Paddox Rugby
360 Hillmorton Road, Rugby, CV22 5EYAgreement Type:
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Courthouse Rugby
Courthouse Rugby
23, North Street, Rugby, CV21 2AG Pub Code: 0020560101
Pub Code: 0020560101
Investment Tenancy, Rolling TenancyEst Min Ingoing Costs: £44,208
Annual Rent: £28,832
The area
The Courthouse is a charming mock-Tudor pub positioned prominently on Rugby’s main shopping street. The area is seeing continued growth thanks to recent development.
The pub is well-placed to attract its core markets: families with steady incomes and active retirees—both well-represented in the local demographic.
The offer
The Courthouse Rugby s available on our Investment Tenancy agreement. Click here for more information on this agreement.
The refurbishment will significantly boost the pub’s kerb appeal with updated signage, improved lighting, and a refreshed outdoor seating area at the rear. Inside, the space will be fully modernised with new flooring, fixtures, and a casual dining layout that enhances accessibility and supports a stronger food-led offer.
Who are we looking for?
With nearly 8,000 people within walking distance and a good mix of age groups, this location offers great potential for the right operator. Their focus will be on quality food and drinks, with an emphasis on a pub food menu that’s currently lacking in the town.
We're looking for an entrepreneurial licensee who can take advantage of this prime location. With the planned upgrades and your vision, this pub could easily stand out in a competitive area.
Trading Area & Facilities
Refurbishment planned throughout:
- Main bar with 'L' shape trading area
- Internal covers 86
- External covers 156
- Catering Kitchen
- Smart dispense
- Large outdoor space
Private Accommodation
Private accommodation consists of 3 bedrooms, a living room, kitchen, bathroom, office and a garage.
Estimated Total Ingoing Costs
£44,208
Estimated Minimum Ingoing Costs
£44,208
Annual Rent
£28,832
Estimated Annual Turnover
£572,798
Deposit
£7,208
Estimated Fixtures & Fittings Value
£25,500
Estimated Stock Valuation
£8,000
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:
23, North Street, Rugby, CV21 2AG
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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
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