•The Little John is a well-established, large destination food pub situated on a busy main road in the affluent area of Ravenshead.
•The pub is presented to a very high contemporary standard both internally and externally. There are several smaller trading areas all serviced by a central bar and a separate function room too. The pub benefits from a good sized commercial kitchen, substantial car park and an outdoor area to the front and rear.
•The Little John attracts customers from the surrounding areas of Nottingham and Mansfield for the quality dining experience. Developing function trade and drinking trade would enable to the new operator to grow the business.
•The pub is currently trading at £10,000 per week, split 70/30 in favour of food.
•The private accommodation offers three bedrooms.
Barrelage Discount £50
Fair Maintainable Turnover* £624,000 p.a.
Ingoing Costs**** £20,475
Working Capital £5,000
Training Fee £550 + VAT
Security Deposit £9,725
Stock and Glassware £5,000
Legal fees £360+VAT
Initial Contractual Costs ***
Rent £49,000 p.a.
Service charge £1,350 p.a.
Decorating fund £2,000 p.a.
Insurance £500 p.a.
Once you’ve agreed the purchase terms for the fixtures and fittings you will not be charged for any additional ingoing costs by Marston’s, other than those detailed above.
*Figure taken from Marston’s rent assessment
**An estimated figure and subject to completion within 8 weeks
**The ongoing contractual costs will vary in accordance with the terms of the specific agreement.
****You will also need to obtain independent advice from a qualified accountant, a RICS qualified surveyor and a qualified solicitor at your own cost
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