Lion

35 Warwick Road, Kenilworth, Warwickshire, CV8 1HN

KENILWORTH HIGH STREET

The Lion at Kenilworth is a town centre pub which is surrounded by other shops and businesses. The site currently trades at 100% wet led but offers the potential to add a basic food offer. This opportunity would suit a single operator or couple who can build upon the pubs growing drinks trade. The Lion operates very much as a traditional pub, with sport on TV, regular entertainment, and live music. There is the potential here for capital development in the future to refurbish the pub once the right new partner has been identified.

Location

Kenilworth is a town and civil parish in Warwickshire, 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.

Business Information

Annual rent

£15,000

Weekly rent

£288

Entry costs

£18,400

Turnover royalty

n/a

Forecasted Operator Turnover

£390,154

Forecasted Operator Profit (inc machine profit)

£29,898

Forecasted Operator Machine Profit

£15,000

Average Beer & Cider Discount*

Preferred

Type of Tie

Full tie: Access to Discounted Wines, Spirits & Minerals Price List

Agreement

1 year foundation agreement. Machine income shared 50/50.

Entry costs approximately £18,400, which includes stock, glassware, crockery, cutlery, fuel and cleaning materials, legal, brokers and stocktaking fees, training fees, schedule of condition, working capital and deposit which is £6,000. Fixtures and Fitting will be rented with weekly payments made.

Deposit

£6,000

Fixtures & Fittings

£0

Legal Admin Fee

£350

Broker Fee

£750

Stocktaking Fee

£150

Working Capital

£10,000

Other Costs

£1,150

Total Entry Costs

£18,400

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. All figures represent products bought from Greene King only. **Please note trading volumes for year 2021 are for part year trading and reflect the impact of closure during the Covid 19 pandemic**

Year Beer (Brls) Wine & Spirits (Ltrs) Minerals (Ltrs)
2023 261 1,036 3,611
2022 265 1,055 3,062
2021 147 622 2,613

The trade space is open plan with central bar servery. There is a beer garden to the rear.

Trade Bars

1

Trade Dining Areas

0

Trade Kitchens

1

Trade Food Covers

0

Trade Gardens

0

Trade Patio Areas

1

Trade Rooms to Let

0

Meeting Rooms

0

External Child Play Areas

0

Function Rooms

0

Customer Car Park Spaces

0

Current Premises Licence Opening Hours

Sun-Wed: 10:00:01:00
Thu-Sat: 10:00-02:00

The accommodation comprises 2 bedrooms, kitchen, lounge, bathroom, toilet and office.

Private Rooms

7

Lounge

1

Dining Rooms

0

Double Bedrooms

2

Single Bedrooms

0

Bathrooms

1

Toilets

1

Private Kitchens

1

Offices

1

Bedsits

0

BDM Portrait

I am looking for an operator who can see the potential of this great town centre pub and has the experience to add a great food offer. It needs a USP such as Best Sausage Rolls or Burgers to complement its great range of beers.

Bruce Wakeling, Business Development Manager

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