George Hotel Rugby

Watling Street, CV23 8YE

  • George Hotel Rugby
  • George Hotel Rugby
  • George Hotel Rugby
  • George Hotel Rugby
  • George Hotel Rugby
  • George Hotel Rugby
  • George Hotel Rugby
  • George Hotel Rugby
  • George Hotel Rugby
  • George Hotel Rugby
  • George Hotel Rugby
  • George Hotel Rugby

George Hotel Rugby

Extensive Refurbishment Planned - fantastic site, great location, multiple Income Streams!

The pub will undergo a dramatic transformation that will increase the trading area substantially and introduce a kitchen capable of producing a quality new food offering. A new bar will also be installed to dispense the perfect pint as part of the George's revamped offer to incorporate premium beers, quality food with a real focus on local produce, tantalising specials and a lovely garden for outside trading. The letting rooms at the site can be developed further once the pub has been fully established as both a local and destination pub in its own right. These have the potential to provide a valuable additional revenue stream.

The pub will aim to attract locals, as well as visitors from nearby towns and passing trade, given its location close to major road networks. The site will be able to attract a wide range of consumers, with ample adults per licensed premise (particularly within the half-mile catchment area).

We are looking for an experienced operator with a passion for food.

Are you an experienced operator who has a passion for great food and great service? If that sounds like you, we would love to talk to you about how Star Pubs & Bars, a 2018 Publican Awards winner, can support you to grow this promising business. We would like to see you bring your own ideas and flair to make the most of this great opportunity.

Pub Features

  • Rolling Tenancy
  • Letting Rooms
  • Function Room
  • Car Parking
  • Refurbishment Planned
  • Outdoor Trade
  • Cask Ale
  • Weekly Billing
  • Monthly Billing

Trading Area & Facilities

Internally, the existing bar servery will be completely stripped out and the wall will be opened up to create a new space. A new bar will be installed, the backfitting will be formed from traditional timbers and will include sections of new mirrors and tiling. The existing function space will be transformed into a new lounge dining area, complete with patio doors leading out into the garden. New reclaimed timber flooring will be added, a mixture of new booth seating and fixed furniture will be incorporated and the installation of a wood-burning stove to create a warm, ambient atmosphere.

externally, the pub has a traditional coach house feel and a new external signage and lighting scheme will enhance its kerb appeal. The car park can accommodate up to 20 vehicles and there is a spacious beer garden.

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 & Bars, 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

There is private accommodation at the pub - more details to follow.

Premises Licence Details

Premises Licence Opening Hours

Mon Tue Wed Thu Fri Sat Sun
- - - - - - -

Financials

Annual Rent £
48,000
Estimated Annual FMOP (Licensee Profit) £
49,704
Representative HEINEKEN UK Brand Discount Per Barrel £
125
Estimated Annual Turnover £
519,911
Estimated Annual Barrelage
138

“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 £
45,000
Estimated Fixtures & Fittings Valuation Fee £
250
Estimated Stock Valuation £
5,000
Deposit Amount £
12,000
Rent In Advance £
923
Training Fee £
1,000
Estimated Designated Premises Supervisor / Manager Fee £
60
Premises Licence Fee £
180
Rates Assessment Fee £
55
Estimated Legal Fees £
650
Estimated Total Ingoing Costs £
65,118
Estimated Minimum Ingoing Costs £
60,195

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 £
1,890
Estimated Annual Maintenance Compliance Charge £
TBC
Estimated Annual Accountancy & Stocktaking Charge (including tills) £
6,108

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