Property Description
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 wet/10 dry 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.
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 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.
For the full licensing details, please refer to the premises license.
Agreement Type
Foundation Tenancy
Property Facilities
Kitchen
Children's Play Area
Live Sports
Pub Games
Cask Ale
Outdoor Trade
Private Accommodation
Property Financials
Additional Information
In order to ensure a successful start-up, all applicants must have a minimum £10,000 un-borrowed funds.
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 are not included in the rent model or ongoing costs below.
Note that on FRI 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.
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
** 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 are provided as a guide only and will be finalised as part of the commercial agreement.
All figures quoted are exclusive of VAT
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.
* 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
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