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Beer Garden
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External Drinking Area
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Car Park
Property details
The Auction house is a large community pub in Tile Hill a suburb on the west side of Coventry with plenty of potential customers nearby. There’s a ‘one-stop’ shop opposite the pub, with a petrol forecourt nearby attracting plenty of passing traffic close outside the pub. Now is a great time to take over and run this pub, as the landlords are investing in refreshing the décor and enticing new guests.
This ex-managed house has size and facilities all on its side; there is a sports bar, a conservatory, a car park, a large well-equipped commercial kitchen, a relaxed drinking area, a relaxed dining area and spacious 3 bedroom publican accommodation – you couldn’t ask for more.
The pub has two separate bars, a sports bar with its own toilets, a pool table, a dart board, etc. Then a more extensive bar that, although open plan due to the layout, has areas that feel nice and separate. There is a mix of fixed seating, high-level tables, sofas and high-back chairs, so customers can choose how they want to enjoy their time in the pub. The areas to the rear of the pub give access to the rear garden from a rear door and the conservatory has its own double doors that open to the large rear garden.
There is seating outside at the front of the pub, some of which is undercover; there is then a large grassed rear garden, which is a real bonus for this pub.
The private accommodation consists of three bedrooms, a large kitchen, a lounge, and a private roof terrace area making it a comfortable place to live and work.
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Cask Ale
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Catering Kitchen
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Team Games
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Pool Area
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Live Entertainment
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Live Sports
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Experienced Operator
Trading style
The Auction House is a community pub with a proven history of wet sales ready to move from being managed to having a tenant who wants to engage with the locals and take this pub to the next level. Food has not been a substantial part of the offer and is a growth area the pub can capitalise on.
The landlords are seeking an experienced community operator who wants a big enough pub to operate at a higher level. This business will also interest multiple operators with the ability and insatiable appetite to drive sales. They require someone with the energy, creativity, and passion to host events that drive new footfall. Enticing social media and traditional marketing will make all the difference here.
Key financials
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Reference Number:
9MTS0A / 326094
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Agreement Type:
Tenancy
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Min Ingoing Cost:
£6,750.00
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Annual Rent:
£25,500.00
The stated ingoing figures are correct at point of advertising. Please be aware there may be additional costs.
Please note that the energy performance certificate is available from the landlord.
Financial Information:
- Deposit = £6,375
- Legal Fees = £375
- Maintenance Fund Per Week = £40
- Fixtures and Fittings Weekly Rent = £121
- Working Capital = £5,000 - £7,000
Business Information:
- Annual Rent = £25,500
- Forecasted Annual Wet Turnover = £420,536
- Forecasted Annual Food Turnover = £57,200
- Forecasted Annual Other Turnover = £5,460
- Agreement = Flexible Tenancy