FindMyPub.com
No Private Accomodation
Property details
The Pit & Pendulum is one of Nottingham's most iconic and distinctive licensed venues, occupying a prominent city-centre position on Victoria Street. Inspired by gothic architecture, mystery and mythology, the pub delivers a truly immersive customer experience that sets it apart from anything else in the city. With its dark and atmospheric interior, themed trading spaces and unique identity, Pit & Pendulum has become a must-visit destination for locals, students, tourists and Nottingham's thriving nightlife audience.
The business successfully combines a strong drinks-led offer with food sales, late-night trading and regular entertainment, creating a venue that appeals across multiple occasions. Whether customers are visiting for cocktails, social occasions, live events, alternative nightlife or simply to experience one of Nottingham's most talked-about venues, Pit & Pendulum consistently delivers a memorable experience.
This is a rare opportunity to take on a destination business with a powerful brand identity, exceptional city-centre location and significant potential for further growth.
Private Accommodation
No Private Accommodation.
FindMyPub.com
Cask Ale
FindMyPub.com
Catering Kitchen
FindMyPub.com
Live Entertainment
Trading style
Pit & Pendulum requires a creative, entrepreneurial and highly energetic operator who understands experiential hospitality and the importance of creating memorable customer experiences.
While the venue already benefits from a unique concept and loyal following, there remains huge potential for an ambitious operator to take the business to the next level. The Pub Company are looking for someone who can bring fresh ideas, modern thinking and a genuine sense of theatre to the operation. Someone who understands how to create excitement both in venue and across social media.
This is an opportunity to introduce additional edge to an already iconic business. The successful operator could further develop themed events, immersive experiences, premium drinks activations, alternative entertainment concepts and innovative late-night occasions that strengthen the pub's destination status.
The ideal publican will recognise that customers are increasingly seeking experiences rather than simply places to drink. They will embrace the pub's unique identity whilst introducing contemporary touches that keep the offer relevant, exciting and commercially successful. For the right operator, Pit & Pendulum offers a blank canvas to build one of the most talked-about venues in Nottingham's nightlife scene.
Key financials
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Reference Number:
FH4FW1 / 500228
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Agreement Type:
Tenancy
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Min Ingoing Cost:
£38,335.00
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Annual Rent:
£150,000.00
The stated ingoing figures are correct at point of advertising. Please be aware there may be additional costs.
Please note that the Energy Performance Certificate is available from the landlord.
Business Details
| Forecast Turnover: | £1,549,288 pa |
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| Forecast Wet Turnover: | £1,376,511 |
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| Forecast Dry Turnover: | £171,295 |
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| Forecast Other Turnover: | £1,482 |
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| Guide Rent Annual: | £150,000 |
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| Turnover Rent Annual: | £54,569 |
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| Turnover Rent (%): Instead of a fixed monthly rent, you'll pay a base rent (guide rent demonstrated above)
plus a percentage of your net turnover (the percentage is demonstrated above). | 4 % |
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Financial Details
| Full Deposit: | £37,500 |
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| Agreement Fee: | £835 |
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| Repair Fund: | £77 pw |
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| Fixtures / Fittings: | £192 pw |
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