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External Drinking Area
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Letting Rooms
Property details
Prominently located in the town centre of Rugby, just off the market square, Bar 29 is an attractive community pub that attracts high footfall. The town centre is lively throughout the day with shoppers and hosts an array of nightlife in the evenings and weekends. Rugby is conveniently located near major roadways, including the M1 and M6 motorways, facilitating easy access by car to cities like Birmingham, Coventry, and Leicester. As well as this, Rugby boasts a major railway station, providing regular services to destinations including London, Birmingham, Coventry, and beyond.
On entry, there is a long, well-equipped bar to the right-hand side servicing an open-plan room with the comfort of loose seating throughout. There is also a raised area at the front of the trading room which hosts live entertainment such as bands, karaoke and DJs. The pub has multiple television screens for a live televised offer, which should include offering Sky Sports / BT Sports to attract further custom. The toilets are located towards the rear of the building and are in good order. The new tenant may wish to gain a pavement licence.
The accommodation is spread over two floors, with 6 bedrooms, a living room, kitchen and bathroom. Some of the bedrooms also have ensuites.
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Cask Ale
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Team Games
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Live Entertainment
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Live Sports
Trading style
Bar 29 is Rugby’s premier live music venue with a fantastic range of draught lagers, bitters, and ciders, with a large selection of cocktails, and also benefits from a late 2 am licence. It is a drinks-focused operation, of which the retail offer could be expanded with a more varied sports offer, being beneficial to increase day trade and weekends before entertainment.
Bar 29 is a town centre pub with high footfall, meaning that it should trade throughout the day as well as evenings and weekends. The pub is well known as a music venue within the town and the ingoing licensee would need a clear rhythm of the week as well as imagination to attract customers to the venue, amidst the competition in the town centre. Marketing is important in this venue as well as high standard of customer service and an experienced licensee that is accustomed to working in a busy and high demand setting.
Key financials
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Reference Number:
IU3WDL / P04303
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Agreement Type:
Tenancy
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Min Ingoing Cost:
£9,500.00
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Annual Rent:
£22,500.00
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.
Weekly Rent: £432,69
Estimated Annual Turnover*: £545,782
Security Deposit: £5,000 or the equivalent of three months’ rent, whichever is greater
Working Capital: £2,500
Stock: £2,000
Fixtures and Fittings: To be confirmed upon valuation – funding options may be available for the right licensee.
Tie: All drink categories are tied. For fully funded licensees on long-term agreements, the landlords offer free-of-tie options for certain drink categories in exchange for an annual fee.