tenancy
Severn Drive, Newport Pagnell MK16 9DW, UK
Approx. Total Ingoings
£19,366Annual Rent
£20,000The Kings Arms is a very popular local business, said to be more of a community hub for its surrounding residents. Great value food and drink have a well known high reputation for consistency, and the business operates a very busy schedule of activity driving constant footfall. The pub benefits from seating for 40 covers and very well presented external garden along with ample parking for 20 cars. Whether guests are looking for a quiet morning coffee, a spot of lunch, a few drinks with friends or a place to celebrate a birthday, The Kings Arms is a great place to visit offering something for everyone.
The Kings Arms has a prominent roadside location just off the town centre of Newport Pagnell, only a very short drive from junction 14 of the M1 near Milton Keynes. The business sits proud on the very busy Wolverton Road and is visible to passing trade and shoppers alike. Newport Pagnell is a town and civil parish in the borough of Milton Keynes, Buckinghamshire. The town is more widely known as being the original home of the exclusive sports car manufacturer Aston Martin, just a short walk from the pub.
This is a two story brick building with off street parking and a very large front garden facing the very busy Wolverton Road into Newport Pagnell. The main trade area is a one bar operation with a warm and cosy feel. The business offers 40 internal covers and can easily be serviced by the ground floor commercial kitchen and cellar. The private accommodation is well presented and consists of 3 bedrooms, kitchen, bathroom and living room.
This business is already popular with local consumers and serves as a hub and meeting place in Newport Pagnell. There is a big opportunity to increase the already successful busy food and drink income by building on the current weekly schedule of activity, along with driving charity events, music evenings and local club visitation. The Kings Arms has a fair and maintainable gross weekly turnover of £6,075, or £315,900pa. Currently the business is exceeding this level of income.
The ideal applicant should be committed to providing excellent hospitality to existing and new customers, along with having the skill set to engage with the local community to drive a range of weekly activity. Experience of retail catering would be essential.
3 year fixed term or renewable tenancy
Beer Garden Private Accommodation Kitchen Parking Restaurant/Food
Approx. Total Ingoings
£19,366
Annual Rent
£20,000
ANTICIPATED INVESTMENT REQUIRED
We estimate the Investment required for this pub would be as follows:
APPROXIMATE TOTAL £19,366
Please note that these are estimated figures, given as a guide only, and do not include fixtures and fittings.
Security Deposit: £6,000
Stock and Glassware: £4,000
Valuers Fees: £800
Training Course Fees: £500 per person NB £800 for two people
Administration Fee: £400
Advance Rent: £1,666
Working Capital: £6,000
Fixtures and Fittings: £15,000
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.
Over 140 years of brewing expertise has helped grow a small family business in Bedford into one of the UK’s most respected pub companies and brewers with a pub portfolio of nearly 200 pubs across the UK including 17 pubs in France. We take great pride in our heritage, still promoting the same values as our founder Charles Wells to this day, focusing on quality and innovation but keeping our consumers at the heart of everything we do. Although the company continues to evolve, we still remain a family business with the Wells family firmly at the helm.
