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External Drinking Area
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Letting Rooms
Property details
Prominently located in the town centre of Rugby, just off the market square, Bar 29 is n attractive community pub that attracts high footfall. The town centre is lively throughout the day with shoppers and hosts an array of nightlife in the evenings and weekends. Rugby is conveniently located near major roadways, including the M1 and M6 motorways, facilitating easy access by car to cities like Birmingham, Coventry, and Leicester. As well as this, Rugby boasts a major railway station, providing regular services to destinations including London, Birmingham, Coventry, and beyond.
On entrance, there is a long well well-equipped bar to the right-hand side servicing an open-plan room with the comfort of loose seating throughout. There is also a raised area is at the front of the trading room which hosts live entertainment such as bands, karaoke and DJs. The pub has multiple television screens for a live televised offer which should include offering Sky Sports / BT Sports to attract further custom. The toilets are located towards the rear of the building and in good order. The new tenant may wish to gain a pavement licence.
The accommodation is spread over two floors, currently, it has a one bedroom studio with kitchen and lounge situated on the first floor. However, there is scope to either extend this private accommodation or create letting rooms with the additional five rooms however this would require some work and compliance.
FindMyPub.com
Cask Ale
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Team Games
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Live Entertainment
FindMyPub.com
Live Sports
Trading style
Bar 29 is Rugby’s premier live music venue and has recently been refurbished to a very high standard. There is a fantastic range of draught lagers, bitters, and ciders with a large selection of cocktails, and also benefits from a late 2 am licence. It is a drinks-focused operation in which the retail offer could be expanded with a sports offer, being beneficial to increase day trade and weekends before entertainment. The five letting rooms provide multiple revenue streams.
Bar 29 is a town centre pub with high footfall, meaning that it should trade throughout the day as well as evenings and weekends. The pub is well known as a music venue within the town and the ingoing licensee would need a clear rhythm of the week as well as imagination to attract customers to the venue, amidst the competition in the town centre. Marketing is important in this venue as well as a high standard of customer service and an experienced licensee who is accustomed to working in a busy and high-demand setting.
Key financials
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Reference Number:
IU3WDL / P04303
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Agreement Type:
Tenancy
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Min Ingoing Cost:
£10,000.00
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Annual Rent:
TBC
The stated ingoing figures are correct at point of advertising. Please be aware there may be additional costs.
Please be aware energy performance certificates are available from the landlord.
Annual Rent: £TBC
Security Deposit: £5,000
Working Capital: £3,000
Stock: £2,000
F&F: Upon valuation – funding options may be available for the right licensee.