Bulls Head Coalville

Warren Hills Road, LE67 4UY

  • Bulls Head Coalville
  • Bulls Head Coalville Mood Board
  • Bulls Head Coalville Mood Board
  • Bulls Head Coalville Mood Board
  • Bulls Head Coalville Mood Board
  • Bulls Head Coalville
  • Bulls Head Coalville
  • Bulls Head Coalville
  • Bulls Head Coalville
  • Bulls Head Coalville

Bulls Head Coalville

Refurbishment and Extension Planned

The Bulls Head is based in Coalville. It is situated on the main road from Markfeild heading to Whitwick therefore there is a lot of passing trade. Within a ten-minute drive of the pub are 48,000 adults. There is also a large car park, giving it a fantastic opportunity to be a destination food site.

The current offer at the Bulls Head is a basic food menu. We are looking to enhance this by offering great food for the whole family, which would include a kids menu, a seniors menu and family fun days. A new extension area will double the number of covers and create an all new dining experience. A village bar will also offer something for the locals that are only looking for a relaxing drink with friends, colleagues or family.

Experienced Destination Pub Operator Required

Star Pubs & Bars are currently looking for an Operator with a record of accomplishment in running a pub with a great food offer that includes meals throughout the day. You will have a passion for embracing the locals and will ideally have experience of hosting events that can bring together the community.












Pub Features

  • Rolling Tenancy
  • Refurbishment Planned
  • Catering Kitchen
  • Outdoor Trade
  • Private Accommodation
  • Smoking Area
  • Weekly Billing
  • Monthly Billing

Trading Area & Facilities

The Bulls Head has recently been refurbished; we will look to retain the existing fully upholstered fixed seating as well as the existing loose furniture. New timber flooring, as well as new internal decorations, will be added. In the dining area, the end wall is to be removed to create a flow through to the new extension dining area that leads to the garden. There will also be a new window to the brand new trade kitchen for vision through from the trade area, creating a unique experience for customers.

Externally, new timber benches will be introduced as well as plant pots to create a front beer garden. To the rear, all new furniture is to be added that includes a new picket fence around the boundary of the garden.

Private Accommodation

The private accommodation consists of bedrooms, kitchen & bathroom and a lounge and where required there will be appropriate works carried out in line with the Star Pubs & Bars Ready to Trade Promise.

Premises Licence Details

For full licensing details, please refer to the Premises License.

Premises Licence Opening Hours

Mon Tue Wed Thu Fri Sat Sun
09:00 - 00:30 09:00 - 00:30 09:00 - 00:30 09:00 - 00:30 09:00 - 00:30 09:00 - 00:30 09:00 - 00:30

Financials

Annual Rent £
62,000
Estimated Annual FMOP (Licensee Profit) £
63,188
Representative HEINEKEN UK Brand Discount Per Barrel £
130
Estimated Annual Turnover £
691,508
Estimated Annual Barrelage
220

“The above figures are provided as a guide only and will be finalised as part of the commercial agreement (please download the rent model from Trading Information section for full financial details).

** All figures quoted are exclusive of VAT

*** FMOP = Fair Maintainable Operating Profit

Investment

Ingoing Costs
Estimated Licensee Fixtures & Fittings Value £
35,278
Estimated Fixtures & Fittings Valuation Fee £
250
Estimated Stock Valuation £
8,000
Deposit Amount £
15,500
Rent In Advance £
1,192
Training Fee £
1,000
Estimated Designated Premises Supervisor / Manager Fee £
60
Premises Licence Fee £
180
Rates Assessment Fee £
55
Estimated Legal Fees £
650
Estimated Total Ingoing Costs £
62,165
Estimated Minimum Ingoing Costs £
62,165

In order to ensure a successful start-up, all applicants must have a minimum £10,000 un-borrowed funds.

The Estimated Licensee Fixtures & Fittings (F&F) Value assumes that the pub will be let on a Rolling Tenancy or Business Start-Up Agreement, where we own the majority of the F&F. The F&F Value for Full Repairing & Insuring Leases will be significantly more.

The calculation of the Estimated Minimum Ingoing Costs assumes a minimum deposit of 1 month's rent or £3,000 (whichever is greater) and that fixtures and fittings (F&F) are rented. The subsequent deposit build up and F&F rental costs are not included in the rent model or ongoing costs below.

Other SP&B Ongoing Charges
Estimated Annual Buildings Insurance £
1,292
Estimated Annual Maintenance Compliance Charge £
Estimated Annual Accountancy & Stocktaking Charge (including tills) £
6,108

The above figures are provided as a guide only and will be finalised as part of the commercial agreement (please download the rent model from Trading Information section for full financial details)

* All figures quoted are exclusive of VAT

** Deposit build up will be payable over a maximum of 24 months

*** Fixtures and Fittings annual rental fee should be estimated at 15% of the F&F value. The actual F&F value will be determined on the day of entry

**** Maintenance Compliance Charge relates to the fees for various statutory inspections

***** Estimated Legal Fees is a charge applied to your account by SP&B for creation of your Lease. You are required to engage and pay for your own solicitor - your solicitor's fees are not included in the above estimate

****** The above figures assume that rent is billed weekly in advance and that Star Pubs & Bars retain ownership of large fixtures and fittings. Initial costs for a Fully Repairing and Insuring lease will be higher as rent is invoiced monthly in advance and all fixtures and fittings must be purchased