Golden Cross Coventry
Golden Cross Coventry
8, Hay Lane, Coventry, CV1 5RF Pub Code: 0020576101
Pub Code: 0020576101
Foundation TenancyEst. Annual Turnover: £542,750
Annual Rent: £38,000
Fantastic opportunity to take over historic city centre pub. What would you do with this pub to make it a success?
The area
The Golden Cross is located in the city of Coventry, tucked in one of the best preserved areas of the centre. The key shopping facilities are nearby as well as transport links. Located in Hay Lane which is a beautifully preserved area and less than two minutes walk from Coventry Cathedral
Demographics
The within 20 minutes walk time customer base is made up of over 36,000 adults, over 60% of whom are medium or above affluence and thanks to the nearby University has a good mix of younger age range.
The offer
Available on our foundation tenancy agreement. Click here for more information on this agreement. The potential of this pub lies in developing a well thought through food & drinks offer. The Golden Cross is already known for its choice of real ales as well as delicious gluten free food. What food & drinks would you look to implement in the pub?
We’re always open to new ideas, what would you do to drive trade?
If you’ve benefited from running or owning a pub business, we’d love to hear what experience you can bring.
The right operator for the pub will have extensive experience in a similar hospitality business. They will have a clear vision for their food & drinks menu, and can create a memorable experience for their 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 pub’s next chapter…
Trading Area & Facilities
- Two bar operations on two trading floors
- 30+ internal dining covers on the ground floor
- Good size catering kitchen
- Patio area to rear
Private Accommodation
With our 5 Star Promise, the rent at the start of your agreement is fixed until the end of its initial term.
Indicative entry costs range from**:
£12,667 - £34,000
**Deposit build up from 1 month rent
**Rented fixtures & fittings deal available
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:
8, Hay Lane, Coventry, CV1 5RF
Selected pub
Other pubs
Nearby events
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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