Prince Of Wales Birmingham

84 Cambridge Street, Birmingham, Birmingham B1 2NP

  • Prince of Wales Birmingham
  • Prince of Wales Birmingham
  • Prince of Wales Birmingham
  • Prince of Wales Birmingham
  • Prince of Wales Birmingham

Prince Of Wales Birmingham

Excellent opportunity in a city centre location!

The Prince of Wales is a traditional city centre pub with an impressive Victorian frontage that sets it apart from its more modern surroundings. It is ideally located in a thriving part of Birmingham and sits in a densely populated area with a number of local businesses on its door step. It is close by to local attractions with the National indoor Arena just a four minute walk away so it benefits from pre and post event trade. Other visitor attractions within a four to six minutes' walk are the Sea Life Centre and Symphony Hall providing a diverse customer base from families during the day to the more discerning drinker in the evening looking for a bite to eat before a show and an after show drink. Not forgetting the regulars from the surrounding houses who are looking for a good quality local who also benefit from the weekly entertainment on offer.

Experienced operator wanted

We are looking for an experienced operator with catering skills to introduce a good quality and varied food offer to suit both the day time and evening trade and someone who is used to putting together entertainment nights to increase revenue at this site. If you think you have what it takes to maximise this pubs potential we want to hear from you today!

Pub Features

  • Rolling Tenancy
  • Music Venue
  • Catering Kitchen
  • Private Accommodation
  • Cask Ale
  • Weekly Billing
  • Monthly Billing

Trading Area & Facilities

Internally the pub is a single bar operation with an impressive array of cask ale hand pulls on the central bar that add to its hipster feel. With comfortable seating throughout and traditional decor creating a friendly, homely atmosphere. There is a catering kitchen to aid the introduction of a casual dining food offer to cater for the current market and also add to the pubs appeal for passing day time shoppers and town centre circuit trade.

Externally there are some bench style seating on the pavement area to either side of the property

Private Accommodation

The private accommodation consists of two bedrooms, a kitchen, bathroom and a lounge and where required there will be appropriate works carried out in line with the Star Pubs & Bars Ready to Trade Promise.

Premises Licence Details

Please refer to the Premises Licence for further details.

Premises Licence Opening Hours

Mon Tue Wed Thu Fri Sat Sun
10:30 - 00:00 10:30 - 00:00 10:30 - 00:00 10:30 - 02:00 10:30 - 02:00 10:30 - 02:00 10:30 - 00:00

Financials

Annual Rent £
17,000
Estimated Annual FMOP (Licensee Profit) £
18,641
Representative HEINEKEN UK Brand Discount Per Barrel £
143
Estimated Annual Turnover £
273,025
Estimated Annual Barrelage
227

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 £
5,000
Estimated Fixtures & Fittings Valuation Fee £
250
Estimated Stock Valuation £
5,000
Deposit Amount £
4,250
Rent In Advance £
327
Training Fee £
1,000
Estimated Designated Premises Supervisor / Manager Fee £
60
Premises Licence Fee £
180
Rates Assessment Fee £
55
Estimated Legal Fees £
650
Estimated Total Ingoing Costs £
16,772
Estimated Minimum Ingoing Costs £
11,612

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