Lion

35 Warwick Road, Kenilworth, Warwickshire, CV8 1HN

Gallery

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Pub overview

A fantastic opportunity to take over this traditional High Street pub in a popular Warwickshire Town.

Opening from 8am, this popular High Street pub provides a cosy spot for lunch and meeting with friends. TV sport is a draw for evenings and weekends, along with live entertainment and DJ's later into the night.

A single trading room wraps around a central bar counter providing flexible trading space. A partially covered patio to the rear.

Trade space
Bars 1
Food covers 30
Trade kitchens 1
Patio areas 1

Recently refurbished, the private accommodation is large enough for a family.

Private space
Private Rooms 8
Lounge 1
Single Bedrooms 1
Double bedrooms 2
Private Kitchen 1
Bathrooms 1
Toilets 1
Office 1

Rent information

Annual rent £47,250 per annum
Weekly rent £908.65 per week fixed
Notes

£47,250 per annum, £908.65 per week fixed and subject to annual RPI increase, which is capped. Paid weekly by direct debit.
Machine income free of tie

Entry costs approx £62,550 which includes fixtures and fittings, stock, glassware, crockery, cutlery, fuel and cleaning materials, legal, brokers and stocktaking fees, training fees, schedule of condition, working capital and deposit (25% of head rent, minimum £6,000).

Brokers £675 Legal £825
Deposit £11,800 Stocktaking fees £150
Fixtures & fittings £43,000 Working capital £5,000
Other costs £1,100 Total entry cost £62,550

Agreement description

Standard Tenancy Agreement
A fixed 5 year term agreement which is contracted out of the Landlord and Tenant Act 1954
•Tie variations available
•Rent set at the start of the agreement, subject to the annual Retail Prices Index (RPI) which is capped
•Flexible pricing options available
•Greene King is responsible for the structure of the building
•Ability to end agreement with 6 months notice at any time with standard notice fee equal to 3 months rent

You will need to estimate the turnover you expect to achieve from the pub, with regard to food and accommodation (if applicable). Barrelage figures are given to assist you with calculations.

Calculators to help you are available on the business planning section of our website.

Trading volumes

Year Beer (Brls) Wine & spirits (Ltrs) Minerals (Ltrs)
2017/18 342 2,447 19,883
2016/17 435 3,160 18,510
2015/16 418 2,757 6,397
Volume notes

Location

Kenilworth is a town and civil parish in Warwickshire, England, about 6 miles south-west of the centre of Coventry, 5 miles north of Warwick and 90 miles north-west of London. The town is on Finham Brook, a tributary of the River Sowe, which joins the River Avon about 2 miles north-east of the town centre. The pub occupies a prime spot on Kenilworth High Street and the newly refurbished Lion is ready to trade as Kenilworth's Local on the High Street.

Facilities

Trade bar
Trade kitchen
Trade patio

Current premises licence opening hours

Sunday-Wednesday- 08:00hrs-01:00hrs Thursday-Saturday- 08:00hrs-02:00hrs

Contact Us

Mark Horton

Business Development Manager

Call the Recruitment team on 01284 714 497

Apply online
“ Occupying a prime spot on Kenilworth High Street, the newly refurbished Lion is ready to trade as Kenilworth's Local on the High Street. We are looking for enthusiastic individuals who have high standards, are brilliant with people and a drive to succeed. ”