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Cross Keys Ockbrook

3, Green Lane, Derby, DE72 3SE

Pub Code: 2301873101

Key Features

  • Foundation Tenancy
  • Established Village Pub
  • Cask Ales
  • Live Sport
  • Beer Garden
  • Private Accommodation

Est Min Ingoing Costs: £11,100

Annual Rent: £19,201

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More Information

Cask led pub in the affluent village of Ockbrook

The Cross Keys is located in the affluent village of Ockbrook, a sought-after location within the suburbs of Derby. The pub is surrounded by residential housing.

Demographics

The pub benefits from being one of 4 pubs found in an area of around 1,179 adults. The diverse customer base is made up of professional families with children, along with a good proportion of mature couples and seniors.

The Offer

Available on our foundation tenancy agreement. Click here for more information on this agreement. The potential of this pub lies in maintaining a strong wet/dry 90/10 food & drinks offer. What food & drinks would you look to implement in the pub?

The site currently has the ability to drive trade via their wet offer and live sports. We’re always open to new ideas, what would you do to drive trade?

Attitude is more valuable than experience. If you’ve got the following, we’d love to hear from you.

  • Understanding of the local community
  • Understanding of how to build a successful business
  • Ability to engage with customers from behind the bar

If this sounds like the incredible pub opportunity you’ve been waiting for, apply today and tell us what you can bring to this pub’s next chapter…

  • Foundation Tenancy

  • Catering Kitchen

  • Live Sports

  • Cask Ale

  • Outdoor Trade

  • Private Accommodation

Trading Area & Facilities

  • Main trading area with bar
  • 26 internal covers
  • 50 external covers
  • Small functional kitchen
  • Pleasant beer garden
  • Car park for with space for 6 cars

Private Accommodation

Private accommodation consists of 1 bedroom, a living room, office and bathroom. Where required there will be appropriate works carried out in line with the Star Pubs & Bars Ready to Trade promise.

Annual Rent £
19,201
Estimated Annual Turnover £
303,423
Deposit £
4,800
Estimated Fixtures & Fittings Value £
8,000
Estimated Stock Valuation £
6,000
Estimated Working Capital £
3,500
Estimated Total Ingoing Costs £
22,300
Estimated Minimum Ingoing Costs £
11,100
The above figures are provided as a guide only and will be finalised as part of the commercial agreement. All figures quoted are exclusive of VAT.

Estimated Working Capital is an estimate of key start-up costs such as professional fees, training fee, premises license fee, F&F valuation fee & till floats. There will be additional ongoing charges payable during the term of the agreement such as property maintenance, repairs fund, SmartDispense. These costs will be outlined prior to completing a business plan and finalised at Heads of Terms.

The calculation of the Estimated Minimum Ingoing Costs assumes a minimum deposit of 1 month's rent and that fixtures and fittings (F&F) are rented. The subsequent deposit build up and F&F rental costs should be included in your financial assumptions in your business plan. Note that on FRI and Investment Tenancy Agreements deposits will always be 3 month's rent in advance and fixtures and fittings (F&F) must always be purchased. A deposit of 6 month's rent will be required for operators trading under a Limited Company with no Guarantors. In order to ensure a successful start-up, all applicants must have a minimum £10,000 un-borrowed funds.

Location:

3, Green Lane, Derby, DE72 3SE

Google map location image of Cross Keys Ockbrook