Pub Overview

The Roseycombe Pub Refurbishment Opportunity!

We’re planning a complete refurbishment of the Roseycombe in Binley Woods, near Coventry, and we’re looking for a motivated licensee to take it to the next level. With a large community within a 10-minute walk and only one other pub nearby, this location has great potential. The pub will have new flooring, re-upholstered seats, an upgraded bar, new kitchen equipment, and refreshed toilets, along with a fantastic outdoor space. It’s set to be a premium local spot that will appeal to all ages and mixed groups. Elevate Your Investment: Witness the Transformation Do you have an entrepreneurial spirit and can create a lively atmosphere and maximise the pub’s potential? The site includes 70 covers and first-floor private accommodation with three bedrooms, kitchen and a living area.

Features

• Car Park
  
• Cask Ale
  
• Catering Kitchen
  
• Outdoor Trade
  
• Private Accommodation
  
• Pub Games
  
• Smoking Area
  
• Live Sports
  
• Investment Tenancy
  
• Refurbishment Planned
  

Trading Area & Facilities

• Open plan trading area
• Separate dining area in conservatory
• 80 internal covers
• 30 external covers
• Catering kitchen
• Garden room
• SmartDispense
• Large garden
• Car park with 40 spaces

We are planning on refurbishing these areas

Bar Area


•New solid timber top & back bar.


• Front panelling to bar.


• New vinyl flooring.


• Clean existing tiled apron.


• Mix of refurb and new F&F (Mid Height Tables).


• Full re-decoration throughout.


• New carpet to bottom dining spaces.


• Re-upholster existing fixed seating. Conservatory


• New carpeting.


• Mix of refurbished and new F&F.


• Existing Bi-fold doors removed. Toilets


• Full redecoration to Ladies’ & Gents’ toilets.
• Redesign of toilets to be more accessible.

Private Accommodation

The Private accomodation consists of 3 bedrooms, Livingroom, kitchen and bathroom.

Pub Financials

Annual Rent £
54,695
Estimated Annual Turnover £
702,095
Deposit £
13,674
Estimated Fixtures & Fittings Value £
31,292
Estimated Stock Valuation £
10,000
Estimated Working Capital £
3,500
Estimated Total Ingoing Costs £
58,466
Estimated Minimum Ingoing Costs £
58,466

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.