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RegisterShilton Arms Shilton
Shilton Arms Shilton
Church Road, Coventry, CV7 9HX Pub Code: 2303251101
Pub Code: 2303251101
Foundation TenancyEst Min Ingoing Costs: £11,208
Annual Rent: £32,500
Well established community pub with great cask ales.
The Shilton Arms is located in the village of Shilton just 2 miles from Coventry. It is also close to Ansty Hall and the Ansty Golf Centre. This is the only pub in the village and only 1 of 2 in the immediate area. The customer base is currently mainly older folk with medium plus affluence
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 great offer and build up drinks trade locally
The site currently has the ability to drive trade via a daily lunch menu. It is currently very food driven and we believe the offer could be widened to a broader audience and become of a community hub. The Pub offers a selection of popular beers, ciders, wines and spirits, as well as 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 similar hospitality business. They will have experience in cask ales and good established food skills. They will retain the warmth of the pub and be able to build on this well-established and loved pub.
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
- One bar operation
- 58 internal covers
- 50 +external covers and scope for further
- Good size full commercial kitchen
- Outdoor areas including to the rear of the pub and behind the car park, which is a huge untapped area
- 30 + car park spaces
Private Accommodation
Private accommodation consists of 3 bedrooms, a living room, bathroom, kitchen
Estimated Total Ingoing Costs
£34,625
Estimated Minimum Ingoing Costs
£11,208
Annual Rent
£32,500
Estimated Annual Turnover
£379,815
Deposit
£8,125
Estimated Fixtures & Fittings Value
£18,000
Estimated Stock Valuation
£5,000
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:
Church Road, Coventry, CV7 9HX
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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
