Run a Star Pub - Black Prince Tile Hill Coven - Coventry

Pub Overview

Attractive New Deal – Discounted rent in your first year of only £15,205 per annum exclusive.

The Black Prince is a vibrant community local pub enjoying a location at the heart of Tile Hill. The local area is very densely populated, and the pub sits in the middle of the estate easily accessed by foot by over 7,000 locals. Currently a drinks only site, offering a mainstream range, however, there is opportunity to introduce food through a basic snack menu.

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…

Features

• Catering Kitchen
• Childrens Play Area
• Foundation Tenancy
• Live Sports
• Pub Games
• Smoking Area
• Monthly Billing
• Weekly Billing

Trading Area & Facilities

Internally, the pub is a two bar operation with a main lounge and games room. The lounge area has comfortable bench seating and is decorated with local sporting memorabilia. The games room has pool and skittles tables and is used for weekend entertainment.

Externally, the pub is located on a corner with a large car park to the front. There is a smoking shelter by the main entrance.

Private Accommodation

The private accommodation consists of 3 bedrooms, kitchen & bathroom and a lounge.

Pub Financials

Pub Financials Icon

Estimated Total Ingoing Costs

£24,301

Estimated Minimum Ingoing Costs

£11,767

Annual Rent

£15,205

Estimated Annual Turnover

£435,270

Deposit

£3,801

Estimated Fixtures & Fittings Value

£10,000

Estimated Stock Valuation

£7,000

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.

Downloads

• Demographics Report Download arrow
• Energy Performance Certificate Download arrow