Glade Coventry

Winnallthorpe, Coventry CV3 3FB

  • Glade Coventry
  • Glade Coventry
  • Glade Coventry
  • Glade Coventry
  • Glade Coventry

Glade Coventry

Vibrant Community Local

The Glade is a vibrant community local pub enjoying a location at the heart Willenhall. The local area is very densely populated, the Glade is the only pub in the middle of the estate and is easily accessed by foot by over 5,000 locals. The current offer is drink only with a mainstream range, however, there is opportunity to introduce food with a basic snack menu.

Passionate Pub Operator Wanted

We are seeking someone who will immerse themselves in the local community to make the Glade the hub of the local estate. The ability to drive trade through sports is essential.

Pub Features

  • Refurbishment Planned
  • Live Sports
  • Outdoor Trade
  • Private Accommodation
  • Smoking Area
  • Pub Games
  • Childrens Play Area
  • Weekly Billing
  • Monthly Billing

Trading Area & Facilities

Internally, the pub is a two bar operation with a main lounge and games room. The lounge area has bench seating and is well used by the local community. The games room has a pool table and is ideal for functions and weekend entertainment.
Refurbishment plans:- the refurbishment will include the creation of zoned trading areas to allow for a dining area with feature tables and booth style seating. The bar area will be revamped to ensure a cosy, welcoming feel, with a fireplace and stone flooring. This will lead into a second area with new timber flooring, another fireplace and mix of fixed and loose seating.


Externally, the pub is located next to a row of local shops. There is a covered smoking area to the side of the building, and a small decked area to the front.
Refurbishment plans:- A new lighting and signage scheme will greatly enhance kerb appeal. A new seating area will be created to the front for guests to enjoy, along with a new children's playground to the rear.


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

More details to follow

Premises Licence Details

Please refer to Premises Licence for full details

Premises Licence Opening Hours

Mon Tue Wed Thu Fri Sat Sun
10:00 - 23:00 10:00 - 23:00 10:00 - 23:00 10:00 - 23:00 10:00 - 23:00 10:00 - 23:00 12:00 - 22:30

Financials

Annual Rent £
Estimated Annual FMOP (Licensee Profit) £
Representative HEINEKEN UK Brand Discount Per Barrel £
Estimated Annual Turnover £
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 £
Estimated Fixtures & Fittings Valuation Fee £
Estimated Stock Valuation £
Deposit Amount £
Rent In Advance £
Training Fee £
Estimated Designated Premises Supervisor / Manager Fee £
Premises Licence Fee £
Rates Assessment Fee £
Estimated Legal Fees £
Estimated Total Ingoing Costs £
Estimated Minimum Ingoing Costs £

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