Coton Arms Coton Green Estate

The Precinct, Tamworth, Tamworth B79 8JT

  • Coton Arms Coton Green Estate
  • Coton Arms Coton Green Estate - Coming Soon
  • Coton Arms Coton Green Estate
  • Coton Arms Coton Green Estate
  • Coton Arms Coton Green Estate
  • Coton Arms Coton Green Estate
  • Coton Arms Coton Green Estate
  • Coton Arms Coton Green Estate
  • Coton Arms Coton Green Estate
  • Coton Arms Coton Green Estate

Coton Arms Coton Green Estate

The Coton Arms occupies a prominent position on the main road through a large housing estate close to the centre of Tamworth. The pub is currently a community pub and has huge potential to build the food and coffee offer. We have plans to refurbish the pub in order to make it the first choice in the area for any occasion.

Personable Publican Wanted!

The new lessee will have a personable approach and the ability to retain the warm welcome the pub gives every customers. You will quickly identify any growth areas to boost trade and give people something extra.

Pub Features

  • Rolling Tenancy
  • Refurbishment Planned
  • Outdoor Trade
  • Smoking Area
  • Weekly Billing
  • Monthly Billing

Trading Area & Facilities

The trading area is open plan and currently traditionally decorated. We plan to refurbish the pub to bring it up to date and to fully utilise the catering kitchen to provide meals for circa 40 covers, and an all-day, all-week coffee & food offer is a key area of growth.

Outside the Coton Arms is a pleasant, grassed Beer Garden with a children's play zone and 35 parking spaces. Applicants should be aware that all refurbishments are subject to final board approval which will be determined as part of the leasing process.

Private Accommodation

The private accommodation consists of three 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

Please refer to the Premises Licence for further details.

Premises Licence Opening Hours

Mon Tue Wed Thu Fri Sat Sun
10:00 - 00:30 10:00 - 00:30 10:00 - 00:30 10:00 - 00:30 10:00 - 00:30 10:00 - 00:30 10:00 - 00:00

Financials

Annual Rent £
TBC
Estimated Annual FMOP (Licensee Profit) £
TBC
Representative HEINEKEN UK Brand Discount Per Barrel £
TBC
Estimated Annual Turnover £
TBC
Estimated Annual Barrelage
TBC

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).

Historical volume figures may not include purchases made through 3rd Parties.

** All figures quoted are exclusive of VAT

*** FMOP = Fair Maintainable Operating Profit

Investment

Ingoing Costs
Estimated Licensee Fixtures & Fittings Value £
TBC
Estimated Fixtures & Fittings Valuation Fee £
TBC
Estimated Stock Valuation £
TBC
Deposit Amount £
TBC
Rent In Advance £
TBC
Training Fee £
TBC
Estimated Designated Premises Supervisor / Manager Fee £
TBC
Premises Licence Fee £
TBC
Rates Assessment Fee £
TBC
Estimated Legal Fees £
650
Estimated Total Ingoing Costs £
TBC
Estimated Minimum Ingoing Costs £
TBC

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 £
TBC
Estimated Annual Maintenance Compliance Charge £
TBC
Estimated Annual Accountancy & Stocktaking Charge (including tills) £

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