Queens Head Newton Regis

Main Road, Tamworth, Tamworth B79 0NF

  • Queens Head Newton Regis
  • Queens Head Newton Regis
  • Queens Head Newton Regis
  • Queens Head Newton Regis
  • Queens Head Newton Regis
  • Queens Head Newton Regis

Queens Head Newton Regis

The Queens Head is a traditional pub located in the village of Newton Regis, just off the M42 in North Warwickshire and around 5 miles north-east of Tamworth and 3 miles west of Twycross Zoo, it is popular with the village residents but is alos a destination food pub. Embrace Village Life! Running this pub really is about the lifestyle, it's a busy food led pub that is nestled in beautiful surroundings with great appeal. You will need excellent cellar management skills and be experienced with food. In order to drive the business in the wider marker, IT & Social Media marketing skills would be desirable.

Pub Features

  • Rolling Tenancy
  • Catering Kitchen
  • Outdoor Trade
  • Private Accommodation
  • Smoking Area
  • Pub Games
  • Cask Ale
  • Weekly Billing
  • Monthly Billing

Trading Area & Facilities

The Queens Head is traditional and well finsihed, internally and externally, with natural finsihes and rich red fabrics. The trading space is open plan with diners and drinkers mixing together around an inviting central bar. The catering kitchen can provide for circa 60 covers. There is a pleasant beer garden that is a great attraction and the is plenty of parking available. The pub is areal landmakr in this lovely village and could attract visitors and locals alike.

Private Accommodation

The private accommodation consists of three bedrooms, 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
10:00 - 00:30 10:00 - 00:30 10:00 - 00:30 10:00 - 00:30 10:00 - 01:30 10:00 - 01:30 11:00 - 00:30

Financials

Annual Rent £
20,000
Estimated Annual FMOP (Licensee Profit) £
21,588
Representative HEINEKEN UK Brand Discount Per Barrel £
125
Estimated Annual Turnover £
267,301
Estimated Annual Barrelage
181

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 £
4,450
Estimated Fixtures & Fittings Valuation Fee £
250
Estimated Stock Valuation £
5,000
Deposit Amount £
5,000
Rent In Advance £
385
Training Fee £
1,000
Estimated Designated Premises Supervisor / Manager Fee £
50
Premises Licence Fee £
TBC
Rates Assessment Fee £
55
Estimated Legal Fees £
650
Estimated Total Ingoing Costs £
17,020
Estimated Minimum Ingoing Costs £
11,852

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) £

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