tenancy
Main Road, Cotgrave, Nottingham NG12 3HQ, UK
Approx. Total Ingoings
£22,850Annual Rent
£39,500The Rose & Crown is a traditional pub in the centre of the popular village of Cotgrave, six mile east of Nottingham. The pub has a great presence on the high street with passing trade, visitors and locals from the expanding village. Walking through the welcoming main entrance into the main bar with open fire, seating for up to 40 and a well laid out bar that will help any customer feel at home and relaxed. Leading off this area is the dining area with a further 40 covers which is easily accessed from the kitchen with large windows and access to the private enclosed beer garden to the rear of the building. The pub has excellent potential for an experienced food operator who can build trade throughout the week. To take the pub to the next level Stonegate are committed to investing both internally and externally into the offer allowing its full potential to be unlocked.
Private Accommodation: The private living accommodation comprises of three bedrooms and an open plan lounge and kitchen with access to a private terrace.
Indoor trading area
We are now proposing a full interior refurbishment over the next few months to a high standard enhancing the traditional pub feel, allowing both drinkers and diners to enjoy a great pub experience. There is currently comfortable seating both in the bar and restaurant for around 80 covers. The trade kitchen is easily accessible and will be enhanced to accommodate the food offer as part of the refurbishment.
Outdoor trading area
To the front of the pub is a great area for drinkers and diners to "watch the world go by" in the village centre. To the rear accessed from the dining room is a large beer garden with scope for more than 50 covers if desired with an enclosed grass, ideal for young families.
Regional Manager Comments
We would now like to offer you the rare opportunity to continue the journey of this successful pub with a full refurbishment to make the most of the customer demand locally. An experienced food operator is required to launch a fully refurbished business going forward.
Retail Partnership Tenancy
Beer Garden Private Accommodation Kitchen Parking Cask Ale Restaurant/Food
Approx. Total Ingoings
£22,850
Annual Rent
£39,500
Potential Turnover: £466,000 per annum
This is an estimate of the potential annual turnover of the pub business. It does not include the financial benefits of any living accommodation, which you will need to consider.
Guide Rent: £39,500 per annum, payable weekly in advance.
The Proposed Agreement: Retail Partnership Tenancy
The Landlord is prepared to discuss other Partnership agreements.
They will also discuss your purchasing options (Wines, spirits, cask, minerals and flavoured alcoholic beverages) which you can choose all, a combination or none. Tie release fees will apply.
Estimated Capital Start-up: £22,850 (excl VAT)
Often referred to as ingoings. Includes stock & glassware at valuation, deposit, refundable at the end of your agreement dependent upon your account being in good order. Up to 2 weeks rent and other contractual charges will be payable in advance. Please note, the actual deposit payable will be 25% of the final agreed rent.
In addition you will need to provide funds for professional advice and a level of working capital - the amount will be dependent on your business plan.
Estimated Fixtures and Fittings Value: £55,000 (excl VAT)
To be discussed with the Regional Manager.
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Originally formed in 2010 with 333 pubs, Stonegate Group is now the largest pub company in the UK following 12 major acquisitions. Our vast portfolio is now home to over 4,500 sites which range from Leased & Tenanted to Managed. We strongly believe that the pub is at the heart of British culture and we strive to deliver a fantastic customer experience.
