The Cottage Inn, Kenilworth
* Reduced Rent & £20k investment budget *

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

Key Highlights

  • Reduced rent and £20,000 for investment
  • Prominent High Street location in Kenilworth with car park and outside seating area
  • Smart new kerb appeal and signage in place
  • Good sized catering kitchen and dining areas
  • Good sized private accommodation + staff accommodation
  • BII Membership

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 staff rooms or option for letting rooms.

Suitable Applicants

The Cottage would suit operators committed to providing great hospitality, with a desire to engage with their local community, to build the pub’s food offer and focus 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, although we do offer marketing support.

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.
£21,650
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 guarant
£6,000
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
£0
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) 
£0
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)
£4,161pa
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)
£20,000pa
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