Cock Inn Sibson Nuneaton
Twycross Road, Nuneaton, CV13 6LBAgreement Type:
Investment Tenancy
View details for Cock Inn Sibson Nuneaton
Royal Oak Polesworth
Royal Oak Polesworth
Grendon Road, Tamworth, B78 1NU Pub Code: 2302984101
Pub Code: 2302984101
Foundation TenancyEst Min Ingoing Costs: £8,760
Annual Rent: £15,121
With a step rent support in the 1st year this a great opportunity.
Be the Beating Heart of the Community
Royal Oak is situated in the centre of Polesworth village, just outside of Tamworth.
It is the heart of the community, with an offer of live sports, darts and a jukebox it attracts a diverse range of customers from the more mature regulars to a younger clientele. It is a small pub with a cosy feel to it, circa 80 seats, with a strong wet trade. There is no opportunity to introduce food due to the size of the kitchen but there is the potential to drive the business forward through live entertainment.
Attitude is more valuable than experience. If you’ve got the following, we’d love to hear from you.
- Understanding of the local community
- You know what it takes to build a successful business
- You love hospitality and are great with 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
The pub is a single room, traditionally laid out with one central bar serving the lounge area and a separate bar area with a darts board. It has a mix of fixed and loose seating, with traditional fireplaces creating a cosy atmosphere.
The small outdoor garden area with artificial grass and picnic style seating is perfect to accommodate extra trade during the warmer months. There is a car park on the opposite side of the road making it easily accessible.
Private Accommodation
Private accommodation consists of three bedrooms, a joint lounge/kitchen and a bathroom. In line with our Ready to Trade Promise, we will ensure the private accommodation is in good condition, so that you can focus on your business.
Estimated Total Ingoing Costs
£19,955
Estimated Minimum Ingoing Costs
£8,760
Annual Rent
£15,121
Estimated Annual Turnover
£213,294
Deposit
£3,780
Estimated Fixtures & Fittings Value
£8,675
Estimated Stock Valuation
£4,000
Estimated Working Capital
£3,500
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:
Grendon Road, Tamworth, B78 1NU
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To 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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