Minerva Inn Wolverhampton
Wolverhampton Road, Essington, Wolverhampton, WV11 2BXAgreement Type: Foundation Tenancy
View details for Minerva Inn Wolverhampton
Navigation Willenhall
39, Fibbersley, Wolverhampton, WV11 3SU
Pub Code: 2302869101
Key Features
- Great Location
- Food potential
- Lovely Garden
- Car Park
Est Min Ingoing Costs: £10,458
Annual Rent: £23,500
More Information
The Navigation is in a great location in the town of Willenhall, close to the retail park. Easy access to Wolverhampton and Walsall. The pub is surrounded by residential housing. The pub benefits from being one of 2 pubs found in an area of around 2563 adults. The main customer base is made up of families, singles, and elderly couples.
Available on our foundation tenancy agreement. Click here for more information on this agreement. The pub currently has regular bar trade, and the potential of this pub lies in developing a well thought through food & drinks offer. What food & drinks would you look to implement in the pub? USP what will you be famous for?
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, marketing strategy 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
- Main trading area with bar
- Separate dining room
- 36 internal covers
- 30 external covers
- Great catering kitchen
- Large garden with wooden tables and benches as well as a children’s play area
- Car park with 15 spaces
Private Accommodation
Private accommodation consists of 4 bedrooms, kitchen, a living room, bathroom, office.
| Annual Rent | £ 23,500 |
| Estimated Annual Turnover | £ 386,375 |
| Deposit | £ 5,875 |
| Estimated Fixtures & Fittings Value | £ 20,000 |
| Estimated Stock Valuation | £ 5,000 |
| Estimated Working Capital | £ 3,500 |
| Estimated Total Ingoing Costs | £ 34,375 |
| Estimated Minimum Ingoing Costs | £ 10,458 |
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
More properties in this region
Queens Head
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View details for Queens Head
Boathouse Walsall
Park Road, Daw End, Rushall, WS4 1LGAgreement Type: Foundation Tenancy
View details for Boathouse WalsallTo 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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