tenancy
Old Warwick Road, Lapworth, Solihull B94 6NA, UK
Approx. Total Ingoings
£20,750Annual Rent
£55,000The Navigation Inn is an attractive traditional country pub in Warwickshire, taking pride in their great quality ales, varied wines and fresh home cooked food. To the side, there is a tarmac car park with space for 60+ vehicles whilst to the rear there is a raised, paved, covered patio, a magnificent canal side, grassed beer garden and adjacent field. The pub currently offers ample space for private events; from the snug that can offer space for 27 covers, in a more relaxed environment, to the garden, that is directly on the Grand Union canal offering a picturesque setting to enhance the event. We are currently seeking an experienced publican to continue the success of this beautiful pub and continuing to develop its reputation within its local area.
Private Accommodation: Located on the first floor this consists of a kitchen, living room (currently used as an office), bathroom, a single room and two double bedrooms.
Indoor trading area
The entrance from the frontage leads via a large entry lobby into the first of three trading areas, namely the public bar with flagstone floor, ceiling beams, timber servery, fixed pew bench seating and feature wood burning stove, this room oozes character. Off this, and up two steps to the left-hand side is the snug which has more of a lounge feel. Again, having fixed pew bench seating and a wood burner, this area, which has a boarded floor, can be an overspill to either the bar or for dining. The third and final room, which lies to the rear, is the restaurant with a mix of boarded and quality tiled floor, a return access to the timber bar servery, a heavy central beam, this room is fitted to a very high standard and comfortably seats 36 diners. Adjacent to this is the good sized fully fitted trade kitchen and preparation room which includes a walk-in fridge.
Outdoor trading area
The fabulous large grassed beer garden which lies to the rear of the pub is what sunny summer days were made for. There is also a partially covered paved patio area, and car parking for 60+ vehicles. The beautifully presented garden overlooks the canal, creating the perfect environment for alfresco dining.
Regional Manager Comments
We are proud to offer this well-presented pub and restaurant to market. Our ideal publican will have experience of running similar establishments and be able to deliver a high-quality menu and invest in vital areas of the business. I have been successfully working with publicans and developing strong food led offers at unbranded destination businesses for over 20 years. I can help support you grow your business through industry accreditations, knowledge to help you drive sales, food safety standards, menu development feedback and wet sales category management. I am also here to support you across many areas of your business, encouraging and guiding you along the way.
Partnership Incentive Lease
Beer Garden Private Accommodation Kitchen Parking Cask Ale Restaurant/Food
Approx. Total Ingoings
£20,750
Annual Rent
£55,000
Potential Turnover: £0 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: £55,000 per annum, payable weekly in advance.
The Proposed Agreement: Partnership Incentive Lease
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: £20,750 (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: £30,000 (excl VAT)
To be discussed with the Regional Manager.
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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.
