Crown Inn Pershore
Peopleton, Pershore, WR10 2EEAgreement Type:
Investment Tenancy
View details for Crown Inn Pershore
Navigation Willenhall
Navigation Willenhall
39, Fibbersley, Wolverhampton, WV11 3SU Pub Code: 2302869101
Pub Code: 2302869101
Foundation TenancyEst Min Ingoing Costs: £35,948
Annual Rent: £25,790
Refurbishment to create a vibrant community pub in Fibbersley.
The Area:
The Navigation is located in Fibbersley near Willenhall, a well-established residential area with a strong local customer base. With approximately 3,500 adults within walking distance, this pub sits at the heart of its community, ready to become a key social hub for locals and families. Surrounded by medium to low affluence and only two nearby competitors, this site offers a great opportunity to deliver quality food, drinks, and entertainment to an under-served market.
Demographics:
The area indexes toward medium to low affluence, with a mix of families and local residents looking for a welcoming, reliable place to eat, drink, and socialise. The community is known for its loyalty to local pubs and enjoys regular events and activities.
The Offer:
The pub is available on our investment tenancy agreement. Click here for more information.
Following a full refurbishment, the Navigation will be transformed into a warm, inviting community pub. Inside, the redecoration will enhance the bar and dining areas, creating a more open and sociable environment. Outside, refreshed signage and garden maintenance will ensure the pub’s appeal extends through the summer months, complemented by an existing outdoor bar. The offer will include a full range of keg and cask beers, alongside great pub classics cooked with care. Entertainment such as pool, darts, quizzes, and live music will provide a strong rhythm of the week, attracting a wide cross-section of the local community.
We’re always open to new ideas - what would you do to drive trade?
The right operator for the Navigation will have experience running a community pub, a passion for great service, and the ability to engage locals with a strong food and entertainment offer.
If this sounds like the 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
The Navigation will undergo a full refurbishment covering internal and external areas.
The pub’s trading area and facilities post-refurbishment will include:
- Main trading area with bar
- 63 internal covers
- 118 external covers
- Separate dining room
- Catering kitchen
- HEINEKEN SmartDispense
- Pub garden
- Car park with 30 spaces
- Private accommodation included
A full list of works and the pub floor plan can be found in the ‘refurbishment details’ in the downloads.
Applicants should be aware that all refurbishments are subject to final board approval which will be determined as part of the leasing process.
Private Accommodation
Private accommodation consists of 4 bedrooms, kitchen, a living room, bathroom, office.
Estimated Total Ingoing Costs
£35,948
Estimated Minimum Ingoing Costs
£35,948
Annual Rent
£25,790
Estimated Annual Turnover
£399,855
Deposit
£6,448
Estimated Fixtures & Fittings Value
£20,000
Estimated Stock Valuation
£6,000
Estimated Working Capital
£3,500
The above figures are provided as a guide only and will be finalised as part of the commercial agreement. All figures quoted are exclusive of VAT.
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.
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:
39, Fibbersley, Wolverhampton, WV11 3SU
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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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