Warwick Arms

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

There is a huge opportunity to drive food and drink sales at The Warwick , in conjunction with the re-launch of the business, following transformational investment in the property . The offer will be 'premiumised ' with live sports and entertainment at the heart but with food, coffee and premium drinks key to the retail proposition.

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, following the transformational investment scheme at the Warwick Arms. 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

Business Information

Annual rent

£0

Weekly rent

£0

Entry costs

£0

Turnover royalty

%0

Forecasted Operator Turnover

£0

Forecasted Operator Profit (inc machine profit)

£0

Forecasted Operator Machine Profit

£0

Average Beer & Cider Discount*

TBC

Type of Tie

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

Agreement

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

ENTRY COSTS TO BE CONFIRMED

Deposit

£0

Fixtures & Fittings

£0

Legal Admin Fee

£0

Broker Fee

£0

Stocktaking Fee

£0

Working Capital

£0

Other Costs

£0

Total Entry Costs

£0

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.

Year Beer (Brls) Wine & Spirits (Ltrs) Minerals (Ltrs)
2018/19 304 29 92
2017/18 307 27 101
2016/17 333 18 43

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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