Old Dyers Arms Coventry

Spon End, Coventry, Coventry CV1 3HB

  • Old Dyers Arms Coventry
  • Old Dyers Arms Coventry
  • Old Dyers Arms Coventry
  • Old Dyers Arms Coventry
  • Old Dyers Arms Coventry
  • Old Dyers Arms Coventry

Old Dyers Arms Coventry

A Local Pub in the City Centre

Positioned on a busy road half a mile from the city centre, the Old Dyers Arms is situated next to Coventry Rugby Club. The pub is also located in a densely populated area with high numbers of student locals. The Old Dyers Arms, has been very successful at engaging with the local community and the Rugby Club to build trade recently. There is opportunity to better utilise the trade kitchen to build a food trade where there has been none previously.

Passionate Pub Operator Wanted

The pub has a great reputation for real ales, so expertise in this area is a must. The right person will have the drive and passion to build food trade, as the pub has traded only to drinkers in its recent history.


Pub Features

  • Rolling Tenancy
  • Music Venue
  • Live Sports
  • Outdoor Trade
  • Private Accommodation
  • Pub Games
  • Cask Ale
  • Weekly Billing
  • Monthly Billing

Trading Area & Facilities

Internally the pub is divided into a small front bar, a games area and a dining room. The front bar and games room are served by a central servery. The rear room is ideal to use as a dining area, with capacity for around 20 covers.

Externally the pub has good kerb appeal thanks to recent decoration and signage update. There is a yard to the side of the pub giving valuable outside drinking space.

Private Accommodation

More details to follow

Premises Licence Details

Please refer to the Premises Licence for further details.

Premises Licence Opening Hours

Mon Tue Wed Thu Fri Sat Sun
10:00 - 02:00 10:00 - 02:00 10:00 - 02:00 10:00 - 02:00 10:00 - 02:00 10:00 - 02:00 10:00 - 02:00

Financials

Annual Rent £
TBC
Estimated Annual FMOP (Licensee Profit) £
TBC
Representative HEINEKEN UK Brand Discount Per Barrel £
TBC
Estimated Annual Turnover £
TBC
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 £
TBC
Estimated Fixtures & Fittings Valuation Fee £
TBC
Estimated Stock Valuation £
TBC
Deposit Amount £
TBC
Rent In Advance £
TBC
Training Fee £
TBC
Estimated Designated Premises Supervisor / Manager Fee £
TBC
Premises Licence Fee £
TBC
Rates Assessment Fee £
TBC
Estimated Legal Fees £
650
Estimated Total Ingoing Costs £
TBC
Estimated Minimum Ingoing Costs £
TBC

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) £
4,920

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