- Recruiter
- Star Pubs & Bars Leased & Tenancy
- Location
- High Street, Coventry, CV8 3EY
- Salary
- To be discussed
- Ref
- 836441783
- Starts
- Closes
Pub Overview
Traditional Village Pub
The pub itself is located at the heart of the village of Ryton-on-Dunsmore. Ryton has a population of circa 1,800 and is easily accessed from the A45 between Coventry and Rugby. It is a traditional village pub with an excellent opportunity to expand the food business to the locals and as a drive-to destination.
The pub benefits from good demographics have med/high affluence in the area with limited competition with only one other pub within a ten-minute walk time of the pub. The Blacksmiths Arms offering will be a 'premium local' which there is a gap in the market for in the local area.
A pub with huge potential
The Blacksmiths Arms will slot into a gap in the local market, offering good homecooked food and a great mix of traditional cask, lager and cider as well as a quality spirits and wine. As well as a unique atmosphere to compete with the local competition. The pub has 30 internal covers and 25 externals. All we're looking for is the right operator with the right vision. A great food offer is essential, and you will be comfortable working behind the bar and in the kitchen.
Features
Trading Area & Facilities
Offer:
Once refurbished, The Blacksmiths Arms offer will include:
Quality, traditional pub food
Premium drinks offer including lagers, craft beers, wines, ciders and spirits.
A coffee offer to increase daytime trade
Weekly sport, quiz and theme nights throughout the week
Works
A complete redecoration and refurbishment to the indoor and outdoor trading spaces.
A sympathetic refurbishment which will include, strip, stain and repolish existing timber floor, bar re-decoration, re-vamped sports area, re-decoration and some new fixtures and fittings.
Private Accommodation
Private accommodation consists of two double bedrooms, lounge, kitchen and bathroom and office.
Pub Financials
Annual Rent £
24,201
Estimated Annual Turnover £
353,743
Deposit £
6,050
Estimated Fixtures & Fittings Value £
21,280
Estimated Stock Valuation £
5,000
Estimated Working Capital £
3,500
Estimated Total Ingoing Costs £
35,830
Estimated Minimum Ingoing Costs £
10,517
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.
Traditional Village Pub
The pub itself is located at the heart of the village of Ryton-on-Dunsmore. Ryton has a population of circa 1,800 and is easily accessed from the A45 between Coventry and Rugby. It is a traditional village pub with an excellent opportunity to expand the food business to the locals and as a drive-to destination.
The pub benefits from good demographics have med/high affluence in the area with limited competition with only one other pub within a ten-minute walk time of the pub. The Blacksmiths Arms offering will be a 'premium local' which there is a gap in the market for in the local area.
A pub with huge potential
The Blacksmiths Arms will slot into a gap in the local market, offering good homecooked food and a great mix of traditional cask, lager and cider as well as a quality spirits and wine. As well as a unique atmosphere to compete with the local competition. The pub has 30 internal covers and 25 externals. All we're looking for is the right operator with the right vision. A great food offer is essential, and you will be comfortable working behind the bar and in the kitchen.
Features
- Live Sports
- Pub Games
- Car Park
- Outdoor Trade
- Private Accommodation
- Investment Tenancy
Trading Area & Facilities
Offer:
Once refurbished, The Blacksmiths Arms offer will include:
Quality, traditional pub food
Premium drinks offer including lagers, craft beers, wines, ciders and spirits.
A coffee offer to increase daytime trade
Weekly sport, quiz and theme nights throughout the week
Works
A complete redecoration and refurbishment to the indoor and outdoor trading spaces.
A sympathetic refurbishment which will include, strip, stain and repolish existing timber floor, bar re-decoration, re-vamped sports area, re-decoration and some new fixtures and fittings.
Private Accommodation
Private accommodation consists of two double bedrooms, lounge, kitchen and bathroom and office.
Pub Financials
Annual Rent £
24,201
Estimated Annual Turnover £
353,743
Deposit £
6,050
Estimated Fixtures & Fittings Value £
21,280
Estimated Stock Valuation £
5,000
Estimated Working Capital £
3,500
Estimated Total Ingoing Costs £
35,830
Estimated Minimum Ingoing Costs £
10,517
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.
Similar searches: Pubs and Bars, Coventry