tenancy
59 The Broadway, Thatcham, Berkshire RG19 3HP
Approx. Total Ingoings
£25,000Annual Rent
£28,000The Kings Head sits on the A4 heading out of Newbury towards Reading, on the entrance into Thatcham town centre. A standalone pub with a shopping arcade and market square immediately adjacent, the Kings Head is well-regarded and at the heart of the community. The internal trading area is in good decorative order and benefits from three distinct spaces; the main bar, lounge bar and a dining area. Externally, a well-maintained beer garden with a smoking solution proves a popular asset in the warmer months. We are interested in speaking to publicans who can grow this already well-established business.
Private Accommodation: The private accommodation is large and well-kept and comprises 4 bedrooms, a bathroom, shower room and lounge.
Indoor trading area
Outdoor trading area
To the rear of the property is a spacious and well-maintained beer garden. Wooden picnic benches can accommodate up to 40 covers and a roofed area fitted with heating lamps and a TV offers a smoking solution. There is a tarmacked car park that can accommodate 20 vehicles and also houses storage sheds. To the front of the building is a small cottage that is currently not in use but presents itself with potential to develop into letting accommodation to increase trade.
Regional Manager Comments
The Kings Head is a well-regarded pub at the heart of the community. It benefits from a regular local’s trade, as well as the golf society and other sports teams who are very supportive of the pub. This is a wet-led business; therefore, it is essential that the new publican has the ability and knowledge required to increase trade. This can be done through the provision of team sports, building on the good relationships with the local community, and be willing to be involved in all aspects of life in the locality. The new publican should implement a varied food offer and introduce a quality entertainment schedule to make the Kings Head the go-to venue in Thatcham.
Retail Partnership Tenancy
Live Music Beer Garden Private Accommodation Kitchen Parking Cask Ale Live Sports Restaurant/Food
Approx. Total Ingoings
£25,000
Annual Rent
£28,000
Potential Turnover: £334,000 per annum
This is an estimate of the potential annual turnover of the pub business. It does not include the financial benefits of any living accommodation, which you will need to consider.
Guide Rent: £28,000 per annum, payable weekly in advance.
The Proposed Agreement: Retail Partnership Tenancy
The Landlord is prepared to discuss other Partnership agreements.
They will also discuss your purchasing options (Wines, spirits, cask, minerals and flavoured alcoholic beverages) which you can choose all, a combination or none. Tie release fees will apply.
Estimated Capital Start-up: £25,000 (excl VAT)
Often referred to as ingoings. Includes stock & glassware at valuation, deposit, refundable at the end of your agreement dependent upon your account being in good order. Up to 2 weeks rent and other contractual charges will be payable in advance. Please note, the actual deposit payable will be 25% of the final agreed rent.
In addition you will need to provide funds for professional advice and a level of working capital - the amount will be dependent on your business plan.
Estimated Fixtures and Fittings Value: £8,500 (excl VAT)
To be discussed with the Regional Manager.
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Originally formed in 2010 with 333 pubs, Stonegate Group is now the largest pub company in the UK following 12 major acquisitions. Our vast portfolio is now home to over 4,500 sites which range from Leased & Tenanted to Managed. We strongly believe that the pub is at the heart of British culture and we strive to deliver a fantastic customer experience.
