35 Warwick Road, Kenilworth, Warwickshire, CV8 1HN
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.
Recently refurbished, the private accommodation is large enough for a family.
|Annual rent||£47,250 per annum|
|Weekly rent||£908.65 per week fixed|
£47,250 per annum, £908.65 per week fixed and subject to annual RPI increase, which is capped. Paid weekly by direct debit.
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). *Please note, an assisted purchase on the F&F is available for the right operator- adjusted entry fee £30,300*
|Fixtures & fittings||£43,000||Working capital||£5,000|
|Other costs||£1,100||Total entry cost||£62,550|
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.
|Year||Beer (Brls)||Wine & spirits (Ltrs)||Minerals (Ltrs)|
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.