Crown Inn Pershore
Peopleton, Pershore, WR10 2EEAgreement Type:
Investment Tenancy
View details for Crown Inn Pershore
Navigation Willenhall
Navigation Willenhall
39, Fibbersley, Wolverhampton, WV11 3SU Pub Code: 2302869101
Pub Code: 2302869101
Foundation TenancyEst Min Ingoing Costs: £10,458
Annual Rent: £23,500
The Navigation is primely located on the main road just outside Willenhall. It is close to Bentley Bridge retail park and a local football club, both bringing in high levels of footfall. There is easy access to Wolverhampton and Walsall. The pub benefits from being in a fairly densely populated area, with over 13,000 adults within a 20 minute walk time. The main customer base is derived from local community and also benefits from passing trade due to its main road location.
Available on our foundation tenancy agreement. Click here for more information on this agreement. The pub currently has regular bar trade, and the potential of this pub lies in developing a well thought through food & drinks offer. What food & drinks would you look to implement in the pub?
The right operator for the pub will have extensive experience in a similar hospitality business. They will have a clear vision for their food & drinks menu, marketing strategy and can create a memorable experience for their customers. Experience in a kitchen or catering environment is essential to hit the ground running with a strong food offer at the 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
- Main trading area with bar
- Separate dining room
- 36 internal covers
- 30 external covers
- Great catering kitchen
- Large garden with wooden tables and benches as well as a children’s play area
- Car park with 15 spaces
Private Accommodation
Private accommodation consists of 4 bedrooms, kitchen, a living room, bathroom, office.
Estimated Total Ingoing Costs
£34,375
Estimated Minimum Ingoing Costs
£10,458
Annual Rent
£23,500
Estimated Annual Turnover
£386,375
Deposit
£5,875
Estimated Fixtures & Fittings Value
£20,000
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:
39, Fibbersley, Wolverhampton, WV11 3SU
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Freephone:
08085 94 95 96
Email us at
enquiries@starpubs.co.uk
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www.starpubs.co.uk
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