Minerva Inn Wolverhampton

Wolverhampton Road, Essington, Wolverhampton WV11 2BX

  •  Minerva Inn Wolverhampton
  •  Minerva Inn Wolverhampton
  •  Minerva Inn Wolverhampton

Minerva Inn Wolverhampton

Major Investment Planned

The Minerva is situated in the heart of Essington, just four miles north of the bustling city of Wolverhampton. Enjoying a prominent position on the village main road, the venue has access to an abundance of potential passing footfall, day and night. The site has the ability to become the "go to" venue in town.

Multiple income streams will be gained with the introduction of a brand-new simple food offering, combined with quality drinks, pub games, coffee and improvement to the outside area.

Do you have great entrepreneurial spirit?

We believe our proposed project will significantly enhance the business potential and we would like you to bring your own ideas and entrepreneurial spirit to make the most of this great and unique opportunity. If this sounds like you, please come and talk to us.

Pub Features

  • Rolling Tenancy
  • Car Parking
  • Refurbishment Planned
  • Outdoor Trade
  • Private Accommodation
  • Pub Games
  • Weekly Billing
  • Monthly Billing

Trading Area & Facilities

Internally we will transform the following:-

Bar Servery - this will be completely redecorated to fit in with the new modern style

Drinking Bar, Bar & Lounge Area - this will receive a complete redecoration and refurbished to a high standard that will transform these areas

Toilets - will be completely refurbished using premium materials to bring them in line with the pubs modern new look.

Externally - A fantastic patio for customers to enjoy a drink and a bite to eat. To improve the offer further new illuminated signage will be installed to reflect the pubs new image.

Applicants should be aware that all refurbishments are subject to final board approval which will be determined as part of the leasing process. Applicants should also be aware full funding is required of fixtures & fittings for this site.


Private Accommodation

Private Accommodation

Licensee accommodation at the pub consists of two bedrooms, a lounge, kitchen and bathroom. As part of our promise to you, we will ensure your private accommodation is in good order so that you can focus your energy on getting the business right.

Premises Licence Details

For full details, please refer to the Premises Licence.

Premises Licence Opening Hours

Mon Tue Wed Thu Fri Sat Sun
11:00 - 00:00 11:00 - 00:00 11:00 - 00:00 11:00 - 00:30 11:00 - 01:30 11:00 - 01:30 11:00 - 00:30

Financials

Annual Rent £
25,500
Estimated Annual FMOP (Licensee Profit) £
27,243
Representative HEINEKEN UK Brand Discount Per Barrel £
150
Estimated Annual Turnover £
338,564
Estimated Annual Barrelage
294

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 £
17,437
Estimated Fixtures & Fittings Valuation Fee £
250
Estimated Stock Valuation £
3,500
Deposit Amount £
6,375
Rent In Advance £
490
Training Fee £
1,000
Estimated Designated Premises Supervisor / Manager Fee £
50
Premises Licence Fee £
180
Rates Assessment Fee £
55
Estimated Legal Fees £
650
Estimated Total Ingoing Costs £
29,987
Estimated Minimum Ingoing Costs £
28,247

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) £
5,950

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