Pub Tenancy

Key Notes - Busy high street location, Courtyard garden and games room, strong wet history.

The Kings Head is a well presented wet led pub with a small courtyard garden to the rear with a darts room. There is a small trade kitchen to enable a small plates menu alongside pizzas, wings, burgers etc. Situated on the bustling Barnet high street footfall is very high with a total of 4,873 adults within a 10 minute walk and 23,613 within a 1 mile radius. The site has a great wet and machine income history whilst showing sports, live music and karaoke. We are looking for a tenant to activate a strong rhythm of the week increasing weekly trade on top of solid weekend figures. Internally you have a mix of fixed seating, traditional décor and a good amount of floor space for vertical drinking.

The Details Agreement Type – 5 Year Tenancy Annual Rent - £23,500 Deposit - £5,875 Barrelage – 128 BBrls

Tie – All beer and cider Estimated Annual Net Turnover - £301,145 (16.1% food) Estimated Fixtures & Fittings - £10,000 (option to be rented) Advance Rent - £1958.33 Net (plus insurance) Working Capital Inc Stock - £6,000Estimated Total Ingoing Costs - £24,000 Estimated Minimum Ingoing Costs - £8,000