Run a Stonegate Pub - Silk Mill Derby, Derbyshire

About the Pub

The Old Silk Mill is a landmark venue, located within the historic Cathedral Quarter of Derby city centre. Historically it has been a daytime food led pub with evening trade drawn to its 'famed' and award-winning cask ale and traditional cider selection, alongside a cheerful welcome and two cosy real fires. The trading area has historically been one open plan space with designated bar, dining and snug areas. All of the areas are traditional in style and decorated to a high standard with open fires and a pool table. The pub is suitable for live music including acoustic and folk acts. The property also has the benefit of a trade kitchen which, although currently not used has the necessary equipment to supply traditional food. Stonegate Pub Partners are seeking an experienced, ambitious operator keen to take the business to its potential trading levels and to reinstate the Old Silk Mill to its place as Derby’s premier cask ale pub through excellent house standards and the implementation of a robust marketing plan.

Business Information

Agreement: Retail Partnership Tenancy
Capital Startup: Est. £16000
Fixtures / Fittings: Est. £25000
Guide Rent: £40000 pa
Potential Turnover: £588000 pa

Regional Manager's Thoughts

The current customer base is predominantly cask ale lovers, and the site should continue to be marketed towards these customers whilst also targeting the city's many visitors and tourists. Introduction of an appropriate food menu that will complement the real ale and the acoustic music is a potential opportunity. Stonegate Pub Partners is seeking an experienced, ambitious operator, keen to increase trading levels and to reinstate the Old Silk Mill to its place as Derby’s premier cask ale pub, through excellent house standards and the implementation of a robust marketing plan.

Surrounding Area

Being in the Cathedral Quarter of Derby city centre, the area is a hive of activity at night with a host of bars, pubs, nightclubs, and restaurants. The pub boasts great proximity to the banks of the River Derwent, a town with a vibrant café ‘culture, and a host of bars, pubs and restaurants. The Old Silk Mill has always enjoyed a mixed trade from customers visiting this specific site and general city centre trade, such as local office workers and shoppers.

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