The Crafty Two

Corporation Street, Tamworth, B79 7DN

  • The Crafty Two
  • The Crafty Two
  • The Crafty Two
  • The Crafty Two
  • The Crafty Two
  • The Crafty Two

The Crafty Two

Fantastic location

The Crafty Two will play a pivotal role in the master plan to revamp this part of Tamworth's town centre. Nearby investments include the £6.2m refurbishment of the local assembly rooms across the road, the creation of a new restaurant and enhancements to the public highway/footpaths. It is also very close to the drop off point for several public transport routes for the town. There is a considerable amount of regeneration happening within the area, meaning the pub is a prime location.

Star Pubs and Bars recently completed an extensive refurbishment here and created a stand out pub with a strong focus on craft ales. With its rustic appeal, it has the fantastic opportunity to attract new customers and create something unique to the local area. The introduction of a quality and varied food and coffee offer, combined with a fantastic outside area will ensure the pub attracts a wealth of new customers.

Great Potential

This is a pub with incredible potential to develop a niche craft offer in this fast-developing area of Tamworth, all we're missing is an entrepreneur with the skills to develop a brand new business and engage with the Tamworth community. Could that be you?

BDM Vision

"This will be the place to go in Tamworth to meet with friends and colleagues for a business meeting over a coffee or even a breakfast, or maybe to pick up a takeaway coffee while waiting for your bus from the town's main bus terminal right outside the pub. You will be able to get a light lunch and maybe dine in the courtyard during the summer months.

In the evening you will be able to meet with friends for a quiet pint of the finest craft ales and a great meal, or maybe join in on an open mike night with the best of local talent. This will be a chameleon pub changing its feel to match the time of day".


Pub Features

  • Rolling Tenancy
  • Music Venue
  • Catering Kitchen
  • Outdoor Trade
  • Private Accommodation
  • Smoking Area
  • Cask Ale
  • Weekly Billing
  • Monthly Billing

Trading Area & Facilities

Internally the pub has a front area with vertical drinking and higher seating for those that want to meet and drink with friends whilst the rear section has boothed seating and a more relaxed dining style feel. There is a new catering kitchen, to allow the introduction of a simple, fast-paced food offer.

To the rear, the outside trading area has a mix of seating and floor finishes, it stands out as a great outdoor area and is visible to passing footfall. There is a covered area, with decked flooring, fixed seating and decorative bric-a-brac, to allow customers to enjoy the outside offer throughout the year.

Private Accommodation

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

Premises Licence Details

Please refer to the Premises Licence for full details.

Premises Licence Opening Hours

Mon Tue Wed Thu Fri Sat Sun
10:00 - 00:00 10:00 - 00:00 10:00 - 00:00 10:00 - 01:00 10:00 - 01:00 10:00 - 01:00 11:00 - 00:00

Financials

Annual Rent £
33,250
Estimated Annual FMOP (Licensee Profit) £
34,974
Representative HEINEKEN UK Brand Discount Per Barrel £
125
Estimated Annual Turnover £
446,004
Estimated Annual Barrelage
247

“The above figures are provided as a guide only and will be finalised as part of the commercial agreement (please download the rent model from Trading Information section for full financial details).

** All figures quoted are exclusive of VAT

*** FMOP = Fair Maintainable Operating Profit

Investment

Ingoing Costs
Estimated Licensee Fixtures & Fittings Value £
27,500
Estimated Fixtures & Fittings Valuation Fee £
250
Estimated Stock Valuation £
6,000
Deposit Amount £
8,313
Rent In Advance £
639
Training Fee £
1,000
Estimated Designated Premises Supervisor / Manager Fee £
50
Premises Licence Fee £
295
Rates Assessment Fee £
55
Estimated Legal Fees £
650
Estimated Total Ingoing Costs £
44,752
Estimated Minimum Ingoing Costs £
14,071

In order to ensure a successful start-up, all applicants must have a minimum £10,000 un-borrowed funds.

The Estimated Licensee Fixtures & Fittings (F&F) Value assumes that the pub will be let on a Rolling Tenancy or Business Start-Up Agreement, where we own the majority of the F&F. The F&F Value for Full Repairing & Insuring Leases will be significantly more.

The calculation of the Estimated Minimum Ingoing Costs assumes a minimum deposit of 1 month's rent or £3,000 (whichever is greater) and that fixtures and fittings (F&F) are rented. The subsequent deposit build up and F&F rental costs are not included in the rent model or ongoing costs below.

Other SP&B Ongoing Charges
Estimated Annual Buildings Insurance £
TBC
Estimated Annual Maintenance Compliance Charge £
1,565
Estimated Annual Accountancy & Stocktaking Charge (including tills) £
6,108

The above figures are provided as a guide only and will be finalised as part of the commercial agreement (please download the rent model from Trading Information section for full financial details)

* All figures quoted are exclusive of VAT

** Deposit build up will be payable over a maximum of 24 months

*** Fixtures and Fittings annual rental fee should be estimated at 15% of the F&F value. The actual F&F value will be determined on the day of entry

**** Maintenance Compliance Charge relates to the fees for various statutory inspections

***** Estimated Legal Fees is a charge applied to your account by SP&B for creation of your Lease. You are required to engage and pay for your own solicitor - your solicitor's fees are not included in the above estimate

****** The above figures assume that rent is billed weekly in advance and that Star Pubs & Bars retain ownership of large fixtures and fittings. Initial costs for a Fully Repairing and Insuring lease will be higher as rent is invoiced monthly in advance and all fixtures and fittings must be purchased