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Location

Nuneaton, Warwickshire | United Kingdom

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Job description

Pub Overview

Historical Country Coaching Inn

As well as benefitting from the locals of Sibson and surrounding villages, the pub is close to the larger towns of Nuneaton and Tamworth, meaning over 200,000 adults are just a 20-minute drive away. In addition, the pub is on the main road to Twycross Zoo, which attracted nearly 650,000 visitors in 2019. The attractive new refurbishment means the pub is well placed to capitalise on this passing trade.

At almost 800 years old, The Cock Inn is blessed with original features, including a thatched roof, exposed beams, open fireplaces, and cosy rooms - giving it a rare and authentic traditional country-pub feel. At the heart of this regeneration will be the fully refurbished dining room, creating a bright lofty space for customers to enjoy the improved food menu in. Decorations throughout the venue will incorporate and highlight the pub's character, including original decorative tiling and framed artwork relating to local histories, such as the Battle of Bosworth. This sympathetic refurbishment will create a wonderful pub that will provide a great destination for customers looking for a great food and drink experience in a stunning environment.

The Cock Inn will be transformed into a characterful coaching inn, offering something for everyone. Serving great food all day, with breakfast, lunch, afternoon tea and standout evening meals. A wide range of quality drinks, from cask ales to specialist gins and spirits as well as a great coffee offer served all day. It will appeal to a wide range of customers with its varied offer, from Locals wanting a casual drink in a cosy setting, families wanting a weekend destination for Sunday lunch or visitors to the area dropping by for a bite to eat after visiting nearby attractions.

Please be aware that all refurbishments are subject to final board approval which will be determined as part of the leasing process.

Where a significant investment is made in a pub by Star Pubs & Bars, an "Investment Exemption" will be required. This means that the option of a Market Rent Option lease won't be available at rent review for a period of up to seven years for this site. This applies to all pubs in England & Wales as per The Pub Code (2016).

If you've benefited from running or owning a pub business, we'd love to hear what experience you can bring.

The right operator for the Cock inn will have extensive experience in destination food outlethospitality businesses. They will have a clear vision for their food & drinks menu and can create a memorable experience for their customers.

If this sounds like the incredible pub opportunity you've been waiting for, apply today and tell us what you can bring to this pubs next chapter…

Features

• Catering Kitchen
  
• Investment Tenancy
  
• Cask Ale
  
• Outdoor Trade
  
• Private Accommodation
  
• Refurbishment Planned
  
• Monthly Billing
  
• Weekly Billing
  

Trading Area & Facilities

The refurbishment will bring this site back to its former glory, as a traditional country coaching inn with a quality modern finish. The internal multi-room layout will create different zones to cater for drinkers and diners alike. More intimate, cosy spaces will be established in the snug rooms off the bar whilst the refurbished dining area will help create nearly 100 internal covers.

The creation of an external courtyard to the rear with festoon lighting and lush planting offers further potential for alfresco drinking and dining.

Private Accommodation

The private accommodation consists of a small Managers flat - full details tbc.

In line with our Ready to Trade Promise, we will ensure the private accommodation is in good condition so that you can focus on your business.

Pub Financials

Annual Rent £
54,783
Estimated Annual Turnover £
669,120
Deposit £
13,696
Estimated Fixtures & Fittings Value £
33,928
Estimated Stock Valuation £
8,000
Estimated Working Capital £
3,500
Estimated Total Ingoing Costs £
59,124
Estimated Minimum Ingoing Costs £
59,124

The above figures are provided as a guide only and will be finalised as part of the commercial agreement. All figures quoted are exclusive of VAT.

Estimated Working Capital is an estimate of key start-up costs such as professional fees, training fee, premises license fee, F&F valuation fee & till floats. There will be additional ongoing charges payable during the term of the agreement such as property maintenance, repairs fund, SmartDispense. These costs will be outlined prior to completing a business plan and finalised at Heads of Terms.

The calculation of the Estimated Minimum Ingoing Costs assumes a minimum deposit of 1 month's rent and that fixtures and fittings (F&F) are rented. The subsequent deposit build up and F&F rental costs should be included in your financial assumptions in your business plan. Note that on FRI and Investment Tenancy Agreements deposits will always be 3 month's rent in advance and fixtures and fittings (F&F) must always be purchased. A deposit of 6 month's rent will be required for operators trading under a Limited Company with no Guarantors. In order to ensure a successful start-up, all applicants must have a minimum £10,000 un-borrowed funds.

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Job tags

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Salary