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For Companies At a Glance
- Tasks: Take charge of a newly refurbished pub and drive its success with your creative ideas.
- Company: Join Star Pubs, a leader in the hospitality industry.
- Benefits: Private accommodation, investment opportunities, and a vibrant city centre location.
- Why this job: Shape the future of a heritage pub and create memorable experiences for diverse customers.
- Qualifications: Experience in high street hospitality and a clear vision for drinks and entertainment.
- Other info: Exciting refurbishment planned, with strong footfall and a significant student base nearby.
The predicted salary is between 36000 - 60000 £ per year.
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.
What would you do with this pub to make it even more of a success?
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, benefitting 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.
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 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
Pub Financials Icon
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 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.
Downloads
- Demographics Report Download arrow
- Energy Performance Certificate Download arrow
- Refurbishment Details Download arrow
Run a Star Pub - Newmarket Hotel Nottingham - Nottingham employer: Star Pubs Leased & Tenancy
Contact Detail:
Star Pubs Leased & Tenancy Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Run a Star Pub - Newmarket Hotel Nottingham - Nottingham
✨Tip Number 1
Get to know the local scene! Spend some time in Nottingham, especially around the Newmarket pub. Chat with locals and students to understand what they love about the area and what could be improved. This will help you tailor your vision for the pub.
✨Tip Number 2
Show off your personality! When you apply, let your passion for hospitality shine through. Share your ideas on how to create a vibrant atmosphere and attract a diverse crowd. We want to see your unique flair!
✨Tip Number 3
Network like a pro! Connect with other pub owners or industry professionals in Nottingham. Attend local events or join online groups. Building relationships can open doors and give you insights into running a successful pub.
✨Tip Number 4
Don’t forget to apply through our website! It’s the best way to ensure your application gets noticed. Plus, we’re always looking for fresh ideas, so make sure to highlight what you can bring to the Newmarket's next chapter.
We think you need these skills to ace Run a Star Pub - Newmarket Hotel Nottingham - Nottingham
Some tips for your application 🫡
Show Your Passion: When you're writing your application, let your enthusiasm for the pub industry shine through! We want to see how excited you are about taking on the Newmarket and what unique ideas you have to make it a success.
Tailor Your Experience: Make sure to highlight any relevant experience you have in hospitality or running a pub. We’re looking for someone with a clear vision, so share specific examples of how you've created memorable experiences for customers in the past.
Be Creative: Don’t be afraid to think outside the box! We love new ideas, so if you have innovative concepts for drinks, entertainment, or atmosphere, include them in your application. Show us how you can drive trade at the Newmarket!
Apply Through Our Website: Ready to take the plunge? Make sure to apply through our website for the best chance of getting noticed. We can’t wait to read your application and see what you can bring to this incredible opportunity!
How to prepare for a job interview at Star Pubs Leased & Tenancy
✨Know Your Audience
Before the interview, take some time to research the local demographic and customer base of the Newmarket. Understand what appeals to students, professionals, and tourists alike. This knowledge will help you tailor your ideas for the pub's success and show that you're genuinely interested in the community.
✨Bring Your Vision
Prepare a clear vision for the pub's atmosphere, drinks menu, and entertainment options. Think about how you can blend traditional elements with modern touches to attract a diverse crowd. Presenting a well-thought-out plan will demonstrate your commitment and creativity.
✨Showcase Your Experience
If you've run or owned a pub before, be ready to share specific examples of your successes and challenges. Highlight any innovative strategies you've implemented that increased footfall or customer satisfaction. This will give the interviewers confidence in your ability to manage the Newmarket effectively.
✨Ask Thoughtful Questions
Prepare some insightful questions about the refurbishment plans and the pub's future direction. This shows that you're not just focused on your own ideas but are also interested in collaborating with the company to drive trade and enhance the pub's reputation.
