tenancy
Alderman's Green Road, Coventry CV2 1PQ, UK
Approx. Total Ingoings
£17,750Annual Rent
£23,000The Bird in Hand has a great feel and is the centre of the local community, due to its main road location. Internally, the traditional décor runs across both main areas. The pub has a beautiful garden to the rear and a large car park to the side of the pub. The new publican will look to give the business a broader appeal by delivering an offer that appeals to both families and the wider market. The pub has a loyal, local customer base and there is potential to further develop the food offer, both at lunchtimes and evenings. This opportunity would be equally suitable for either an experienced publican who should be able to adapt to the local market and engage fully with the local community.
Private Accommodation: The private living accommodation comprises of two bedrooms, a bathroom, lounge, and kitchen. This spacious living area is in good decorative order throughout and overlooks the pub garden.
Indoor trading area
The Bird in Hand has three open plan rooms leading from it, for casual drinking. One of the rooms has a pool table and darts board and could be further developed as a sports bar. The bar area is capable of hosting and showing live sporting events the pub is in good condition although there is plenty of opportunity for a new publican to enhance the bar and the rooms. The pub has occasionally offered live entertainment, and this could be enhanced to provide further revenue and growth for the business. Further potential exists to increase the cask offer with a separate area for ales.
Outdoor trading area
Outside there is a picturesque garden terrace adorned with flowerbeds and features. There is also a children's playground, lawn, and a large, tarmacked car park to the front and rear of the pub with space for 20 vehicles. Due to the enclosed setting of this area, it is known to be safe for families and children to enjoy the sunshine in the warmer months.
Regional Manager Comments
The Bird in Hand presents a great opportunity for an experienced publican to develop this successful pub and to further enhance the trading areas. Our ideal publican will have experience of running similar establishments and is willing and capable of immersing themselves within the local community, whilst also driving this pub forward with its offerings and together we will partner you to grow the pub into a great business.
Retail Partnership Tenancy
Live Music Beer Garden Private Accommodation Parking Cask Ale Children's Play Area Live Sports
Approx. Total Ingoings
£17,750
Annual Rent
£23,000
Potential Turnover: £268,000 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: £23,000 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: £17,750 (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: £10,000 (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.
