Plough Inn Bedworth

Smorrall Lane, Bedworth, CV12 0LG

  • Plough Inn Bedworth
  • Plough Inn Bedworth
  • Plough Inn Bedworth
  • Plough Inn Bedworth
  • Plough Inn Bedworth
  • Plough Inn Bedworth

Plough Inn Bedworth

Major Investment Planned

The Plough Inn is located on the outskirts of Bedworth, near Coventry. Surrounded by attractive residential areas, there are over 3,200 adults within a 10-minute walk looking for a great drinking and dining venue. Of the little competition in the area, none can match the competitive set of The Plough Inn. With the right marketing and lively entertainment, the incoming lessee has the opportunity to establish a loyal and lucrative customer base.

Post refurbishment, The Plough Inn will be a fantastic local pub where customers will love to spend time. The pub will offer:
  • A fantastic food menu full of delicious pub classics.
  • A premium drinks selection, including quality lagers, wines and an extensive gin range.
  • Great coffee throughout the day.
  • A modern local pub, perfect for casual drinks and food as well as larger community events.
  • Pool, AWP machines and live entertainment for local customers.
Enthusiastic Pub Operator Wanted

The transformational refurbishment, with a new menu full of pub classics and an exceptional beer garden, will create a stand-out destination pub capable of trading at all points of the day. An extensive drinks offering will include premium lagers and gins, which will attract local customers looking for a vibrant place to socialise. This is a pub with great potential - all we're missing is the right person to drive it forward. So, could that be you?

Pub Features

  • Rolling Tenancy
  • Refurbishment Planned
  • Catering Kitchen
  • Live Sports
  • Pub Games
  • Weekly Billing
  • Monthly Billing

Trading Area & Facilities

The existing bar serveries will be refurbished and decorated in line with the friendly and modern look and feel of the pub. They will remain separate to better serve the needs of customers in the lively locals bar and the more refined lounge and dining area.

The bar area will be refurbished and redecorated with a feature fire and AWP machines to create a cosy yet lively space for locals to enjoy a relaxed drink.

The lounge and dining area will be refurbished to support the new and improved food offering, matching the overall look and feel of the pub. It will also be the perfect space for customers to enjoy a quiet, relaxed drink.

Externally, the existing beer garden will be refurbished to match the premium interior offer. The space will become a welcoming and vibrant area for customers to enjoy a drink during the warmer months. Works will include:
  • Retaining and decorating the existing concrete garage.
  • Removing the existing shed, and adding topsoil and lawn grass to create a new grassed area.
  • Jet washing the existing flagged patio area to the rear.
  • Retaining the existing smoking solution, adding additional lighting and a new stain coat.
  • Retaining the existing timber store cupboard.

Private Accommodation

The private accommodation consists of bedrooms, kitchen & bathroom and a lounge and where required there will be appropriate works carried out in line with the Star Pubs & Bars Ready to Trade Promise.

Premises Licence Details

For full licensing details, please refer to the premises license.

Premises Licence Opening Hours

Mon Tue Wed Thu Fri Sat Sun
10:00 - 00:30 10:00 - 00:30 10:00 - 00:30 10:00 - 00:30 10:00 - 00:30 10:00 - 00:30 11:00 - 00:00

Financials

Annual Rent £
22,000
Estimated Annual FMOP (Licensee Profit) £
25,883
Representative HEINEKEN UK Brand Discount Per Barrel £
150
Estimated Annual Turnover £
254,139
Estimated Annual Barrelage
221

“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 £
33,740
Estimated Fixtures & Fittings Valuation Fee £
250
Estimated Stock Valuation £
3,500
Deposit Amount £
5,500
Rent In Advance £
423
Training Fee £
1,000
Estimated Designated Premises Supervisor / Manager Fee £
50
Premises Licence Fee £
180
Rates Assessment Fee £
55
Estimated Legal Fees £
650
Estimated Total Ingoing Costs £
45,348
Estimated Minimum Ingoing Costs £
44,258

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 £
2,514
Estimated Annual Maintenance Compliance Charge £
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