White Lion Bulkington

Leicester Street, Bedworth, CV12 9NQ

  • White Lion Bulkington
  • White Lion Bulkington
  • White Lion Bulkington
  • White Lion Bulkington

White Lion Bulkington

Extensive Refurbishment Planned

A major refurbishment will transform The White Lion from a tired wet-led local into a pub that's packed with character, which offers a standout food offer. Customers will be able to enjoy the new menu either in the new luxurious rear dining area, or in the new outdoor dining space set in an outstanding beer garden. Enhanced by sanded timber finishes, plush leather seating and tasteful artwork, The White Lion is set to become the go-to destination pub in the area.
The White Lion is situated in the picturesque village of Bulkington, near Coventry. Its enviable location on a busy main road, means there are 4,700 potential customers within a 20-minute walk and over 200,000 within just 20 minutes' drive. The new food menu and transformational works mean the pub is well placed to expand its local customer base and attract those from further afield.
Currently a wet-led pub with a largely male customer base, its diverse new offering will expand The White Lion's current customer range, making the pub the perfect place for locals to eat, drink and socialise. A beautiful new dining area, a new children's outdoor play area and a relaxed indoor/outdoor dining space, will make The White Lion the standout pub in the area.
Following the refurbishment, The White Lion will appeal to a broad range of customers in the local area. These include:

Business people, shoppers and older customers from the local area looking to enjoy a lunchtime meal.
  • Families with children looking for a mid-week or weekend treat in the refreshed terrace or dining area.
  • Groups of friends looking for local entertainment such as quiz nights or live sports.
  • Local couples and friends wanting to enjoy a casual drink or a relaxed bite to eat.
The White Lion will be transformed into a modern and welcoming pub, offering:
  • A premium drinking and dining venue in the local area.
  • A great food menu, featuring locally sourced meat and fish, and simple classics with a twist.
  • A refreshed beer garden and outdoor area, perfect for barbecues and al fresco dining in the summer.
  • A quality coffee offer throughout the day.
  • A great drinks selection including quality ales, beers, ciders, wines and spirits


Friendly and Outgoing Publican Wanted

We are seeking an innovative community operator with a talent for customer service, who can become the heart of community, demonstrate great business acumen and has a passion for pubs that will take this pub to the next level. We would like to see you bring your own ideas and flair to make the most of this great opportunity.

Pub Features

  • Rolling Tenancy
  • Car Parking
  • Catering Kitchen
  • Live Sports
  • Outdoor Trade
  • Private Accommodation
  • Pub Games
  • Weekly Billing
  • Monthly Billing

Trading Area & Facilities

Internally The existing bar servery will be restructured and decorated in line with the overall look and feel of the pub. The updated servery shape will better serve all trade areas of the pub. Subtle zoning will be introduced to the bar area to allow customers to enjoy a casual drink or small bite to eat depending on the occasion. Exposed wood finishes, soft textures and a deep colour palette will establish a traditional yet premium feel throughout.
At the rear of the pub, the pool table and games area will be stripped to allow a new dining area to be formed. It will be decorated with luxurious finishes to create a premium pub feel.
The kitchen will be reconfigured to support the pub's output and aid it in becoming a standout destination dining venue
in the area. New appliances and equipment will be installed where necessary.

Externally The pub exterior, lighting and signage will be refreshed. The transformation will enhance site visibility, highlight the
pub's offering and complement the new look of the interior. The terrace will be massively enhanced to create a vibrant space for the whole community to enjoy, with a new children's play area and contemporary indoor/outdoor dining area.

Applicants should be aware that all refurbishments are subject to final board approval which will be determined as part of the leasing process.

Where a significant investment is made in a pub by Star Pubs & Bars, an "Investment Exemption" will be required. The exemption means that the option of a Market Rent Option lease won't be available at rent review for a period of up to seven years for this site, as per The Pub Code (2016).



Private Accommodation

The private accommodation consists of three 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 premises license details, please refer to the premises license.

Premises Licence Opening Hours

Mon Tue Wed Thu Fri Sat Sun
11:00 - 23:30 11:00 - 23:30 11:00 - 23:30 11:00 - 23:30 11:00 - 23:30 11:00 - 23:30 12:00 - 23:00

Financials

Annual Rent £
36,750
Estimated Annual FMOP (Licensee Profit) £
38,424
Representative HEINEKEN UK Brand Discount Per Barrel £
125
Estimated Annual Turnover £
496,651
Estimated Annual Barrelage
280

“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 £
25,000
Estimated Fixtures & Fittings Valuation Fee £
250
Estimated Stock Valuation £
6,000
Deposit Amount £
9,188
Rent In Advance £
707
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 £
43,080
Estimated Minimum Ingoing Costs £
39,311

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 £
2,058
Estimated Annual Maintenance Compliance Charge £
0
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