The Cottage Inn, Kenilworth

The Cottage Inn, Kenilworth

  • The Cottage Inn, Kenilworth gallery image
  • The Cottage Inn, Kenilworth gallery image
  • The Cottage Inn, Kenilworth gallery image
  • The Cottage Inn, Kenilworth gallery image
  • The Cottage Inn, Kenilworth gallery image
  • The Cottage Inn, Kenilworth gallery image
  • The Cottage Inn, Kenilworth gallery image
  • The Cottage Inn, Kenilworth gallery image
  • The Cottage Inn, Kenilworth gallery image
  • The Cottage Inn, Kenilworth gallery image
  • The Cottage Inn, Kenilworth gallery image
Gallery View

Key Highlights

  • Prominent location in thriving Kenilworth town centre
  • Additional income from 5 letting rooms
  • Site is offered after recent refurbishment
  • Local and loyal customer base
  • Payment plan available for fixtures and fittings

Pub Overview

The Cottage presents an enticing opportunity to take on a popular community-focused local pub and benefits from live-in accommodation. Located on the approach to the centre of Kenilworth, within easy reach of the town's sizeable population, The Cottage occupies a prominent location and has a good roadside presence. There is a car park for approx 15 vehicles, a seating area with space for ten picnic benches and 5 letting rooms.

Suitable Applicants

The Cottage would suit operators committed to providing great hospitality, with a desire to engage with their local community, enhance the pub’s food offer and build upon a strong reputation for community activity. Financial know-how is required to maximise the pub’s profit potential, as is marketing experience in order to promote The Cottage's events programme to the wider area. Customer age profile is 40+ which suggests a more mature applicant would be suitable.

Financial Overview

ANTICIPATED INVESTMENT REQUIRED

We estimate the Investment required for this pub would be as follows:

APPROXIMATE TOTAL Please note that these are estimated figures, given as a guide only, and do not include fixtures and fittings. £28,841
Security Deposit   Security Deposit. Payable in advance to Wells to cover charges incurred by your business. If your business is to operate as a limited company a bond of £10,000 is required together with a personal guarantee for all directors.  £10,000
Stock and Glassware in the region of(paid to the outgoing licensee on the day of changeover) to cover the value of opening stock. £4,500
Valuers Fees in the region of(paid to valuer) for valuing fixtures and fittings. £800
Training Course Fees per person(payable to Wells & Co. Ltd) 5 day CRISP induction course mandatory for all licensees – NB £800 for two people £550
Administration Fee in the region of(payable to Wells & Co. Ltd in advance) to cover e.g. premises license changes, solicitors fees, and agreement. £450
Advance Rent in the region of(usually 1 month)  £2,541
Working Capital  Minimum working capital required £10,000
Fixtures and Fittings Estimated valuation to purchase e.g. carpets, curtains, tables and chairs, kitchen equipment. The successful applicant must reply upon the valuation provided by their appointed lice £TBC
ANTICIPATED RETAINED INCOME
Drink Sales 60%
Food Sales 24%
Room Sales 16%

Ongoing Costs

Service Charge Payable monthly, to include: Cellar cooling service, Buildings insurance, Fire Compliance, Boiler maintenance (tenancies only). NICEIC Electrical Test (or £4994.32 inc extract cleaning) £2,969pa
Accountancy Services fees for a nominated accountant £3,000pa
Stocktaking Services Six professional stocktakes per annum £2,610pa
Rent In the region of (payable monthly in advance) £30,500pa
Please note that these are estimated figures, given as a guide only. Goods and services may be subject to VAT.

Pub Details

36 Stoneleigh Road, Kenilworth, Warwickshire, Warwickshire, CV8 2GD
Community local
Total Investment 20k - 30k
Potential Partner Profit £35,000
Enquire About This Pub

Could this be the pub for you?

Please ring 01234 244453 to speak with our recruitment team