tenancy
38 Buckingham Rise, Coventry CV5 9HE, UK
Approx. Total Ingoings
£12,850Annual Rent
£19,500The Minstrel Boy is situated in a pleasant residential area on the outskirts of Coventry and is popular amongst locals. Being the only pub within a mile radius, there is a great opportunity for the new publican to capture business from this densely populated area by developing a programme of events and community activity which will appeal to the wide-ranging groups of customers nearby. Increased revenue could be achieved by exploiting the catering kitchen, and the pub games already in place are a real bonus and would allow a new publican to attract pool and darts teams. Internally the pub boasts a large lounge area surrounding the bar, with separate spots for diners, drinkers, and customers wanting to participate in the games on offer. Externally there is large paved patio suitable to enjoy a drink in the sunshine, but also a covered area making this pub a hotspot regardless of seasons. Stonegate are currently seeking a new or experienced publican to integrate themselves within the community and offering them a hub for all their social needs.
Private Accommodation: The private accommodation would suit a couple or small family and is in good condition, with two bedrooms, a kitchen and a lounge.
Indoor trading area
A large lounge surrounds the bar servery and at one end accommodates a pool table, darts throw and television. The remainder of the spacious room has fixed bench seating along the walls whilst loose tables and chairs offer some flexibility for hosting entertainment and events. To the rear of the lounge is a well-equipped trade kitchen which is capable of supporting a pub food menu. The bar servery hosts three cask ales pumps amongst leading brands whilst the back bar offers plenty of space for marketing and merchandising. The dining room is carpeted and finished to a high standard with loose tables and chairs for up to 36 guests.
Outdoor trading area
There is a large paved patio to the side and rear of the premises. The pub benefits from a large wooden and PVC smoking solution, which has lighting, and heating installed. The exterior is well lit and ideal for staging outside events and barbeques. The pub also benefits from a large car park surrounding and has space for 25 vehicles
Regional Manager Comments
The Minstrel Boy is popular with local residents, with more mature customers visiting over lunchtimes whilst a younger demographic of working people frequents the pub in the evenings. The site is in excellent condition and Stonegate is seeking a new publican who is keen to integrate into the community, run events and introduce a food menu.
Retail Partnership Tenancy
Live Music Beer Garden Private Accommodation Kitchen Parking Cask Ale Live Sports Restaurant/Food
Approx. Total Ingoings
£12,850
Annual Rent
£19,500
Potential Turnover: £238,000 per annum
This is an estimate of the potential annual turnover of the pub business. It does not include the financial benefits of any living accommodation, which you will need to consider.
Guide Rent: £19,500 per annum, payable weekly in advance.
The Proposed Agreement: Retail Partnership Tenancy
The Landlord is prepared to discuss other Partnership agreements.
They will also discuss your purchasing options (Wines, spirits, cask, minerals and flavoured alcoholic beverages) which you can choose all, a combination or none. Tie release fees will apply.
Estimated Capital Start-up: £12,850 (excl VAT)
Often referred to as ingoings. Includes stock & glassware at valuation, deposit, refundable at the end of your agreement dependent upon your account being in good order. Up to 2 weeks rent and other contractual charges will be payable in advance. Please note, the actual deposit payable will be 25% of the final agreed rent.
In addition you will need to provide funds for professional advice and a level of working capital - the amount will be dependent on your business plan.
Estimated Fixtures and Fittings Value: £8,750 (excl VAT)
To be discussed with the Regional Manager.
MISREPRESENTATION ACT 1967
My Hospitality Solutions Ltd advises that the contents of these particulars are believed to be correct and Lessees should satisfy themselves that they are accurate.
The information and images displayed about the properties advertised comprise a property advertisement only. My Hospitality Solutions Ltd is not liable for the accuracy or completeness of the advertisement or any linked or associated information and My Hospitality Solutions Limited has no control over the content.
Originally formed in 2010 with 333 pubs, Stonegate Group is now the largest pub company in the UK following 12 major acquisitions. Our vast portfolio is now home to over 4,500 sites which range from Leased & Tenanted to Managed. We strongly believe that the pub is at the heart of British culture and we strive to deliver a fantastic customer experience.
