under offer
under offer
tenancy
Dillotford Avenue, Coventry CV3 5EA, UK
Approx. Total Ingoings
£8,750Annual Rent
£19,000Prominently located on the corner of two roads running through a residential area of Coventry, the recently re-deocrated New Haven offers a fantastic opportunity for an experienced publican, looking to root themselves within the local community. Predominantly attracting custom from local residents, the pub is also frequented by the more discerning clientele, who are invited in by the attractive lounge area and food offer.
Private Accommodation: The private accommodation is spacious and comprises three bedrooms, lounge and domestic kitchen.
Indoor trading area
Recently re-decorated, the New Haven is in great condition, with a fresh feel and new fixtures and fittings. The pub has two entrances, each leading to different bar areas - the public bar and the lounge. These areas are completely separate from each other; the public bar, neutrally decorated, with lino floor coverings, houses the pool table and darts throw and offers a relaxed atmosphere for locals to enjoy a social drink and pub games. The lounge, split across different levels, has both carpeted and wooden flooring, with modern seating for approximately 40 covers and is an ideal area for dining. In addition, the pub benefits from a separate function room, perfect for entertainment including karaoke and discos, as well as private functions. A fully equipped kitchen, with stainless steel units allows for a traditional pub menu - something that the publican can really look to develop.
Outdoor trading area
The enclosed beer garden, with patio and large lawn area, is situated to the rear of the property. With plenty of space for children to play, this is a real attraction for families, particularly in the summer months. The addition of children's play equipment would be a real benefit here. At the front of the pub, there is a tarmacked carpark with generous space for approximately 30 vehicles.
Regional Manager Comments
This is an established and traditional pub in Coventry; a local hub for its loyal customers from the surrounding area who use the pub to socialise and keep up with local events. The new publican has fantastic opportunity to build on this business and increase revenue, by continuing to provide sports viewing and entertainment, but also by looking to build on the food offer, giving locals and customers from further afield, additional reasons to visit.
Retail Partnership Tenancy
Live Music Beer Garden Private Accommodation Kitchen Parking Cask Ale Function Room Live Sports
Approx. Total Ingoings
£8,750
Annual Rent
£19,000
Potential Turnover: £290,000 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: £19,000 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: £8,750 (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: £15,000 (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.
