tenancy
High Street, Sutton-in-Craven, Keighley, North Yorkshire BD20 7LP, UK
Approx. Total Ingoings
£12,150Annual Rent
£28,700The Kings Arms is a homely, well-established pub that is a popular spot for residents living in the surrounding area. The pub offers three distinct internal trading areas; a games room equipped for darts, dominoes and cards, the main bar area for regular drinkers and the third smaller games room used primarily for pool, with the potential for use as a meeting room. There is an external drinking area which can be utilised in the summer months during warm weather. The Kings Arms has a long history of participation in the darts and dominoes league as well as facilities for a pool team, so there is a well-established trade. Although this is a community pub there is still the opportunity to develop and widen the customer base by attracting customers from the surrounding areas.
Private Accommodation: The private accommodation is well presented and tidy and comprises of two bedrooms, a living room and a kitchen area located downstairs.
Indoor trading area
The pub currently operates from three distinct internal trading areas, there is a cosy and traditional bar area with plenty of high-backed seating, a real open-fire and a dart board. In addition, there is a smaller games area offering darts and dominoes and a separate pool room to the rear of the pub.
Outdoor trading area
The beer garden offers a well sized enclosed paved area with space for five picnic tables with each table seating four people each comfortably. Just a short walk from the bar the outdoor patio gets large amounts of direct sunlight and is popular spot during the summer months. There is the potential to utilise the outside space and incorporate a BBQ area, drawing in additional trade and maximising revenue.
Regional Manager Comments
The Kings Arms offers the new publican a fantastic opportunity to run a pub with a strong local trade which due to its location also benefits very well from passing trade. I am looking for an experienced publican who is looking to integrate with the local people and continue the established success of the business. The new publican should look to further develop the pub through the drinks offer and pub games allowing the Kings Head to act as the hub of the local community.
Retail Partnership Tenancy
Beer Garden Private Accommodation Cask Ale
Approx. Total Ingoings
£12,150
Annual Rent
£28,700
Potential Turnover: £258,000 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: £28,700 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: £12,150 (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: £8,000 (excl VAT)
To be discussed with the Regional Manager.
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