Pub Tenancy

Key Features

· High Street Pub

· Rear Car Park with Patio garden

· Strong community trade

The King’s Head is a high street sports and live music venue, which has regular evening activities including bingo and karaoke both having loyal followings from the local and wider spread community. There is an external pool and darts room which offers the ability to be hired privately. We are looking for a tenant that has a strong background in hospitality who can drive the established rhythm of the week forward to maximise the trade. There are plans to renovate further external buildings to include further bars sports and a second bar also with the ability to be hired for private functions.

The Details

Agreement Type – 5 Year Tenancy

Annual Rent - £26,000

Deposit - £6,500

Barrelage – 190 BBrls

Tie – All beer and cider

Estimated Annual Net Turnover - £356,000 (20% food)

Estimated Fixtures & Fittings - £10,000 (option to be rented)

Advance Rent - £2,166 Net (plus insurance)

Working Capital Inc Stock - £6,000

Estimated Total Ingoing Costs - £20,000

Estimated Minimum Ingoing Costs - £10,000

The Application

If you would like further information or you are interested in applying for this pub, please send through your CV including a covering letter and copy of ID to donna.hardy@mcmullens.co.uk.