Cross Keys Ockbrook
3 Green Lane, Derby, DE72 3SEAgreement Type: Foundation Tenancy
View details for Cross Keys OckbrookNew Deal
Olympic Hotel Draycott
Station Road, Derby, DE72 3QB
Pub Code: 2302424101
Key Features
- Recently refurbished
- Extensive outdoor space
- Catering Kitchen
- Large Private Accommodation
Est Min Ingoing Costs: £13,390
Annual Rent: £15,561
More Information
Attractive New Deal - BDM support with 50% rent in year one, £0 business rates, lower ingoing costs and high discount on draught beers.
Recently refurbished, the Olympic Hotel has been given a new lease of life. Extensive outdoor trading areas, heated to give customers that outdoor trading experience all year round.
What would you do with this pub to make it a success?
The area
The Olympic Hotel is located in the village of Draycott, close to Long Eaton. The pub is surrounded by mixed housing and benefits from being one of 3 pubs found in an area of around 2,391 adults. The diverse customer base is made up from a range of singles, young couples and families.
The offer
Available on our foundation tenancy agreement. Click here for more information on this agreement. The potential of this pub lies in developing a competitive 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 live sports, live entertainment and selection of pub games, such as pool, and darts. It offers a selection of cask ales, popular beers, ciders, wines and spirits, a pub classic menu and coffees.
Refurbished in October last year, the pub offers a welcoming atmosphere with a fantastic outdoor trading space and children’s play area.
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…
Special Offer – unlike standard terms for Investment Tenancies, we are offering the option to rent the Fixtures & Fittings on this pub in exchange for a six months’ deposit. We are also happy to discuss a deposit build up as part of the negotiations.
Trading Area & Facilities
- Two trading areas with central bar
- Mix of low, medium & high-level seating
- 60 internal covers
- 100 external covers
- Medium-sized catering kitchen
- Smart Dispense
- Large gardens to rear and side and with children’s play area
- Heated pergola
- Car park with 15 spaces
Private Accommodation
Private accommodation consists of 3 bedrooms, a living room, kitchen, bathroom and office Where required there will be appropriate works carried out in line with the Star Pubs & Bars Ready to Trade promise.
| Annual Rent | £ 15,561 |
| Estimated Annual Turnover | £ 241,690 |
| Deposit | £ 7,781 |
| Estimated Fixtures & Fittings Value | £ 30,000 |
| Estimated Stock Valuation | £ 6,000 |
| Estimated Working Capital | £ 3,500 |
| Estimated Total Ingoing Costs | £ 47,281 |
| Estimated Minimum Ingoing Costs | £ 13,390 |
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:
Station Road, Derby, DE72 3QB
More properties in this region
Corner Pin (to be re-named the Chellaston Arms)
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View details for Corner Pin (to be re-named the Chellaston Arms)
Cap & Stocking Kegworth
20 Borough Street, Derby, DE74 2FFAgreement Type: Foundation Tenancy
View details for Cap & Stocking KegworthTo apply for this pub or for additional information, please contact us directly
Freephone:
08085 94 95 96
Email us at
enquiries@starpubs.co.uk
Or visit
www.starpubs.co.uk
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