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Warwick Arms

Warwick Street, Worthing, West Sussex, BN11 3DQ
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INVESTMENT PLANNED

Facilities

External Drinking Area
Catering Kitchen
Team Games
Pool Area
Live Entertainment
Restaurant/Dining
  • External Drinking Area
  • Catering Kitchen
  • Team Games
  • Pool Area
  • Live Entertainment
  • Restaurant/Dining

Location

Huge opportunity to drive food and drink sales in conjunction with the re-launch of the business

Ingoing Cost: £35,800.00
Rent: TBC
Agreement Type: Tenancy
Reference Number: 756-22 / 9226

The stated ingoing figures are correct at point of advertising. Please be aware there may be additional costs.

Property Features:

The Warwick Arms is a prominent town centre public house in the heart of the commercial and retail district of Worthing. The operator will have a huge opportunity to develop both wet and dry sales, following the transformational investment scheme at the Warwick Arms.

The pub is close to the beach and Worthing pier and surrounded by retail and commercial buildings. The Town centre is undergoing substantial investment, and the pub is well placed to capitalise on this going forward. The offer is predominantly wet-led, and there is a strong sports following, with football being popular. The Warwick Arms is the leading pub in Worthing for screening live sports and additionally live entertainment on Friday and Saturday nights. Entertainment is key to the success of this business, and we will need an operator who can carry on the reputation this pub has. There is an opportunity to develop the trade further and to premiumize the retail offer through investment. Food can also be developed in conjunction with the re-launch of the business.

The trade area consists of a large central bar servery dominates the trade area, with a separate dining area for circa 40 covers. Additionally, there is a dance floor with a DJ Booth. Furthermore, there is a well-equipped catering kitchen.

Trading Style:

The Warwick Arms is a strong wet-led and sports following pub, with football being popular. It is the leading pub in Worthing for screening live sports and additionally holds live entertainment on Friday and Saturday nights. There is an opportunity to develop the trade further and to further enhance the retail offer and also improve the food offering.

Private Accommodation:

Consist of 2 bedrooms, lounge, kitchen, office and bathroom.

Key Financial Information

Please be aware energy performance certificates are available from the landlord.

Annual rent: to be confirmed

Entry costs approx £35,800 which includes fixtures and fittings, stock, glassware, crockery, cutlery, fuel and cleaning materials, legal, brokers and stocktaking fees, training fees, schedule of condition, working capital and deposit (25% of head rent, minimum £6,000).

You will need to estimate the turnover you expect to achieve from the pub, with regard to food and accommodation (if applicable). Barrelage figures are given to assist you with calculations.

TRADING VOLUMES

2017/18 = 307 BEER (BRLS)
2016/17 = 333 BEER (BRLS)
2015/16 = 345 BEER (BRLS)

Forecasted Operator Machine Profit: £TBC

Forecasted Operator Profit (including machine profit): £TBC

Forecasted Operator Turnover: £TBC

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