Manvers Arms Radcliffe Ontrent

Main Rd, Radcliffe On Trent, NG12 2AA

  • Manvers Arms Radcliffe on Trent
  • Manvers Arms Radcliffe on Trent
  • Manvers Arms Radcliffe on Trent
  • Manvers Arms Radcliffe on Trent
  • Manvers Arms Radcliffe on Trent
  • Manvers Arms Radcliffe on Trent
  • Manvers Arms Radcliffe on Trent

Manvers Arms Radcliffe Ontrent

Exciting Opportunity!

The Manvers Arms occupies an enviable position on the main road in Radcliffe on Trent. The refurbishment will allow the lessee to capitalise on the 6,100 affluent professionals living within one mile, looking for a great local bar with a strong food and drink offer. On top of this, local attractions including the National Water Sports Centre, Trent Bridge Cricket Ground and nearby golf courses will attract significant visiting custom.
Extensive Refurbishment Planned - An exciting refurbishment will transform the Manvers Arms into a premium destination venue and fantastic local's pub, maintaining its charming period features. Inside, the retainment of the grand bay entrance and bar area, complete with darts and a pool table, will ensure the pub remains a firm local favourite. Updating the dining and snug area will broaden its appeal. In addition, the upgraded beer garden will reposition The Manvers Arms to be an exceptional community pub with year-round appeal.
Post-refurbishment, The Manvers Arms has the potential to become a booming community pub with something for everyone. The lively bar, updated lounge, and new patio and pergola, will provide a space for locals to unwind and drink with friends. An improved coffee and lunch offer, outdoor children's play equipment and space for acoustic musicians in the evening will allow the incoming lessee to capitalise on trade at all points of the day.
Passionate, Innovative Community Operator Wanted

The future of the site is to promote a strong food & drink offer, engage with the locals to become a booming community pub with something for everyone..

This a fantastic opportunity to take on a pub business that's ready for refurbishment and growth. This project will significantly enhance the business' potential and we would like to see you bring your own ideas and flair to make the most of this great opportunity.



Pub Features

  • Rolling Tenancy
  • Car Parking
  • Refurbishment Planned
  • Catering Kitchen
  • Live Sports
  • Outdoor Trade
  • Private Accommodation
  • Pub Games
  • Weekly Billing
  • Monthly Billing

Trading Area & Facilities

Internally The bar area will be completely refurbished and redecorated with a mix of traditional and trendy finishes, with some of the existing furniture upcycled for added effect. This will create a fantastic space for local customers to enjoy casual drinking with friends and family. The bar servery will be refurbished in line with the pub's modern rustic charm. The dining area will be fully refurbished with premium and eyecatching new features, creating a light, airy space perfect for any occasion.

Extrnally the outdoor terrace will be enhanced to create an attractive area for customers to enjoy drinks and food long into the autumn months and relax in the beautiful surroundings.
The pub's exterior, lighting and signage will be updated to highlight site visibility, communicating the pub's refurbishment and enhancing kerb appeal. The transformation will be in line with the new look of the interior

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 Code (2016). '

Private Accommodation

Private Accommodation will consist of bedrooms, lounge, kitchen & bathroom. 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

Please refer to the Premises Licence for full details

Premises Licence Opening Hours

Mon Tue Wed Thu Fri Sat Sun
10:30 - 00:00 10:30 - 00:00 10:30 - 00:00 10:30 - 00:00 10:30 - 00:00 10:30 - 00:00 12:00 - 23:00

Financials

Annual Rent £
39,250
Estimated Annual FMOP (Licensee Profit) £
38,439
Representative HEINEKEN UK Brand Discount Per Barrel £
130
Estimated Annual Turnover £
521,527
Estimated Annual Barrelage
288

“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 £
30,000
Estimated Fixtures & Fittings Valuation Fee £
250
Estimated Stock Valuation £
10,000
Deposit Amount £
9,813
Rent In Advance £
755
Training Fee £
1,000
Estimated Designated Premises Supervisor / Manager Fee £
50
Premises Licence Fee £
180
Rates Assessment Fee £
55
Estimated Legal Fees £
650
Estimated Total Ingoing Costs £
52,753
Estimated Minimum Ingoing Costs £
48,727

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 £
984
Estimated Annual Maintenance Compliance Charge £
1,334
Estimated Annual Accountancy & Stocktaking Charge (including tills) £
6,108

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