Friendly Inn Frankton

Main Street, Rugby, CV23 9NY

  • Friendly Inn Frankton
  • Friendly Inn Frankton
  • Friendly Inn Frankton
  • Friendly Inn Frankton
  • Friendly Inn Frankton
  • Friendly Inn Frankton
  • Friendly Inn Frankton
  • Friendly Inn Frankton
  • Friendly Inn Frankton
  • Friendly Inn Frankton
  • Friendly Inn Frankton
  • Friendly Inn Frankton

Friendly Inn Frankton

Traditional village pub

Well located on the Main Street of Frankton, an affluent village on the outskirts of Rugby, the Friendly Inn oozes traditional charm featuring a half timbered façade, open fires and exposed beam ceilings.

The pub has a great following locally, bringing in customers from surrounding towns with a traditional home cooked food offer. Known for its well-kept cask ale, it also has a strong drinks trade, supported by its skittles table used in the local league.

Enthusiastic Food Operator Wanted!

Are you in the market for traditional village pub with oodles of character and an established food offer? Then this pub could be for you. We are looking for an operator who will continue to deliver the popular food and drink offer with attention to high standards and a passion for hospitality.

Business Development Managers Vision

' The new lessee will engage with the local community and have an ambition to use their personality and passion to maintain and build on the existing business.'

Pub Features

  • Rolling Tenancy
  • Car Parking
  • Outdoor Trade
  • Private Accommodation
  • Cask Ale

Trading Area & Facilities

Trading Areas and Facilities

The pub dates from the 16th century and has two distinct trading areas. The older part of the building has a cosy feel with open fireplaces and small nooks. This is currently the main dining area.
The second room is used as the main bar area and also has the popular skittle table. Both rooms area are served by a single central bar, making it easier to operate.
The incoming operator may want to put their own stamp on the pub by sympathetically updating the decor and bric-a-brac.

There is a large car park, small paved patio area with a smoking shelter.

Private Accommodation

Private Accommodation

Made up of 3 bedrooms, one which has an ensuite, lounge, bathroom, kitchen and office.
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.

Premises Licence Details

Please see premises license for full 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 - 01:30 10:00 - 02:30 10:00 - 02:30 10:00 - 00:00

Financials

Annual Rent £
39,750
Estimated Annual FMOP (Licensee Profit) £
39,669
Representative HEINEKEN UK Brand Discount Per Barrel £
125
Estimated Annual Turnover £
437,034
Estimated Annual Barrelage
132

“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 £
TBC
Estimated Fixtures & Fittings Valuation Fee £
250
Estimated Stock Valuation £
TBC
Deposit Amount £
TBC
Rent In Advance £
TBC
Training Fee £
1,000
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 £
0
Estimated Annual Maintenance Compliance Charge £
0
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