Warwick Arms

25 Warwick Street, Worthing, West Sussex, BN11 3DQ

TOWN CENTRE, WET LED PUB WITH FOOD OFFER

The Warwick Arms is a prominent town centre public house in the heart of the commercial and retail district of Worthing. The operator will have a huge opportunity to develop both wet and dry sales. The pub is in close proximity to the beach and Worthing pier and surrounded by retail and commercial buildings. The Town centre is undergoing substantial investment and the pub is well placed to capitalise on this going forward. The offer is predominantly wet - led and there is a strong sports following, with football being popular. The Warwick Arms is the leading pub in Worthing for screening live sports and additionally live entertainment on Friday and Saturday nights. Entertainment is key to the success of this business and we will need an operator who can carry on the reputation this pub has. There is an opportunity to further develop the trade and to premiumize the retail offer through investment. Food can also be developed in conjunction with the re-launch of the business.

Location

The Warwick Arms is a prominent town centre public house in the heart of the commercial and retail district of Worthing. The operator will have a huge opportunity to develop both wet and dry sales. The pub is in close proximity to the beach and Worthing pier and surrounded by retail and commercial buildings. The Town centre is undergoing substantial investment and the pub is well placed to capitalise on this going forward. The offer is predominantly wet - led and there is a strong sports following, with football being popular. The Warwick Arms is the leading pub in Worthing for screening live sports and additionally live entertainment on Friday and Saturday nights. Entertainment is key to the success of this business and we will need an operator who can carry on the reputation this pub has. There is an opportunity to further develop the trade and to premiumize the retail offer through investment. Food can also be developed in conjunction with the re-launch of the business.

Business Information

Annual rent

£40,000

Weekly rent

£769

Entry costs

£34,875

Turnover royalty

n/a

Forecasted Operator Turnover

£514,933

Forecasted Operator Profit (inc machine profit)

£39,908

Forecasted Operator Machine Profit

£17,000

Average Beer & Cider Discount*

£36

Type of Tie

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

Agreement

Standard Tenancy Agreement A fixed 5 year term

Entry costs approximately £34,875.00, 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 25% of head rent. Fixtures and Fittings are valued at approximately £17,000 and the final valuation will be confirmed on change day. An assisted purchase of F&F may be available with a 25% deposit on change day and weekly re payments to purchase the remaining 75% over an agreed period

Deposit

£10,000

Fixtures & Fittings

£17,000

Legal Admin Fee

£825

Broker Fee

£750

Stocktaking Fee

£150

Working Capital

£5,000

Other Costs

£1,150

Total Entry Costs

£34,875

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. **Please note trading volumes for year 19/20 are for part year trading and reflect the impact of closure during the Covid 19 pandemic**

Year Beer (Brls) Wine & Spirits (Ltrs) Minerals (Ltrs)
2018/19 203 23 40
2017/18 304 29 92
2016/17 307 27 101

The trade area consists of a large central bar servary dominates the trade area, with a separate dining area for circa 40 covers. Additionally, there is a dance floor with a DJ Booth. Furthermore, there is a well equipped catering kitchen.

Trade Bars

Yes

Trade Dining Areas

Yes

Trade Kitchens

Yes

Trade Food Covers

30

Trade Gardens

No

Trade Patio Areas

Yes

Trade Rooms to Let

0

Meeting Rooms

No

External Child Play Areas

No

Function Rooms

No

Customer Car Park Spaces

0

Current Premises License Opening Hours

Sun - Wed: 08.00 - 00.30
Thu: 08.00 - 01.30
Fri - Sat: 08.00 - 02.30

The private accommodation consist of 2 bedrooms , a lounge ,a kitchen , a bathroom, and an office.

Private Rooms

8

Lounge

Yes

Dining Rooms

0

Double Bedrooms

1

Single Bedrooms

1

Bathrooms

1

Toilets

1

Private Kitchens

1

Offices

2

Bedsits

0

BDM Portrait

The Warwick Arms is a strong wet - led and sports following pub, with football being popular. It is the leading pub in Worthing for screening live sports and additionally holds live entertainment on Friday and Saturday nights. There is an opportunity to further develop the trade and to premiumize the retail offer and also develop the food offering.

Andre Quibell, Operations Manager

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