Old Market Inn Kettering
17 Market Place, Kettering, NN16 0AJAgreement Type:
Foundation Tenancy
View details for Old Market Inn Kettering
Coach & Horses Kibworth
Coach & Horses Kibworth
2, Leicester Road, Leicester, LE8 0NN Pub Code: 2303408101
Pub Code: 2303408101
Investment TenancyEst. Annual Turnover: £239,339
Annual Rent: £26,177
A refurbishment planned in the region of £185,000 will transform the Coach & Horses into a premium local with a strong food offer, comfortable dining spaces and a welcoming community atmosphere.
What would you do with this pub to make it a success?
About the area
The Coach & Horses is located in Kibworth, a large Leicestershire village around nine miles south-east of Leicester and six miles north-west of Market Harborough. Kibworth combines historic village character with strong local amenities, independent businesses, schools, sports clubs and convenient commuter connections. There are 5,511 adults within a 20-minute walk and only two other pubs within around a 10 to 15-minute walk, making the Coach & Horses one of a small number of local pub options. Following a period of inconsistent trading, the investment will broaden the pub’s appeal to families, casual diners, younger professionals, local residents and destination visitors.
The offer
Coach & Horses is available on our investment tenancy agreement. Click here for more information on this agreement. Please refer to the 'Refurbishment Details' section for details of the investment being made.
Who we're looking for
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 Coach & Horses will have extensive experience in premium, food-led village hospitality businesses. They will have a clear vision for a robust pub food menu, premium drinks, all-day coffee, community entertainment and local marketing, 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…
Trading Area & Facilities
The refurbishment of the Coach & Horses will focus on the interior, with targeted improvements to the exterior and garden.
A full list of works and pub floor plan can be found in the Downloads section.
The pub's trading area and facilities post refurbishment will be:
- Main trading area with bar
- Separate dining room
- Snug area
- Separate games and sports zone
- 70 internal covers
- More than 50 external covers
- Catering kitchen
- HEINEKEN SmartDispense
- Pub garden
- Car park with more than 10 spaces
- Three-bedroom private accommodation
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, 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 2 bedrooms, a living room, kitchen, bathroom, and separate toilet room.
With our 5 Star Promise, the rent at the start of your agreement is fixed until the end of its initial term.
Indicative entry costs
£37,044
Annual
Estimated Annual Turnover
£239,339
Annual Rent
£26,177
Entry Costs
Deposit
£6,544
Estimated Fixtures & Fittings Value
£22,000
Stock Valuation
£5,000
Working Capital Required
£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.
What we're planning & why
The planned investment of approximately £185,051 will centre on a comprehensive internal refurbishment, supported by targeted improvements to the exterior, signage, lighting and garden. The transformation will introduce a new kitchen, create stronger dining spaces and refresh the pub’s overall look and feel.
What's happening?
A full internal investment will create a comfortable, cosy and more premium environment, with distinct areas for dining, relaxed drinks and community occasions. A new kitchen will support a robust pub food menu, while a dedicated dining area will help the operator build sustainable trade across lunch, evening and weekend occasions.
The exterior will be redecorated with new signage and lighting to improve visibility and communicate the pub’s new positioning. The garden will also be improved to strengthen warm-weather trade. A sports lounge will cater for live sport and darts without making sport the dominant reason to visit. Premium lagers, ciders, wines, spirits and mixers, all-day coffee, quizzes, live music and karaoke can complement the food-led core offer.
Why invest?
The scheme will give Kibworth a premium village pub that combines quality food with a genuine community welcome. The new kitchen, improved dining spaces, stronger kerb appeal and broader range of occasions will fill a gap in the local market and help rebuild consistent trade. Current weekly sales are sporadic at around £3,000 to £5,000, with net weekly turnover projected to reach approximately £7,300 following the investment.
To explore some of our recent successful pub investment projects, please see our Investment Showcase page.
Location:
2, Leicester Road, Leicester, LE8 0NN
[]
Selected pub
Other pubs
Nearby events
People also viewed
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
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. 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