If you are looking for pubs to let in Coventry, The Miners Arms is available !
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Pubs To Let In Coventry – The Miners Arms Is Available !
Pubs To Let In Coventry – The Miners Arms Is Available !
The Miners Arms is situated in a prominent position on the edge of a large housing estate on the outskirts of Coventry city centre. The pub comprises of two bars, a lounge, a function or games room, and the good sized kitchen provides a great opportunity to grow trade. The pub mainly caters for the local customers, and sits at the heart of the community. The pub should be operated as a community local, attracting games teams and providing in-house activities, as this is essential to the success of this pub. The new publican must be able to exercise firm control and integrate with the local community, by becoming involved with the local activities and charity events.
The stated ingoing figures are correct at point of advertising. Please be aware there may be additional costs.
The Miners Arms is situated in a prominent position on the edge of a large housing estate on the outskirts of Coventry city centre. The pub comprises of two bars, a lounge, a function or games room, and the good sized kitchen provides a great opportunity to grow trade. The pub mainly caters for the local customers, and sits at the heart of the community. The pub should be operated as a community local, attracting games teams and providing in-house activities, as this is essential to the success of this pub. The new publican must be able to exercise firm control and integrate with the local community, by becoming involved with the local activities and charity events.
Indoor trading area
The pub comprises two bars; a main lounge and a games room, which could also serve as a function room. Each room can accommodate approximately 40 and 100 covers respectively. The pub is in good condition throughout, with light decor, and a mixture of wooden and tiled flooring. There is a good size kitchen which is capable of supporting a simple pub food offer, whilst also catering for larger parties and functions.
Outdoor trading area
To the front of the pub is a patio area, which can accommodate 30 covers and there is a large shared car park with the shopping precinct.
Your living accommodation
The private accommodation consists of three generously sized bedrooms, a large lounge, a well-fitted kitchen and bathroom, well suited to a family.
Surrounding area
The pub is located on the outskirts of Coventry city centre, amongst a large residential housing estate and a small shopping precinct. There is a primary school and academy nearby, whilst the A46 Coventry Eastern bypass and A428 Rugby Road are also easily accessible.
Local competition
Roseycombe,Rugby Road, Coventry, CV3 2AY (0.3 mi)
Cocked Hat,Rugby Road, Coventry, CV3 2AY (0.3 mi)
Royal Oak,Station Road, Coventry, CV8 3HR (1.1 mi)
Standard Bearer,Santos Close, Coventry, CV3 2FG (1.2 mi)
Toby Carvery,Brinklow Road, Coventry, CV3 2DS (1.2 mi)
Potential Turnover
£268,000.00 per annum
This is our estimate of the potential annual turnover of the pub business. It does not include the financial benefits of any living accommodation, which you will need to consider.
Partnership Terms
Guide Rent: £12,000.00 per annum, payable weekly in advance.
Discounts are variable, your Regional Manager will discuss this with you.
The proposed agreement: Beacon Retail Partnership Tenancy
(Key terms available online here).
Estimated Capital start-up
£13,500.00 (excl VAT)
Often referred to as ingoings. Includes stock & glassware at valuation, deposit (calculated as 25% of £12,000.00), refundable at the end of your agreement dependent upon your account being in good order. Up to 2 weeks rent and other contractual charges will be payable in advance. Please note, the actual deposit payable will be 25% of the final agreed rent.
In addition you will need to provide funds for professional advice and a level of working capital – the amount will be dependent on your business plan.
Estimated fixtures & fitting value
To be discussed with the Regional Manager.
Rateable Value
£14,000
Uniform Business Rate April 2017 47.9p (England) 47.9p (Wales). To establish the rate payable, please contact the relevant Local Authority.
For further information regarding the April 2017 revaluation, please visit www.tax.service.gov.uk/view-my-valuation/search
Regional Manager’s thoughts on the Miners Arms
The Miners Arms sits at the heart of the local community and the pub should be operated as a community pub, introducing games and activities. We are looking for an experienced publican, with knowledge of running community pubs and who can build a thriving business.
Katherine, Regional Manager
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