Property Description
Stunning village pub in an affluent village location.
The Salutation has been refurbished to a high standard, where modern design meets traditional charm. Well known for great food and drinks, whether you’re in the main pub or lovely garden you’re sure to have a great experience.
What would you do with this pub to make it even more of a success?
The area:
The Salutation is in the lovely village of Keyworth, located about six miles southeast of Nottingham. The pub itself is located at the south end of the village, surrounded by rural housing.
With a population of over 7300, Keyworth is a large affluent satellite village for Nottingham commuters and close to other Nottingham satellite suburbs of Ruddington and Cotgrave. Competition in the village is limited, with just two other pubs, each offering something different from the Salutation.
Demographics:
Situated in a thriving community with approximately 2,000 adults within a 10-minute walk time of the pub. The Salutation is one of only three pubs in the area, offering a unique business opportunity. With an affluent customer base and a well-balanced mix of ages, primarily in the 45–64 bracket. The pub benefits from a loyal customer base and strong local demand.
The Offer:
Available on our foundation tenancy agreement. Click here for more information on this agreement. The potential of this pub lies in maintaining a strong 40:60 food & drinks offer. What food & drinks would you look to implement in the pub?
It offers a great selection of cask ales, popular beers, ciders, wines and spirits, with great food and Sunday lunches.
We’re always open to new ideas, what would you do to drive trade?
If you’ve benefited from running or owning a pub business, we’d love to hear what experience you can bring.
The right operator for the pub will have extensive experience in a destination food outlet hospitality business. They will have a clear vision for their food & drinks menu, marketing strategy and entertainment offer and can create a memorable experience for their customers.
Main trading area with bar & two snug areas
Dining room near to the bar with Bi fold doors onto the garden area.
90 internal covers
100 external covers
Medium sized kitchen
Outside storage area
HEINEKEN SmartDispense
Large patioed garden
Car park with 40 spaces
Private accommodation consists of 3 bedrooms, a living room, bathroom and kitchen.
Premises license available on request.
Agreement Type
Foundation Tenancy
Property Facilities
Kitchen
Outdoor Trade
Parking
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
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.
MISREPRESENTATION ACT 1967
My Hospitality Solutions Ltd advises that the contents of these particulars are believed to be correct and Lessees should satisfy themselves that they are accurate.
The information and images displayed about the properties advertised comprise a property advertisement only. My Hospitality Solutions Ltd is not liable for the accuracy or completeness of the advertisement or any linked or associated information and My Hospitality Solutions Limited has no control over the content.
