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RegisterCottage Inn Kingswinford
Cottage Inn Kingswinford
534, High St, Kingswinford, DY6 8AW Pub Code: 0011542101
Pub Code: 0011542101
Investment TenancyEst Min Ingoing Costs: £42,001
Annual Rent: £31,435
The Area:
The Cottage is situated in the heart of Kingswinford, just off the main busy high street. Stourbridge is three miles away and Dudley is four miles away. It’s in the heart of a small town with plenty of footfall from shoppers and locals alike, and there are other pubs just a few doors up.
Demographics:
The pub benefits from good demographics with medium affluence in the area. There’s strong local competition, but also demand for a good pub food offer - something The Cottage can provide with cask ales, real fires and a cosy setting.
The Offer:
The Cottage is available on our investment tenancy agreement. Click here for more information on this agreement.
The Cottage Inn has great kerb appeal, and with a superb location off the main high street, it offers an operator a great opportunity to capitalise on local trade. It has a good reputation and benefits from a small rear drinks patio, perfect for use in warmer months. With a completely refurbished venue set to deliver a modern yet cosy interior and an upgraded dining area, the pub’s welcoming bar will stand out in the local area and be known for its hand-pulled cask ales.
We’re always open to new ideas - what would you do to drive trade?
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 Cottage will have extensive experience in food hospitality. They’ll have a clear vision for their food and drinks menu and know how to create memorable experiences for their customers. A strong understanding of the local area will be essential.
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…
Trading Area & Facilities
The Cottage will be undergoing a refurbishment which will cover the interior and exterior of the pub.
A full list of works and pub floor plan can be found in the ‘refurbishment details’ in the downloads.
The pubs trading area and facilities post refurbishment will be:
- Main trading area with bar
- Separate dining area
- Function room
- 80 internal covers
- 18 external covers
- Catering kitchen
- SmartDispense
- Rear patio area
- Car park with 20 spaces
Applicants should 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. The exemption 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, as per The Pub Code (2016).
Private Accommodation
Private accommodation consists of two bedrooms, bathroom, bathroom, kitchen.
Estimated Total Ingoing Costs
£42,001
Estimated Minimum Ingoing Costs
£42,001
Annual Rent
£31,435
Estimated Annual Turnover
£441,640
Deposit
£7,858
Estimated Fixtures & Fittings Value
£23,643
Estimated Stock Valuation
£7,000
Estimated Working Capital
£3,500
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.
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.
Location:
534, High St, Kingswinford, DY6 8AW
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To apply for this pub or for additional information, please contact us directly
Freephone:
08085 94 95 96
Email us at
enquiries@starpubs.co.uk
Or visit
www.starpubs.co.uk
