Run a Star Pub - Newmarket Hotel Nottingham - Nottingham

Star Pubs Leased & Tenancy; Nottingham; On-site; GBP 52,000; Full time

Job summary

A well-established pub group is seeking an experienced operator for a refurbished heritage pub in Nottingham. The ideal candidate will have extensive experience in hospitality and the ability to create an inviting atmosphere. This opportunity requires creativity and a vision for drinks and entertainment. Competitive annual rent of £39,750 with strong turnover potential. Apply today to influence this significant pub's future.

Benefits

Private accommodation

Refurbishment planned

Potential music venue

Qualifications

• Extensive experience running or owning a pub business.
• Ability to develop a successful pub atmosphere.
• Open to new ideas to drive trade.

Responsibilities

• Manage the pub's operations and staff.
• Create and implement strategies to attract customers.
• Ensure outstanding customer service and experience.

Skills

Experience in high street hospitality

Ability to create a memorable customer experience

Clear vision for drinks and entertainment

Job description

Overview

Pub Overview: Refurbished heritage pub in Nottingham city centre. The Newmarket offers a great opportunity for someone who wants to take on a well-backed, newly refurbished pub with plenty of potential. This is a heritage pub dating back to 1929, restored to blend traditional design with warm, nostalgic touches and modern features. The refurbishment will deliver a high-end, traditional city centre pub designed to attract a wide customer base — from after-work socialisers and couples on date nights, to students, professionals and tourists. We’re open to new ideas and would love to hear what you could bring to drive trade.

If you’ve benefited from running or owning a pub business, we’d value what experience you can bring. The right operator will have extensive experience in high street hospitality, a clear vision for drinks, entertainment and atmosphere, and the ability to create a memorable experience for customers. 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.

The Area

The pub benefits from being one of many in Nottingham city centre, with a population of over 329,000 and a significant student base of 62,000 across three universities. The customer base is a broad mix of young, midlife and mature adults, from locals to students and visitors. Located on Lower Parliament Street, adjacent to the Victoria Centre shopping complex and close to the Lace Market Conservation Area, the Newmarket is easily accessible by foot, bus or tram and benefits from strong footfall and city centre activity.

The Offer

The Newmarket is available on our investment tenancy agreement. Click here for more information on this agreement.

This is a heritage pub dating back to 1929, being restored to blend traditional design with warm, nostalgic touches and modern features. The refurbishment will deliver a high-end, traditional city centre pub designed to attract a wide customer base - from after-work socialisers and couples on date nights, to students, professionals and tourists.

What would you do to drive trade?

We’re always open to new ideas. 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 Newmarket will have extensive experience in high street hospitality businesses. They will have a clear vision for their drinks, entertainment and atmosphere and can create a memorable experience for their customers.

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.

Features

• Investment Tenancy
• Refurbishment Planned
• Music Venue
• Outdoor Trade
• Private Accommodation

Trading Area & Facilities

The Newmarket will be undergoing a refurbishment which will cover the full internal and external areas of the pub. A full list of works and pub floor plan can be found in the “refurbishment details” in the downloads. The pub’s trading area and facilities post refurbishment will be:

• Main trading area with bar
• Entertainment and live music areas
• HEINEKEN SmartDispense
• Garden space
• Private accommodation

Applicants should be aware that all refurbishments are subject to final board approval which will be determined as part of the leasing process. Where a significant investment is made in a pub by Star Pubs, an "Investment Exemption" will be required. The exemption means that the option of a Market Rent Option lease won't be available at rent review for a period of up to seven years for this site, as per The Pub Code (2016).

Private Accommodation

Private accommodation is available.

Pub Financials

Estimated Total Ingoing Costs: £51,438

Estimated Minimum Ingoing Costs: £51,438

Annual Rent: £39,750

Estimated Annual Turnover: £539,248

Deposit: £9,938

Estimated Fixtures & Fittings Value: £2,800

Estimated Stock Valuation: £10,000

Estimated Working Capital: £3,500

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 accounts for start-up costs such as professional fees, training, license, FF valuation and till floats. Ongoing charges during the term (e.g., maintenance, repairs fund, SmartDispense) will be outlined prior to finalising a business plan and Heads of Terms. The calculation assumes a minimum deposit of 1 month’s rent and that fixtures and fittings are rented; deposits will be 3 months rent for FRI and Investment Tenancy Agreements, and 6 months rent for operators trading under a Limited Company with no Guarantors.

Note that applicants must have a minimum £10,000 un-borrowed funds.

Downloads

• Demographics Report Download arrow
• Energy Performance Certificate Download arrow
• Refurbishment Details Download arrow