Royal Oak Polesworth
Grendon Road, Tamworth, B78 1NUAgreement Type: Foundation Tenancy
View details for Royal Oak Polesworth
Queens Head Newton Regis
Main Road, Tamworth, B79 0NF
Pub Code: 2302802101
Key Features
- Great Food Offer
- Village location
- Good-sized catering kitchen
- Outside trading areas
- Car Park
- Private accommodation
Est Min Ingoing Costs: £10,399
Annual Rent: £22,787
More Information
Great food opportunity
What would you do with this pub to make it even more of a success?
The area
The Queens Head is located in the quintessential village of Newton Regis, close to Tamworth. The pub is surrounded by mixed housing.
The pub benefits from being the only one in the village, found in an area of around 450 adults. The customer base is mainly a mature clientele.
The offer
Available on our foundation tenancy agreement. Click here for more information on this agreement. The potential of this pub lies in maintaining a well thought through 30/70, wet/dry food & drinks offer. What food & drinks would you look to implement in the pub?
The site currently has the ability to drive trade via a strong menu offering fresh, local ingredients, occasional weekend, live entertainment. It offers a selection of popular beers, ciders, wines and spirits and cask ales.
We’re always open to new ideas, what would you do to drive trade?
If you’ve benefited from running or owning a pub business, we’d love to hear what experience you can bring.
The right operator for the pub will have extensive experience in a destination food outlet hospitality business. They will have a clear vision for their food & drinks menu and 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
- Open-plan trading area with bar
- 40 internal covers
- 30 external covers
- Good-sized catering kitchen
- Small garden areas with outside seating
- Car park with 30 spaces
Private Accommodation
Private accommodation consists of 3 bedrooms, a living room, kitchen and bathroom.
| Annual Rent | £ 22,787 |
| Estimated Annual Turnover | £ 284,046 |
| Deposit | £ 5,697 |
| Estimated Fixtures & Fittings Value | £ 10,840 |
| Estimated Stock Valuation | £ 5,000 |
| Estimated Working Capital | £ 3,500 |
| Estimated Total Ingoing Costs | £ 25,037 |
| Estimated Minimum Ingoing Costs | £ 10,399 |
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:
Main Road, Tamworth, B79 0NF
More properties in this region
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The Crafty Two
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View details for The Crafty TwoTo 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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