tenancy
Fotheringhay Road, Corby, Northamptonshire NN17 2RG, UK
Approx. Total Ingoings
£10,250Annual Rent
£15,000The Kingfisher is a large and well-established community pub, that provides an excellent opportunity for a skilled licensee looking to build trade through a focus on sports and entertainment. The pub has a huge car park, patio garden and a main road position which benefits well from passing trade as well as the local community. Being a two-bar operation, the site has the ability to offer private functions as an additional revenue stream as well as the option to separate the entertainment and sport from the traditional public bar area. Stonegate Pub Partners are now looking for an experienced publican who can integrate with the local community and make the most of the entertainment offer. The quoted annual rent of £15,000 is negotiable. The Regional Manager, Alex, is happy to discuss rent expectations with suitable applicants.
Private Accommodation: The private accommodation is well presented and comprises of three bedrooms, a lounge, toilet and bathroom.
Indoor trading area
The pub's main trading area is open plan, with a central bar servery surrounded by a mixture of fixed and loose seating. The Kingfisher is popular for its entertainment in the form of both live music and DJs at weekends, hosted in the main area which can accommodate 70 people standing and seated. Pub games are also popular with a pool table, dart board and TVs showing live sports. A separate lounge offers a comfortable seating area for 40 people. This room is traditionally decorated with a mix of wood and carpeted flooring and is the perfect space for those wanting to relax with a drink.
Outdoor trading area
A secluded patio area is located to the rear of the pub and can be accessed through the lounge. There are several picnic benches in place and it is fantastically positioned to soak up the sun, making it the perfect drinking spot in the warmer months. A large car park sits next to the pub and can accommodate up to 50 vehicles.
Regional Manager Comments
The Kingfisher has plenty to offer as an excellent community local. Its two-bar layout allows for pub games and entertainment on one side and provides a comfortable lounge space on the other, the perfect environment for customers looking to relax. Overall it can comfortably accommodate over 100 people and has ample car parking facilities to support this. This is the ideal opportunity for an experienced publican with some creative flair who can make the most of the entertainment side of this business.
Retail Partnership Tenancy
Live Music Beer Garden Private Accommodation Cask Ale Live Sports
Approx. Total Ingoings
£10,250
Annual Rent
£15,000
Potential Turnover: £251,000 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: £15,000 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: £10,250 (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: £4,805 (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.
