Friendly Inn
Main Street, Rugby, CV23 9NYAgreement Type: Investment Tenancy
View details for Friendly InnUnder Offer
Blacksmiths Arms
High Street, Coventry, CV8 3EY
Pub Code: 2302754101
Key Features
- Hub of Community
- Outdoor Trading Area
- Traditional Pub Games
- 15 Parking Spaces
Est Min Ingoing Costs: £10,517
Annual Rent: £24,201
More Information
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.
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.
| 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.
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:
High Street, Coventry, CV8 3EY
More properties in this region
Black Prince Tile Hill Coven
Jardine Crescent, Coventry, CV4 9QSAgreement Type: Foundation Tenancy
View details for Black Prince Tile Hill Coven
Woodland Tavern Leamington Spa
3 Regent Street, Leamington Spa, CV32 5HWAgreement Type: Just Add Talent
View details for Woodland Tavern Leamington SpaTo 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
Pub Vacancy Alerts
Register now to receive regular email or text updates when new pubs to let come onto the market and get the latest news from Star Pubs & Bars. It’s free and puts you under no obligation.
Register
Want to know more?
To download our no nonsense guide to running your own pub click below.
Download