Plough Inn Bedworth
Smorrall Lane, Bedworth, CV12 0LGAgreement Type:
Just Add Talent
View details for Plough Inn Bedworth
The Crafty Two
The Crafty Two
Corporation Street, Tamworth, B79 7DN Pub Code: 2302936101
Pub Code: 2302936101
Foundation TenancyEst. Annual Turnover: £244,323
Annual Rent: £15,070
Prominent Town Centre pub with established trade and great growth potential
This is an excellent opportunity to build on an already well-established business, enhancing the existing food and drink offer while maximising versatility of the space unlocking additional revenue opportunities.
Externally, the pub benefits from a great gated courtyard area with predominantly covered seating. This is visible to passing trade and a great attraction for passing trade.
What would you do with this pub to make it even more of a success?
The area
The Crafty Two is located in the town of Tamworth, occupying a prominent position by the Bus terminals and Assembly rooms, benefiting from strong visibility and consistent passing traffic.
The pub is within walking distance of Tamworth Collage, as well as Tamworth Market, Ankerside shopping centre and Tamworth Castle Grounds, providing a reliable customer base and opportunities to further develop group bookings, social occasions and event-driven trade.
In an area of around 3500 adults, the diversity in age and affluence creates a varied customer base with different needs and preferences.
The offer
Available on our foundation tenancy agreement. Click here for more information on this agreement. The potential of this pub lies in developing the strong food & drink offer. What food & drinks would you look to implement in the pub?
The site currently has the ability to drive trade via live entertainment. It offers a selection of popular beers, ciders, wines and spirits.
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 a clear vision for growing sales. They will understand the dynamics of town centre trading, demonstrate sound commercial judgement and be passionate about delivering a high-quality and consistent customer experience.
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
- Main bar trading area with mixed height seating
- Dining level seating area
- Total 40+ covers
- External courtyard seating
- Good-sized catering kitchen
Private Accommodation
Private accommodation consists of 3 bedrooms, a living room, kitchen and bathroom
With our 5 Star Promise, the rent at the start of your agreement is fixed until the end of its initial term.
Indicative entry costs range from**:
£8,256 - £24,768
Annual
Estimated Annual Turnover
£244,323
Annual Rent
£15,070
Entry Costs
Deposit
**Deposit build up from 1 month rent
**Deposit build up from 1 month rent
£3,768**
Estimated Fixtures & Fittings Value
**Rented fixtures & fittings deal available
**Rented fixtures & fittings deal available
£14,000**
Stock Valuation
£3,500
Working Capital Required
£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:
Corporation Street, Tamworth, B79 7DN
[]
Selected pub
Other pubs
Nearby events
People also viewed
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
Pub Vacancy Alerts
Register now to receive regular email or text updates when new pubs to let come onto the market and get the latest news from Star Pubs. It’s free and puts you under no obligation.
Register
Want to know more?
To download our no nonsense guide to running your own pub click below.
Download