FindMyPub.com
Beer Garden
FindMyPub.com
External Drinking Area
FindMyPub.com
No Private Accomodation
FindMyPub.com
Letting Rooms
FindMyPub.com
Car Park
FindMyPub.com
Childrens Play Area
Property details
The Idle Valley Tap is located in Retford, a thriving market town in north Nottinghamshire positioned between Sheffield and Lincoln. The town benefits from a population of more than 24,000 people and attracts visitors to its historic market, town centre, St Swithun’s Church and the wider Idle Valley area. Its prominent location on Carolgate places the pub in an excellent position to benefit from both local trade and visitors to the town.
Operating from a spacious open-plan layout, the pub combines a lively atmosphere with a strong daytime trade and plenty of opportunity to grow evening sales. A pool table sits within the main bar area, helping to support regular activity and providing a focal point for customers.
A key feature of the business is its 10 letting rooms, which have received multiple industry awards and provide an established accommodation offer alongside the pub operation. The pub has also won awards for its cask ale offer and community involvement, reinforcing its position at the heart of local life.
Outside, customers can enjoy a popular seating area overlooking the high street and passing footfall. There is clear opportunity to further enhance this space and create an even stronger outdoor offer in the future.
There is no private accommodation included with this opportunity; however, as part of the proposed investment plans, there may be the opportunity to create private accommodation through the conversion of some existing letting rooms, subject to full approval and agreement on the future development of the business.
FindMyPub.com
Cask Ale
FindMyPub.com
Team Games
FindMyPub.com
Pool Area
Trading style
The Idle Valley Tap occupies a prominent position at the end of Retford’s main high street and has built a strong reputation as one of the town’s most popular community pubs
Subject to full approval, significant investment is earmarked for the Idle Valley Tap, with plans focused on enhancing the pub’s appearance, customer areas, and outdoor space.
While an investment scheme has already been identified, the landlords are keen to work alongside the successful operator to help shape the final plans and ensure the pub reaches its full potential from day one.
This opportunity will suit a genuine community operator who enjoys becoming part of local life and building strong relationships with customers.
Someone who can balance the accommodation business alongside the pub operation will do well here, maintaining high standards across both elements of the business. Strong organisation, attention to detail and an ability to create a welcoming environment will be key to success.
A hands-on operator who takes pride in quality cask ale, customer service and community engagement will be well placed to build on the pub’s existing reputation and continue its success.
Key financials
-
Reference Number:
9MTS0A / 326145
-
Agreement Type:
Tenancy
-
Min Ingoing Cost:
£7,875.00
-
Annual Rent:
£30,000.00
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.
Financial Information:
- Deposit = £7,500
- Legal Fees = £375
- Maintenance Fund Per Week = £40
- Fixtures and Fittings Weekly Rent = £58
- Working Capital = £6,000 - £8,000
Business Information:
- Annual Rent = £30,000
- Forecasted Annual Wet Turnover = £445,125
- Forecasted Annual Letting Room Turnover = £61,425
- Forecasted Annual Other Turnover = £3,337
- Agreement = Flexible Tenancy