Back to Search results

Coach & Horses

West Bromwich B71 1JQ

Your investment

£8,000

Agreement Type

Tenancy

The Coach & horses is situated in the densely populated area of West Bromwich. The pub sits right at the heart of the community overlooking a communal green with lots of passing trade from the surrounding housing estates. The plot is spacious with great parking and due to its size, the pub is highly visible. Admiral Taverns would look to invest in this pub with the right operator on a long-term agreement

The Coach & Horses is situated in the densely populated area of West Bromwich. The pub sits right at the heart of the community overlooking a communal green with lots of passing trade from the surrounding housing estates. The plot is spacious with great parking and due to its size, the pub is highly visible. Admiral Taverns would look to invest in this pub with the right licensee on a long-term agreement

Pub Layout

The Coach & Horses has two distinctive trading areas which is separated by the ladies, gents and disabled toilets. The front main bar area has a relaxed feel with both fixed and loose seating. There is a pool table & darts board which are used regularly by the locals. The bar is well stocked with a good mid range offer. To the rear there is a sperate function room which can easily hold 65 plus people – this also has a bar which can be serviced through the main bar. Externally there is a grassed enclosed garden although some locals enjoy watching the world go by on the front benches.

The Coach & Horses is a well-supported community local, there is a strong sport following with both darts and pool teams, televised sports brings an additional income stream with Sky and BT Sports having then potential to drive additional footfall. During the weekends, the pub comes alive with a strong entertainment programme such as discos and live music. Whilst there is no compliant kitchen, a small back bar food ordering such as pizzas and pies would be highly recommended. The function room is underutilised and with good marketing would be a welcome addition to the pub.

Private Accommodation

The accommodation comprises of: Two bedrooms, kitchen, bathroom and a lounge.

Annual Rent: TBC

Security Deposit: £5,000

Working Capital: £2,000

Stock: £1,000

Fixtures and Fittings: Upon Valuation  – funding options available for the right licensee.

Tie:  All drinks categories are tied.  For fully funded licensees on long term agreements, we offer free-of-tie options for certain drinks categories in exchange for an annual fee.

Training: £250 plus VAT

For a breakdown on financial information, please refer to the ‘Additional Info’ tab.

I am looking for an individual or couple who will be sociable, engaging and have the skill set to integrate with the local community, who will be willing to keep the existing loyal customers along with potentially repositioning the offer slightly to invite new clientele. A heavy emphasis on community events and sports is essential to continue to drive trade in this pub, with the ability to develop & deliver a strong marketing and entertainment plan with the willingness to support the sports teams throughout the whole week. Admiral Taverns would look to invest in this pub with the right licensee on a long term agreement

 

Annual Rent – This is our lowest rent figure associated with a Full Tie.  If the tie is reduced the effective rent (via Tie Release Fees) will increase.  Rent is billed and paid for weekly in advance depending on the payment terms agreed)

Security Deposit – This sum of money will be held on your account and will be returned to you on exiting of the pub based on your final account balance and the condition of the property

Working Capital – This is a recommend amount required which will be used in the day-to-day running of the business

Stock – This will be valued by an independent valuer on the day you take over the pub. This includes unbranded glassware, unopened bottles, wines, spirits, any unopened / opened kegs and cask ale providing the container is unopened

Fixtures & Fittings – This includes any item that is bolted to the floor or walls, and a fitting to be any item that is free standing or hung by a nail or hook. This will also include furniture

Training – This is required when taking on a Business Support Agreement.  Included is an e-learning package for you and your staff and attendance to our ‘Set Up To Succeed’ workshop held at our Head Office in Chester.  Please note, you will be required to attend this workshop before signing a long term tenancy agreement.

Service Charge Cost – £28.01 per week – This is a weekly charge that includes statutory compliance certification (including Annual CP12 and CP42 gas test), cellar cooling services (including full insurance to cover repairs and / or replacements), Health & Safety Essentials (including assessments) and Licensing Support.


Keep up to date with vacancies

This field is for validation purposes and should be left unchanged.