converted to a dance floor of a weekend.

The weekends are where this business sees the majority of its custom, from people using the shopping centre, coming to watch the local football team or coming for a weekend or night away. This leaves a lot of untapped, midweek opportunities, again whether this be with offers or sport led.

Experienced City Centre Operator Wanted!

We are looking for an experienced operator with vision and passion to un-tap the potential at this perfectly located city centre pub. Catering skills would be an advantage to assist with the introduction of a simple food offer to suit both the day time and evening trade. If you think you have what it takes to maximise this pubs potential we want to hear from you today!

Pub Features

  • Rolling Tenancy
  • Business Start-Up Agreement
  • Car Parking
  • Catering Kitchen
  • Cask Ale
  • Weekly Billing
  • Monthly Billing

Trading Area & Facilities

Internally the City Bar is a one room layout with a separate zoned games area, hosting a pool table and darts board this area can double up as a dance floor at weekends. It is serviced by a long central bar and is traditionally decorated throughout with a mixture of booth and loose seating. There is also an opportunity for a commercial kitchen to be created in the residential area of the business, using the dumbwaiter by way of transporting the food from this level to the ground floor. Any spend with the kitchen would need to be fully supported by business plan and business case.

Externally the Pub has good kerb appeal and is accessed by the main street.

Private Accommodation

The accommodation is extensive with a number of rooms, bathroom and kitchen. In line with our Ready to Trade Promise, we will ensure the private accommodation is in good condition, so that you can focus on your business.

Premises Licence Details

For full licensing details please refer to the premises license.

Premises Licence Opening Hours

Mon Tue Wed Thu Fri Sat Sun
10:00 - 01:30 10:00 - 01:30 10:00 - 00:30 10:00 - 00:30 10:00 - 03:00 10:00 - 03:00 10:00 - 01:30

Financials

Annual Rent £
21,250
Estimated Annual FMOP (Licensee Profit) £
23,921
Representative HEINEKEN UK Brand Discount Per Barrel £
170
Estimated Annual Turnover £
492,048
Estimated Annual Barrelage
300

“The above figures are provided as a guide only and will be finalised as part of the commercial agreement (please download the rent model from Trading Information section for full financial details).

** All figures quoted are exclusive of VAT

*** FMOP = Fair Maintainable Operating Profit

Investment

Ingoing Costs
Estimated Licensee Fixtures & Fittings Value £
8,000
Estimated Fixtures & Fittings Valuation Fee £
250
Estimated Stock Valuation £
6,000
Deposit Amount £
3,000
Rent In Advance £
409
Training Fee £
1,000
Estimated Designated Premises Supervisor / Manager Fee £
50
Premises Licence Fee £
295
Rates Assessment Fee £
55
Estimated Legal Fees £
650
Estimated Total Ingoing Costs £
19,594
Estimated Minimum Ingoing Costs £
12,956

In order to ensure a successful start-up, all applicants must have a minimum £10,000 un-borrowed funds.

The Estimated Licensee Fixtures & Fittings (F&F) Value assumes that the pub will be let on a Rolling Tenancy or Business Start-Up Agreement, where we own the majority of the F&F. The F&F Value for Full Repairing & Insuring Leases will be significantly more.

The calculation of the Estimated Minimum Ingoing Costs assumes a minimum deposit of 1 month's rent or £3,000 (whichever is greater) and that fixtures and fittings (F&F) are rented. The subsequent deposit build up and F&F rental costs are not included in the rent model or ongoing costs below.

Other SP&B Ongoing Charges
Estimated Annual Buildings Insurance £
1,451
Estimated Annual Maintenance Compliance Charge £
0
Estimated Annual Accountancy & Stocktaking Charge (including tills) £
4,908

The above figures are provided as a guide only and will be finalised as part of the commercial agreement (please download the rent model from Trading Information section for full financial details)

* All figures quoted are exclusive of VAT

** Deposit build up will be payable over a maximum of 24 months

*** Fixtures and Fittings annual rental fee should be estimated at 15% of the F&F value. The actual F&F value will be determined on the day of entry

**** Maintenance Compliance Charge relates to the fees for various statutory inspections

***** Estimated Legal Fees is a charge applied to your account by SP&B for creation of your Lease. You are required to engage and pay for your own solicitor - your solicitor's fees are not included in the above estimate

****** The above figures assume that rent is billed weekly in advance and that Star Pubs & Bars retain ownership of large fixtures and fittings. Initial costs for a Fully Repairing and Insuring lease will be higher as rent is invoiced monthly in advance and all fixtures and fittings must be purchased