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TOWN CENTRE SITE

Golden Cross

Hay lane, Coventry, West Midlands, CV1 5RF

Ingoing Cost: £12,667
Annual Rent: £38,000

Features
Trading style
Key financials

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Beer Garden

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External Drinking Area

Property details

The Golden Cross is located in the city of Coventry, tucked in one of the best-preserved areas of the centre. The key shopping facilities and transport links are nearby. Located in Hay Lane which is a beautifully preserved area and less than two minutes walk from Coventry Cathedral. The customer base within a 20-minute walk is made up of over 36,000 adults, over 60% of whom are of medium or above affluence, and, thanks to the nearby university, has a good mix of younger age ranges.

Trading Area & Facilities:

Two bar operations on two trading floors
30+ internal dining covers on the ground floor
Good-sized catering kitchen
Patio area to rear

The private accommodation consists of three bedrooms, a living room, a small kitchen and bathroom.

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Catering Kitchen

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Experienced Operator

Trading style

Fantastic opportunity to take over a historic city centre pub.

The potential of this pub lies in developing a well-thought-through food & drinks offer. The Golden Cross is already known for its choice of real ales as well as delicious gluten-free food.

If you’ve benefited from running or owning a pub business, the landlords would love to hear what experience you can bring.

The right operator for the pub will have extensive experience in a similar hospitality business. They will have a clear vision for their food & drinks menu and can create a memorable experience for their customers.

If this sounds like the incredible pub opportunity you’ve been waiting for, apply today and tell the landlords what you can bring to this pub’s next chapter.

Key financials

Reference Number: 8M9JTW / 0020576101
Agreement Type: Lease / Tenancy

Min Ingoing Cost: £12,667.00
Annual Rent: £38,000.00

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.

Annual:

Estimated Annual Turnover: £542,750
Annual Rent £38,000

Entry Costs:

Deposit** Deposit build-up from 1 month's rent £9,500**
Estimated Fixtures & Fittings Value** Rented fixtures & fittings deal available £15,000**
Stock Valuation £6,000
Working Capital Required £3,500

Indicative entry costs range from** £12,667 - £34,000

The above figures are provided as a guide only and will be finalised as part of the commercial agreement. All figures quoted are exclusive of VAT.

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