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Hollybush, Leamington Spa

Leamington Spa, CV32 4TN

Your investment

£15,000

Agreement Type

Tenancy

Leamington Spa is a town of wide boulevards, stunning architecture and award-winning parks making it a very desirable place to live. The Holly Bush is located within an affluent area with the average housing prices in excess of £300k. Only a short walk to the town centre and with many easily accessible open spaces nearby.

Leamington Spa is a town of wide boulevards, stunning architecture and award-winning parks making it a very desirable place to live. The Hollybush is located within an affluent area with the average housing prices in excess of £300k. Only a short walk to the town centre and with many easily accessible open spaces nearby. The Hollybush is a typically 1970’s building whose name far outdates the present building.

Pub Layout

The Pub consists of an open plan, U shaped area. The site also has a catering kitchen and large cellar with boiler room. Externally there are two main seating areas to the front of the building one with picnic benches the other housing the smoking shelter. The site also benefits from having a large car park, which part of could potentially be transformed into an urban garden.

The Hollybush is at present a wet-led community pub with so much more to offer. The pub company are looking to rebrand this current wet only, community sports pub into a pub that should be at the forefront of peoples minds when they are looking to go somewhere that offers fantastic wine, premium spirits along with an exciting Gin/Rum menu that can accompany a great craft ale and inspirational lager offer.

Private Accommodation

This consists of three double bedrooms, a large living room, large kitchen, bathroom and an office.

 

Annual Rent: £16,500

Security Deposit: £5,000

Working Capital: £5,000

Stock: £5,000

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: £325 plus VAT

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

 

The Hollybush should stand out from it’s competition giving cutsomers a great experience ensuring they return time and time again.  The landlords are fully committed to the success of the Hollybush and are willing to invest into this business with the right operator. They are looking for an owner/operator who can embed themselves within the business and who is committed to driving this exciting business forward. Experience running a mid market, premium drinks offer is key along with good marketing skills. This opportunity will require a good marketing plan to attract the footfall it requires, this will be a fantastic business with the right operator.

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.

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