tenancy
69-71 High Street, Teddington TW11 8HA, UK
Approx. Total Ingoings
£22,350Annual Rent
£57,500The Kings Arms pub occupies a prime location on the Teddington high street, surrounded by shops and mixed retailing opportunities, along with arrange of bars and restaurant offers. The pub is a one bar operation with good internal and external capacity, which can be utilised in many different ways. The pub is in good order and is seen as a blank canvas for development by the new publican. There is seating capacity for over 90 covers internally which includes a function room and an external patio for over 50 covers. Stonegate seek an experienced publican to develop this pub business further.
Private Accommodation: The private accommodation comprises four bedrooms, a kitchen and a bathroom, all in good condition.
Indoor trading area
The Kings Arms comprises one large bar area arranged around three other trading areas. There is a function room which can be operated as part of the pub or separated. The décor throughout the pub is traditional, but with a modern touch. There is space for over 90 covers internally, which includes the spacious function room. Throughout the pub there is a mixture of loose and fixed seating that can be arranged to cater for larger bookings. The bar is open to both sides with traditional back fitching. The Kings Arms pub is in good order and has been well-kept by the outgoing publican.
Outdoor trading area
There is a paved patio with outside smoking area, including modern metal furniture for up to 60 covers.
Regional Manager Comments
The Kings Arms has the potential to be developed for differing market segments due to its location and the strong demographics associated with the area. I seek an experienced publican who has the vision and ability to develop the pub, and host a strong commercial offer that will bring a point of difference to the high street.
Partnership Incentive Lease
Live Music Beer Garden Private Accommodation Kitchen Parking Cask Ale Function Room Live Sports
Approx. Total Ingoings
£22,350
Annual Rent
£57,500
Potential Turnover: £683,000 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: £57,500 per annum, payable weekly in advance.
The Proposed Agreement: Partnership Incentive Lease
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: £22,350 (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: £20,000 (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.
