Dolphin Tamworth
New Street, Tamworth, B77 3EFAgreement Type: Investment Tenancy
View details for Dolphin Tamworth
The Crafty Two
Corporation Street, Tamworth, B79 7DN
Pub Code: 2302936101
Key Features
- Recently Refurbished
- Town Centre Location
- Food Opportunity
- Cask Ales
- Outdoor Trading Area
- Private Accommodation
Est Min Ingoing Costs: £10,013
Annual Rent: £24,152
More Information
Fantastic location
The Crafty Two will play a pivotal role in the master plan to revamp this part of Tamworth's town centre. Nearby investments include the £6.2m refurbishments of the local assembly rooms across the road, the creation of a new restaurant and enhancements to the public highway/footpaths. It is also very close to the drop off point for several public transport routes for the town. There is a considerable amount of regeneration happening within the area, meaning the pub is a prime location.
Star Pubs and Bars recently completed an extensive refurbishment here and created a stand out pub with a strong focus on craft ales. With its rustic appeal, it has the fantastic opportunity to attract new customers and create something unique to the local area. The introduction of a quality and varied food and coffee offer, combined with a fantastic outside area will ensure the pub attracts a wealth of new customers.
Great Potential
This is a pub with incredible potential to develop a niche craft offer in this fast-developing area of Tamworth, all we’re missing is an entrepreneur with the skills to develop a brand new business and engage with the Tamworth community. Could that be you?
BDM Vision
"This will be the place to go in Tamworth to meet with friends and colleagues for a business meeting over a coffee or even a breakfast, or maybe to pick up a takeaway coffee while waiting for your bus from the town’s main bus terminal right outside the pub. You will be able to get a light lunch and maybe dine in the courtyard during the summer months.
In the evening you will be able to meet with friends for a quiet pint of the finest craft ales and a great meal, or maybe join in on an open mike night with the best of local talent. This will be a chameleon pub changing its feel to match the time of day".
Attitude is more valuable than experience. If you’ve got the following, we’d love to hear from you.
- Understanding of the local community
- You know what it takes to build a successful business
- You love hospitality and are great with 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 pubs next chapter…
Trading Area & Facilities
Internally the pub has a front area with vertical drinking and higher seating for those that want to meet and drink with friends whilst the rear section has boothed seating and a more relaxed dining style feel. There is a new catering kitchen, to allow the introduction of a simple, fast-paced food offer.
To the rear, the outside trading area has a mix of seating and floor finishes, it stands out as a great outdoor area and is visible to passing footfall. There is a covered area, with decked flooring, fixed seating and decorative bric-a-brac, to allow customers to enjoy the outside offer throughout the year.
To the rear, the outside trading area has a mix of seating and floor finishes, it stands out as a great outdoor area and is visible to passing footfall. There is a covered area, with decked flooring, fixed seating and decorative bric-a-brac, to allow customers to enjoy the outside offer throughout the year.
Private Accommodation
The private accommodation consists of three bedrooms, kitchen & bathroom and a lounge. In line with our Ready to Trade Promise, we will ensure the private accommodation is in good condition, so that you can focus on your business.
| Annual Rent | £ 24,152 |
| Estimated Annual Turnover | £ 374,237 |
| Deposit | £ 6,038 |
| Estimated Fixtures & Fittings Value | £ 7,000 |
| Estimated Stock Valuation | £ 4,500 |
| Estimated Working Capital | £ 3,500 |
| Estimated Total Ingoing Costs | £ 21,038 |
| Estimated Minimum Ingoing Costs | £ 10,013 |
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:
Corporation Street, Tamworth, B79 7DN
More properties in this region
Plough & Harrow Fazeley
Atherstone Street, Tamworth, B78 3RFAgreement Type: Investment Tenancy
View details for Plough & Harrow Fazeley
Royal Oak Polesworth
Grendon Road, Tamworth, B78 1NUAgreement Type: Foundation Tenancy
View details for Royal Oak PolesworthTo 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