Property Description
An extensive refurbishment will transform The Kings Arms into a quality pub for customers to enjoy. This is an excellent business opportunity in a great location, perfect for engaging with the local community. Fantastic opportunity to take on a bustling village pub with letting rooms.
Exciting Opportunity: The Kings Arms, Reeth Pub Refurbishment
The area
We’re investing in a full refurbishment of the Kings Arms, a charming pub in the picturesque village of Reeth, in the heart of the Yorkshire Dales. The refurbishment will revitalise the ground floor, highlighting the pub’s traditional features and adding a brand-new kitchen. Externally, improvements have already been completed, making the Kings Arms an inviting spot for day-trippers, walkers, and cyclists who appreciate great food, cosy fires, and a warm atmosphere after exploring the beautiful surrounding dales.
With a local population and steady flow of visitors, the Kings Arms offers an excellent opportunity for an experienced food operator. You’ll be at the helm of the most traditional pub in the village, serving a strong range of cask ales, quality wines, and beers, paired with hearty, classic pub menu. This is your chance to manage a thriving pub in a popular destination, supported by the investment in its refurbishment
The offer
Drinks:
• The Kings Arms will offer a wide-ranging drinks menu, including lagers, ciders, spirits, wines, and cask ales. This variety caters to everyone, from regulars enjoying beers to visitors seeking a more premium experience, ensuring the pub appeals to a broad audience.
Food:
• A classic pub menu will be in place, designed to suit a variety of tastes. It will complement the drinks offer, ensuring steady footfall throughout the day.
Coffee:
• A straight-forward coffee offer, attracting to daytime visitors and non-drinkers, broadening the pub’s appeal. Events:
• Events will be tailored to suit the local village and seasonal events. They will create a vibrant, community-focused atmosphere and will drive a healthy rhythm of the week
The Kings Arms is available on our Investment agreement. Click here for more information on this agreement.
We’re always open to new ideas, what would you do to drive trade?
If you’ve benefited from running or owning a pub business, we’d love to hear what experience you can bring.
The right operator for the Kings Arms will have extensive experience in community led hospitality businesses. They will have a clear vision for their food & drinks menu, marketing strategy and entertainment offer and can create a memorable experience for their customers.
If this sounds like the incredible pub opportunity you’ve been waiting for, apply today and tell us what you can bring to this pubs next chapter…
The Kings Arms will be undergoing a refurbishment which will cover the interior. The exterior of the pub has already been completed.
The Kings Arms will be undergoing a refurbishment which will cover the interior. The exterior of the pub has already been completed.
A full list of works and pub floor plan can be found in the ‘refurbishment details’ in the downloads.
The pubs trading area and facilities post refurbishment will be:
Main trading area with bar
68 internal covers
24 external covers
Catering kitchen
10 en-suite letting rooms
Large garden
Applicants should be aware that all refurbishments are subject to final board approval which will be determined as part of the leasing process.
Where a significant investment is made in a pub by Star Pubs & Bars, an "Investment Exemption" will be required. The exemption means that the option of a Market Rent Option lease won't be available at rent review for a period of up to seven years for this site, as per The Pub Code (2016).
Private accommodation consists of 5 bedrooms, kitchen, a living room and bathroom.
Available upon request.
Agreement Type
Investment Tenancy
Property Facilities
Refurbishment Planned
Letting Rooms
Kitchen
Cask Ale
Outdoor Trade
Private Accommodation
Property Financials
Additional Information
In order to ensure a successful start-up, all applicants must have a minimum £10,000 un-borrowed funds.
The calculation of the Estimated Minimum Ingoing Costs assumes a minimum deposit of 1 month's rent and that fixtures and fittings (F&F) are rented. The subsequent deposit build up and F&F rental costs are not included in the rent model or ongoing costs below.
Note that on FRI Agreements deposits will always be 3 month's rent in advance and fixtures and fittings (F&F) must always be purchased.
A deposit of 6 month's rent will be required for operators trading under a Limited Company with no Guarantors.
The above figures are provided as a guide only and will be finalised as part of the commercial agreement
* All figures quoted are exclusive of VAT
** Deposit build up will be payable over a maximum of 24 months
*** Fixtures and Fittings annual rental fee should be estimated at 15% of the F&F value. The actual F&F value will be determined on the day of entry
**** Maintenance Compliance Charge relates to the fees for various statutory inspections
***** Estimated Legal Fees is a charge applied to your account by SP&B for creation of your Lease. You are required to engage and pay for your own solicitor - your solicitor's fees are not included in the above estimate
The above figures are provided as a guide only and will be finalised as part of the commercial agreement.
All figures quoted are exclusive of VAT
The above figures are provided as a guide only and will be finalised as part of the commercial agreement. All figures quoted are exclusive of VAT.
Estimated Working Capital is an estimate of key start-up costs such as professional fees, training fee, premises license fee, F&F valuation fee & till floats. There will be additional ongoing charges payable during the term of the agreement such as property maintenance, repairs fund, SmartDispense. These costs will be outlined prior to completing a business plan and finalised at Heads of Terms.
The calculation of the Estimated Minimum Ingoing Costs assumes a minimum deposit of 1 month's rent and that fixtures and fittings (F&F) are rented. The subsequent deposit build up and F&F rental costs should be included in your financial assumptions in your business plan. Note that on FRI and Investment Tenancy Agreements deposits will always be 3 month's rent in advance and fixtures and fittings (F&F) must always be purchased. A deposit of 6 month's rent will be required for operators trading under a Limited Company with no Guarantors. In order to ensure a successful start-up, all applicants must have a minimum £10,000 un-borrowed funds.
* The above figures are provided as a guide only and will be finalised as part of the commercial agreement.
** All figures quoted are exclusive of VAT
MISREPRESENTATION ACT 1967
My Hospitality Solutions Ltd advises that the contents of these particulars are believed to be correct and Lessees should satisfy themselves that they are accurate.
The information and images displayed about the properties advertised comprise a property advertisement only. My Hospitality Solutions Ltd is not liable for the accuracy or completeness of the advertisement or any linked or associated information and My Hospitality Solutions Limited has no control over the content.
