- Prominent location in thriving Kenilworth town centre
- Additional income from letting rooms
- Pub offered with investment to enhance external appearance and refresh interior
- Profit potential in the region of £40000 per year
- Payment plan available for fixtures and fittings
Located on the approach to the centre of Kenilworth, within easy reach of the town's sizeable population, the Cottage Inn occupies a prominent location and has a good roadside presence. Known locally for its welcoming nature and praised for its menu of freshly cooked hearty pub food, the pub also boasts an impressive selection of beers, wines, spirits and soft drinks to appeal to all tastes.
The Cottage Inn’s trading area is split into several sections: a large central bar is complemented by a quieter lounge area and garden, again meaning the pub has something to suit all occasions and preferences. This versatility has made it a regional favourite with everyone from young families to senior citizens’ groups, and a consistently strong level of trade established by the previous operator means the Cottage Inn is primed for a fresh injection of ideas and enthusiasm.
The Cottage Inn would suit an experienced operator with the maturity and empathy to tailor the pub’s offer to the varied customer base that frequents it. Marketing know-how will be essential in promoting all the pub has to offer to its sizeable local customer base, as will strong financial skills to maximise food profits margins from the well-equipped catering kitchen.
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.||£26,200|
|Security Deposit Approximate figure, paid in advance to Wells & Co. Ltd held to cover credit and rental charges. Returnable at the end of the agreement.||£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||£500|
|Administration Fee in the region of(payable to Wells & Co. Ltd in advance) to cover e.g. premises license changes, solicitors fees, and agreement.||£400|
|Advance Rent in the region of(usually 1 month)||£TBC|
|Working Capital Minimum working capital required||£10,000|
|Fixtures and Fittings Estimated valuation (paid to the outgoing licensee via the valuer at least 7 days in advance) 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|
|Service Charge Payable monthly, to include: Cellar cooling service, Buildings insurance, Fire Compliance, Boiler maintenance (tenancies only). NICEIC Electrical Test (tenancies only)||£2,009pa|
|Accountancy Services fees for a nominated accountant||£2,600pa|
|Stocktaking Services We recommend all licensees should have six professional stocktakes per annum||£1,600pa|
|Rent In the region of (payable monthly in advance)||£40,000pa|