Dolphin Tamworth

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Pub Overview

Community local with a premium refurbishment

A major investment will transform the Dolphin into a classic, comfortable community pub. Redecorations throughout the interior will breathe a new lease of life into this pub. We will be refurbishing all the downstairs trading areas of the pub including the bar servery and lounge. These works will complement a recently refurbished function room and a popular beer garden. This welcomed investment will make the pub more appealing to all demographics in local area with a welcoming atmosphere.

Externally, we will be installing all-new signage and lighting to catch the eye of passing trade. There will also be new decorations to the exterior of the pub to enhance the pubs new look.

Community focused

The Dolphin is in the Staffordshire market town of Tamworth. It is situated on Glascote Road which is one of the main thoroughfares into the town centre. The pub neighbours mixed residential housing and close to a parade of local retail businesses such as shops, takeaways and bookmakers. The demographics surrounding the pubs consists of a healthy mix of families with younger children and retirees. This opens up the market for more daytime and food trade. Tamworth is home to a wide range of attractions such as the well-established Tamworth Snow Dome, Drayton manor Theme Park and Tamworth castle.

Target customers:

As a suburban site in a very densely populated area, we expect the customer base for the Dolphin to be:
Locals walking to the site rather than tourists coming to the wider Tamworth attractions.
Singles looking to meet up with friends to socialise on lower energy midweek occasions
Couples looking for a quiet drink and larger groups at weekends
Families from the area looking for comfortable local pub for a bite to eat.

Offer:

When refurbished, the Dolphin's offer will be:
Predominantly beer led with cask ales
A quality spirits offer with premium gins
A simple, classic pub food menu
Small coffee offering to compliment the food menu

Tap into this pub's great potential

The Dolphin already operates as a community favourite. The refurbishment, the introduction of cask ales & food, a function room and beer garden will give the pub the potential to appeal to a broader spectrum of consumers. With 61 covers and a function room with an additional 40 covers, this pub has bags of potential. All we are looking for is the right operator.

If you've benefited from running or owning a pub business, we'd love to hear what experience you can bring.

The right operator for the pub will have extensive experience in a community led hospitality business. They will have a clear vision for their food & drinks menu, a knowledge and experience of cask ales and can create a memorable experience for their customers.

If this sounds like the incredible pub opportunity you've been waiting for, apply today and tell us what you can bring to this pub's next chapter…

Features

  • Function Room
  • Live Sports
  • Pub Games
  • Outdoor Trade
  • Private Accommodation
  • Investment Tenancy
  • Refurbishment Planned


Trading Area & Facilities

We will be refurbishing all the downstairs trading areas of the pub including the bar servery and lounge. These works will complement a recently refurbished function room and a popular beer garden. This welcomed investment will make the pub more appealing to all demographics in local area with a welcoming atmosphere.

Externally, we will be installing all-new signage and lighting to catch the eye of passing trade. There will also be new decorations to the exterior of the pub to enhance the pubs new look.

Full details are listed in the attached refurbishment pack.

Please be aware that all refurbishments are subject to final board approval which will be determined as part of the leasing process.

Where a significant investment is made in a pub by Star Pubs & Bars, an "Investment Exemption" will be required. This means that the option of a Market Rent Option lease won't be available at rent review for a period of up to seven years for this site. This applies to all pubs in England & Wales as per The Pub Code (2016)".

Private Accommodation

The private accommodation consists of 3 bedrooms, lounge, kitchen, & bathroom. In line with our Ready to Trade Promise, we will ensure the private accommodation is in good condition so that you can focus on your business.

Pub Financials

Annual Rent £
22,260
Estimated Annual Turnover £
287,924
Deposit £
5,565
Estimated Fixtures & Fittings Value £
16,420
Estimated Stock Valuation £
3,500
Estimated Working Capital £
3,500
Estimated Total Ingoing Costs £
28,985
Estimated Minimum Ingoing Costs £
28,985

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.

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