Nags Head Scalby

35 High Street, Scarborough, YO13 0PT

  • Nags Head Scalby
  • Nags Head Scalby
  • Nags Head Scalby
  • Nags Head Scalby
  • Nags Head Scalby
  • Nags Head Scalby
  • Nags Head Scalby
  • Nags Head Scalby
  • Nags Head Scalby
  • Nags Head Scalby
  • Nags Head Scalby
  • Nags Head Scalby
  • Nags Head Scalby

Nags Head Scalby

Fantastic Opportunity - Popular Community Pub

The Nags Head is a much-loved local pub on the High Street of Scalby, a village on the north edge of Scarborough, North Yorkshire. The welcoming, traditional wet-led pub sits on a corner plot in this highly desirable residential area, with a number of local businesses nearby. This is the first time in 20 years the Nags Head has been available for lease and is unexpectedly being offered to the open market.

The Nags Head is a main feature of Scalby, offering an all-embracing comfortable environment for the local community to come together and enjoy a drink, with cask ale being particularly popular. Opportunities exist around the introduction of an improved wine and spirits selection and the development of the events calendar.

Do you love being part of the community?

We are looking for a new operator with good cask ale knowledge and the ability to engage with the local community, who loves village life. You will also ideally have good local knowledge.

Pub Features

  • Rolling Tenancy
  • Car Parking
  • Outdoor Trade
  • Private Accommodation
  • Cask Ale
  • Weekly Billing

Trading Area & Facilities

Internally, the Nags Head has a traditional pub decor, with a welcoming feel. The layout is open plan with a central bar and the trading areas wrapping around it. There are two entrances, the rear entrance leads into the 'public bar' with appealing leather button back seating and the front entrance leads into the 'lounge'.

The pub has a kitchen, however it is currently not in an operational condition.

Externally, the pub has a traditional stone facade with real kerb appeal. There is a small car park to the rear and picnic benches feature at the front and at the rear, providing additional appeal in the summer months.

Private Accommodation

The upstairs private accommodation consists of two large bedrooms, living area, kitchen and bathroom. There are an additional 4 bedrooms on the 2nd story of private accommodation, however these have restricted head space and no heating and are currently not in use - these may remain uninhabitable.

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
11:00 - 00:00 11:00 - 00:00 11:00 - 00:00 11:00 - 00:00 11:00 - 01:00 11:00 - 01:00 11:00 - 00:00

Financials

Annual Rent £
31,000
Estimated Annual FMOP (Licensee Profit) £
30,858
Representative HEINEKEN UK Brand Discount Per Barrel £
125
Estimated Annual Turnover £
340,019
Estimated Annual Barrelage
280

“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 £
2,430
Estimated Fixtures & Fittings Valuation Fee £
250
Estimated Stock Valuation £
4,000
Deposit Amount £
7,750
Rent In Advance £
596
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 £
16,971
Estimated Minimum Ingoing Costs £
11,778

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 £
TBC
Estimated Annual Maintenance Compliance Charge £
1,473
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