tenancy
High Street, King's Stanley, Stonehouse GL10 3JD, UK
Approx. Total Ingoings
£9,000Annual Rent
£10,400The Kings Head is an attractive and well-positioned pub in the village of Kings Stanley, on the outskirts of Stroud. This fantastic pub is an excellent opportunity for an operator looking to grow different aspects of the business. The prospective publican will look to develop a broad food offer in casual surroundings and create a real ‘home from home’ atmosphere. A fresh approach to marketing can offer the potential to quickly develop the business and a particular focus should be towards the restaurant, letting accommodation and functions, The Kings Head is a superb opportunity for a passionate, forward-thinking operator to develop a venue that will be popular with those living locally and those travelling further afield.
Private Accommodation: The living accommodation is located on the second floor and comprises three bedrooms, a lounge, kitchen and bathroom, all are in good order.
Indoor trading area
The Kings Head is in good decorative order and has a traditional feel throughout. On the ground floor a large lounge bar comprises beautiful flagstone floors, a feature fireplace and beamed ceilings. A mixture of upholstered seating and bar stools can accommodate 40 covers. A smaller bar is currently being used as a café, serving coffee and cake throughout the day with seating for a further 20 covers. On the ground floor there is a function room and skittle alley which is very popular with the local games teams, as well as for private events. This area has the potential to accommodate up to 60 covers and can be separated by double doors. A beautiful 30 cover restaurant with beamed ceilings can be found on the first floor, next to the well-equipped trade kitchen. A dumbwaiter ensures food service to the bar and lounge. The letting accommodation has recently been refurbished creating three en-suite rooms.
Outdoor trading area
A large enclosed patio area to the front of the property provides seating for 30 covers and another to the rear provides seating for a further 20 covers; a smoking shelter is also found in this space. There is potential to develop these areas with the addition of potted plants, hanging baskets and shrubbery. The car park is easily accessed with two entrances and has space for approximately 20 vehicles.
Regional Manager Comments
The Kings Head has a strong community feel and currently appeals to local residents with the traditional offering of sports and games, such as skittles and darts. There is significant scope to increase trading levels at this site by developing a broad menu and by maximising the use of the restaurant, function room and letting accommodation. It would ideally suit and experienced couple with the skills to operate a traditional kitchen and menu.
Retail Partnership Tenancy
Beer Garden Private Accommodation Kitchen Parking Cask Ale Function Room Restaurant/Food
Approx. Total Ingoings
£9,000
Annual Rent
£10,400
Potential Turnover: £306,000 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: £10,400 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: £9,000 (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: £15,000 (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.
