Run an Admiral Pub, Fairham Hotel, Nottingham

The Fairham Hotel is located in a residential area of Clifton which lies south of Nottingham central. The pub is situated on a large corner plot opposite Clifton Football Club playing field, in a densely populated residential estate. There has been significant development in the area with both retail and education benefiting from improvements to the transport links such as Derby Parkway train station and the East Midlands Airport nearby. Local amenities close by consist of playing fields, schools, leisure centres and supermarkets and the pub is only five minutes from Nottingham Trent University.

The Fairham is a three room operation comprising of a traditional tap room with loose & fixed seating, a sports area with a pool table, darts oche and a large lounge / function room catering for events and entertainment. There is also a small food preparation area ideal for sports teams and a back bar food offer. Each of the rooms has its own bar servery. Externally there is a large car park which can house twenty plus cars and to the front is an outside drinking patio. There is also a store room at the rear of the property and a large cellar.

Currently trading as a drinks focused pub, majoring with a draught keg offer as well as being supported by a selection of cask ales, a variety of bottled beers & ciders and a good range of spirits, soft drinks & wines. There is no food on offer at present but there is the opportunity to develop a simple snack food menu. Live sports and television events create a great community atmosphere as well as the local football team playing opposite the pub. The opportunity to have a resident pool and darts team would ensure a busy and active week alongside regular activities such as quiz night, bingo and popular karaoke and live music events.

The private accommodation consists of three bedrooms, lounge, kitchen, bathroom and a separate office. This can be accessed through the bar and an external entrance.

Financial:

• Annual Rent: TBC
• Security Deposit: £5,000 or the equivalent of three months’ rent, whichever is greater
• Working Capital: £5,000
• Stock: £3,000
• Business Rates: £Nil

Based on the April 2023 rating list, the Zero Rates Payable is based on small business rates relief being applied for by the licensee and the licensee only occupying one property for commercial purposes.

BDM Vision: This is an amazing opportunity for an individual or couple who have proven experience of running and operating community pub. Admiral Taverns needs someone who has the ambition and skills to take this established venue to the next level whilst providing a consistent service with great standards and the ability to run an efficient and well maintained business. You will need good social interaction and networking skills to further develop the offer and you will need to have an accomplished online marketing presence to attract and retain a wider range of clientele.

Additional Information:

• Annual Rent – This is our lowest rent figure associated with a Full Tie.
• Security Deposit – This sum of money will be held on your account and will be returned to you on exiting of the pub based on your final account balance and the condition of the property.
• Working Capital – This is a recommend amount required which will be used in the day-to-day running of the business.
• Stock – This will be valued by an independent valuer on the day you take over the pub.
• Fixtures & Fittings – This includes any item that is bolted to the floor or walls, and a fitting to be any item that is free standing or hung by a nail or hook.
• Training – £350.00 – Before signing a long term agreement, you will be required to attend our 7 Steps to Sales Success training programme.
• Service Charge Cost – £63.33 per week – The Admiral Taverns Premium Maintenance Package will help take care of your compliance and statutory obligations with one simple fee.