Crusader Nottingham
Hartness Road, Clifton, Nottingham, NG11 8SGAgreement Type: Just Add Talent
View details for Crusader NottinghamRefurbishment Planned
Cuckoo Bush Gotham
Leake Road, Nottingham, NG11 0JL
Pub Code: 2302633101
Key Features
- Major Refurbishment Planned
- Fantastic beer garden
- Cask Ales
- Monthly entertainment
- Car Park
- 3-bedroomed private accommodation
Est Min Ingoing Costs: £39,536
Annual Rent: £24,143
More Information
Complete refurbishment planned
The Cuckoo Bush will undergo a major refurbishment to create a premium village local with great food. The lounge will have a full refurbishment including new floor coverings, fixed seating, lighting and bric a brac to create a much more comfortable and premium feeling dining space. The snug area will retain its existing tiled floor and open fires but be redecorated with a new window opening created to add visibility for customers entering using the side entrance and provide visibility into the bar/games area. This area will have its wooden floor refurbished as well as new wall coverings, light fitting and fixed seating.
Star Pubs & Bars investment will allow for new signage and lighting to the front and side elevations. Enhancements will be made to the fantastic rear garden and patio with new furniture and a new paved area with new covered pergola.
What would you do with this pub to make it a success?
The area
Town-centre location
The Cuckoo Bush is located in the centre of the Nottinghamshire village of Gotham. Gotham is a relatively small village, home to just over 1,300 adults who are mainly of mid to high affluence and typically 50+ years old. It is famous for its historical “Wise Men of Gotham” stories and for its connection to Batman’s Gotham City. There are two drinks-led pubs in the area, meaning there is no direct competition to the Cuckoo Bush.
The offer
The Cuckoo Bush is available on our investment tenancy agreement. Click here for more information on this agreement.
The potential in the pub lies in creating a real niche as the premium food pub in the village and building on its cask ale reputation to be the drinking connoisseurs local of choice. The site has vast amounts of space to capitalise on, with 90 covers in total, with approximately 40 in the lounge/dining area and 50 across the bar and snug areas. All we’re looking for is someone that understands the local community…
When refurbished, The Cuckoo Bush will appeal to a very broad spectrum of customers, including:
Locals and people from other surrounding villages looking for a fantastic, cosy, traditional pub serving home cooked food and being famous for its cask ales.
Once refurbished, the Cuckoo Bush will offer:
- Premium lagers and a great range of up to 5 cask ales alongside premium wines and spirits and a small range of cocktails.
- Home cooked pub classics
- Small coffee offering
- Monthly entertainment at weekends, alongside a good community rhythm of the week such as quiz nights.
We’re always open to new ideas, what would you do to drive trade?
If you’ve benefited from running or owning a pub business, we’d love to hear what experience you can bring.
The right operator for the pub will have extensive experience in a similar hospitality business. They will have a clear vision for their food & drinks menu, marketing strategy and entertainment offer and can create a memorable experience for their customers.
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…
Trading Area & Facilities
The Cuckoo Bush will be undergoing a refurbishment which will cover the interior and exterior of the pub.
A full list of works and pub floor plan can be found in the ‘refurbishment details’ in the downloads.
The pubs trading area and facilities post refurbishment will be:
- Main trading area with bar
- Separate snug
- 90 internal covers
- 50 external covers
- Catering kitchen
- Fantastic beer garden with covered pergola
- Car Park with 12 spaces
Applicants should be aware that all refurbishments are subject to final board approval which will be determined as part of the leasing process.
Where a significant investment is made in a pub by Star Pubs & Bars, an "Investment Exemption" will be required. The exemption means that the option of a Market Rent Option lease won't be available at rent review for a period of up to seven years for this site, as per The Pub CodePrivate Accommodation
Private accommodation consists of 3 bedrooms, a living room, kitchen and bathroom.
| Annual Rent | £ 24,143 |
| Estimated Annual Turnover | £ 350,164 |
| Deposit | £ 6,036 |
| Estimated Fixtures & Fittings Value | £ 25,000 |
| Estimated Stock Valuation | £ 5,000 |
| Estimated Working Capital | £ 3,500 |
| Estimated Total Ingoing Costs | £ 39,536 |
| Estimated Minimum Ingoing Costs | £ 39,536 |
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.
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:
Leake Road, Nottingham, NG11 0JL
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Freephone:
08085 94 95 96
Email us at
enquiries@starpubs.co.uk
Or visit
www.starpubs.co.uk
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