Rugby, CV21 3BX
Bar 29 is an attractive one room operation community pub, prominently located in the town centre of Rugby, just off the market square. It is surrounded by other licensed premises and retail operations with a large footfall. The town centre is lively throughout the day with shoppers and with an array of nightlife in the evenings and weekends. Rugby is the second largest town in the UK on the east side of Warwickshire bordering Leicestershire and Northamptonshire. There is easy transport links to the M6, M1 and M45 all within a ten minute drive of the town centre.
The stated ingoing figures are correct at point of advertising. Please be aware there may be additional costs.
On entrance there is a long well equipped bar to the right hand side servicing an open-plan room with the comfort of loose seating throughout. There is also a raised area is at the front of the trading room which hosts live entertainment such as bands, karaoke and DJ’s. The pub has multiple television screens for a live televised offer which should include offering Sky Sports / BT Sports to attract further custom. The toilets are located towards the rear of the building and in good order. The new tenant may wish to gain a pavement licence.
Bar 29 is Rugby’s premier live music venue and has recently been refurbished to a very high standard. There is a fantastic range of draught lagers, bitters, ciders with a large selection of cocktails and also benefits from a late 2am licence. It is drinks focused operation of which the retail offer could be expanded with a sports offer, being beneficial to increase day trade and weekends prior to entertainment. The five letting rooms provide a multiple revenue stream.
Private Accommodation The accommodation is spread over two floors ,currently it has a one bedroom studio with kitchen and lounge situated on the first floor. However there is scope to either extend this private accommodation or create letting rooms with the additional five rooms however this would require some works and compliance
Annual Rent: £21,000
Security Deposit: £5,000
Working Capital: £3,000
Fixtures and Fittings: Upon Valuation – funding options available for the right licensee.
Tie: All drinks categories are tied. For fully funded licensees on long term agreements, we offer free-of-tie options for certain drinks categories in exchange for an annual fee.
Training: £250 plus VAT For a breakdown on financial information, please refer to the ‘Additional Info’ tab.
The pub needs to be a chameleon offer with the potential to trade to day, evenings and weekends. There is an opportunity to think differently around the retail offer and we would be open to ideas such as a bespoke craft or spirit offer depending on feedback – could suit a local brewery or continue to cater for entertainment . We would consider a capital refurbishment spend with the right licensee.
MISREPRESENTATION ACT 1967
The Love Your Pub Group gives notice that the contents of these particulars are believed to be correct but are given without responsibility and intending purchasers or lessees should satisfy themselves by inspection or otherwise to their correctness. These particulars do not form any part of any offer or contract and no person in the employment of the company has any authority to make or give representation of warranty to this property.