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Cross Keys, Epperstone

Epperstone, NG14 6AD

1 / 12
Pub gallery image
Pub gallery image
Pub gallery image

Your investment

£14,000

Agreement Type

Long Term Agreement (5 Year Tenancy)
  • Ready to trade, established business
  • Spectacular outside space
  • Starting rent available of just £100 pw (net)

  • Community Local

  • Food Preparation Area

  • Open Fire

  • 3+ Private Bedrooms

  • Cask Ale

  • Kitchen

  • Letting Rooms

  • Car Park

  • Beer Garden

This is an exciting opportunity! We are seeking an experienced couple or individual with a strong background in food and a proven track record in a similar style of business. The ideal candidate(s) will possess excellent business acumen, strong marketing skills, and a commitment to maintaining the highest standards in both food and service. Consistency is key, ensuring every customer enjoys a top-quality experience. Creativity and innovation will also be essential. You’ll need to think outside the box to develop a weekly rhythm that appeals to a broad market. This includes introducing engaging food promotions, varied entertainment, and continuing popular events such as quiz nights while hosting community-focused activities.

This pub is really something special, opportunities like this do not become available very often.  The Cross Keys, is situated in the quaint village of Epperstone and is a well-regarded drinking and dining pub known for its welcoming atmosphere, delicious food, and traditional charm. Epperstone is a charming and historic village located in Nottinghamshire, within the Gedling district. It is situated about 7 miles northeast of Nottingham, making it an attractive spot for those seeking a quiet, rural setting within reach of city amenities.

Pub Layout

The Cross Keys boasts exceptional curb appeal and is presented in good condition throughout the entire site, inside and out.

Upon entering through the front door, you’re welcomed by a charming traditional wooden bar, well-stocked with a premium selection of lagers, cask ales, and fine wines. To the left, the tap room offers a cosy and inviting space, perfect for relaxing with family or friends over nibbles and drinks. This room features a darts board and a TV screen, ideal for enjoying sports events in a friendly atmosphere. To the right, you’ll find the lounge area, which accommodates around 40 covers. This space combines a relaxed sofa area with a variety of tables and chairs, set against a mix of carpeted and wooden flooring. The lounge also benefits from a traditional fireplace, enhancing the ambiance, particularly on chilly winter evenings.

Outside, the pub continues to impress with an expansive outdoor area. A large grassed section is complemented by a decked area, perfect for al fresco gatherings. The generous car park provides space for approximately 20 vehicles.

The Cross Keys is a beloved pub for both locals and visitors, blending the charm of a cosy pub with the appeal of a quality dining experience. A new licensee will have the exciting opportunity to build on the success of this thriving pub and the focus should be on serving high-quality, home-cooked meals, including weekend specials and the all-important Sunday roast. Promotional menus, such as lunchtime offers and “Fish Friday,” are likely to be warmly welcomed by the loyal customer base. Reviving popular midweek events, like the quiz night, and introducing new attractions, such as acoustic or soul music evenings, could further enhance the pub’s rhythm and appeal throughout the week. Externally, the pub’s vast potential truly shines. The expansive beer garden is an idyllic summer spot for hosting events like BBQs or charity fundraisers, providing a perfect setting for customers to enjoy food and drinks in the sunshine.

Private Accommodation

The Private accommodation consists of three bedrooms, kitchen , bathroom, sitting room and and office / store room. A perfect space for a family to call home.

Annual Rent: £28,850 (Stepped rent available – £5,200 pa (net) for 4 weeks, then £14,155 pa (net) for 4 weeks, then £21,623 pa (net) for 4 weeks)

Security Deposit: £5,000 or the equivalent of three months’ rent, whichever is greater

Working Capital: £4,000

Stock: £5,000

Fixtures and Fittings: To be confirmed upon valuation –  funding options may be available for the right licensee.

Tie: All drinks categories are tied.  For fully funded licensees on long term agreements, we offer free-of-tie options for certain drinks categories in exchange for an annual fee.

For a breakdown on financial information, please refer to the ‘Additional Info’ tab.

Annual Rent – This is our lowest rent figure associated with a Full Tie.  If the tie is reduced the effective rent (via Tie Release Fees) will increase.  Rent is billed and paid for weekly in advance depending on the payment terms agreed). On occasion, our Business Development Manager will discuss a start up rent which is discretionary to an individual pub and can be discussed.

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.  Our standard deposit is 25% of the headline rent.  On occasion, we can negotiate a lower security deposit with the aim to build up to our full deposit on a long term agreement.

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. This includes unbranded glassware, unopened bottles, wines, spirits, any unopened / opened kegs and cask ale providing the container is unopened.

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. This will also include furniture.

Tie: All drinks categories are tied.  For fully funded licensees on long term agreements, we offer free-of-tie options for certain drinks categories in exchange for an annual fee.

Training – £350.00 – Before signing a long term agreement, you will be required to attend our 7 Steps to Sales Success training programme.  Held online over two days, you will learn marketing and business strategies that will help you to grow sales in your pub – step-by-step.

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, whilst giving you piece of mind about your boiler and cellar cooling repair and replacement.  This also includes full access to e-learning for you and your staff.

*Zero Business Rates – Based on the April 2023 rating list, the Nil 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.  Please note, this only applies to pubs marked with an Asterix *

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Demographics Report

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This pub is currently closed.  We are actively seeking a passionate individual or team to take the reins and breathe new life into this pub. Alongside a strong support system, Admiral Taverns will be offering an excellent financial package to assist with re-opening this pub.

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