under offer
under offer
tenancy
Quorn Way, Binley, Coventry CV3 2JU, UK
Approx. Total Ingoings
£11,750Annual Rent
£5,200The Miners Arms is situated in a prominent position on the edge of a large housing estate on the outskirts of Coventry city centre. The pub comprises of two bars, a lounge, a function or games room, and the good sized kitchen provides a great opportunity to grow trade. The pub mainly caters for the local customers, and sits at the heart of the community. The pub should be operated as a community local, attracting games teams and providing in-house activities, as this is essential to the success of this pub. The new publican must be able to exercise firm control and integrate with the local community, by becoming involved with the local activities and charity events.
Private Accommodation: The private accommodation consists of three generously sized bedrooms, a large lounge, a well-fitted kitchen and bathroom, well suited to a family.
Indoor trading area
The pub comprises two bars; a main lounge and a games room, which could also serve as a function room. Each room can accommodate approximately 40 and 100 covers respectively. The pub is in good condition throughout, with light decor, and a mixture of wooden and tiled flooring. There is a good size kitchen which is capable of supporting a simple pub food offer, whilst also catering for larger parties and functions.
Outdoor trading area
To the front of the pub is a patio area, which can accommodate 30 covers and there is a large shared car park with the shopping precinct.
Regional Manager Comments
The Miners Arms sits at the heart of the local community and the pub should be operated as a community pub, introducing games and activities. We are looking for an experienced publican, with knowledge of running community pubs and who can build a thriving business.
Retail Partnership Tenancy
Beer Garden Private Accommodation Kitchen Cask Ale Function Room
Approx. Total Ingoings
£11,750
Annual Rent
£5,200
Potential Turnover: £199,000 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: £5,200 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: £11,750 (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: £13,500 (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.
