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High Acres Kingswinford
Madeley Road, Kingswinford, DY6 8PF
Pub Code: 2302406101
Key Features
- Great Location
- Established Trade
- Large function room
- Outside Trading Area
- Food Opportunity
- Large Car Park
Est Min Ingoing Costs: £12,602
Annual Rent: £25,054
More Information
A large family friendly Community Pub for lease!
High Acres is a well-established family friendly community pub located in the heart of a large residential area in the town of Kingswinford. The High Acres is a large, bright, open pub that has a welcoming feel and is popular with locals and visitors alike. With a catering kitchen on site, this pub is the hub of the local community currently providing an excellent Sunday lunch and with the opportunity to expand the food offer to increase mid - week trade.
High Acres has a well-established ‘rhythm of the week’ entertainment programme including quiz nights, live music, charity events and resident pool and darts teams which is a great boost for mid-week trade. The business also benefits from having a newly refurbished function room with its own bar servery and toilet facilities. This is very popular within the community and is regularly let out for parties and functions, which adds an addition income stream to the business.
Adding to this, there is an eye-catching beer garden to the front of the pub, which is perfect for families to relax and have alfresco drinks and dinning on those hot summer days. The pub is opposite the local shops and has great kerb appeal.
Passionate, enthusiastic and customer driven operator required.
Are you a passionate about delivering fantastic customer service? Do you like being part of the community while pouring the perfect pint for your regulars and visitors? Do you have experience in delivering a great food offer? Are you good at promoting your business? If so we would love to hear from you.
High Acres is a well-established family friendly community pub located in the heart of a large residential area in the town of Kingswinford. The High Acres is a large, bright, open pub that has a welcoming feel and is popular with locals and visitors alike. With a catering kitchen on site, this pub is the hub of the local community currently providing an excellent Sunday lunch and with the opportunity to expand the food offer to increase mid - week trade.
High Acres has a well-established ‘rhythm of the week’ entertainment programme including quiz nights, live music, charity events and resident pool and darts teams which is a great boost for mid-week trade. The business also benefits from having a newly refurbished function room with its own bar servery and toilet facilities. This is very popular within the community and is regularly let out for parties and functions, which adds an addition income stream to the business.
Adding to this, there is an eye-catching beer garden to the front of the pub, which is perfect for families to relax and have alfresco drinks and dinning on those hot summer days. The pub is opposite the local shops and has great kerb appeal.
Passionate, enthusiastic and customer driven operator required.
Are you a passionate about delivering fantastic customer service? Do you like being part of the community while pouring the perfect pint for your regulars and visitors? Do you have experience in delivering a great food offer? Are you good at promoting your business? If so we would love to hear from you.
Trading Area & Facilities
Large trading area one bar operation with traditional seating throughout with a separate area currently accommodating a full-size pool table. There is a fully equipped Kitchen on site, which caters for approx. 40 covers. A large newly refurbished function room with dance floor, separate bar & toilet facilities.
Outside trading to the front of the pub with bench, style seating, great for relaxing with friends and family. Also, a large car park on site.
Outside trading to the front of the pub with bench, style seating, great for relaxing with friends and family. Also, a large car park on site.
Private Accommodation
The private accommodation at High Acres consists of 3 bedrooms, bathroom, kitchen and a lounge area. In line with our Ready to Trade Promise, we will ensure the private accommodation is in good condition, so that you can focus on your business.
Premises Licence Details
Full details available - see Premises License attached in downloads
Premises Licence Opening Hours
| Mon | Tue | Wed | Thu | Fri | Sat | Sun |
|---|---|---|---|---|---|---|
|
11:00 - 00:30 |
11:00 - 00:30 |
11:00 - 00:30 |
11:00 - 00:30 |
11:00 - 00:30 |
11:00 - 00:30 |
11:00 - 00:30 |
| Annual Rent | £ 25,054 |
| Estimated Tenants Annual Operating Profit | £ 27,054 |
| Representative HEINEKEN UK Brand Discount Per Barrel | £ 175 |
| Estimated Annual Turnover | £ 405,133 |
| Estimated Annual Barrelage | 296 |
* The above figures are provided as a guide only and will be finalised as part of the commercial agreement.
** All figures quoted are exclusive of VAT
** All figures quoted are exclusive of VAT
| Ingoing Costs | |
|---|---|
| Estimated Licensee Fixtures and Fittings Value | £ 15,000 |
| Estimated Fixtures and Fittings Valuation Fee | £ 250 |
| Estimated Stock Valuation | £ 7,500 |
| Deposit Amount | £ 6,264 |
| Rent in Advance | £ 482 |
| Training Fee | £ 425 |
| Estimated Designated Premises Supervisor / Manager Fee | £ 60 |
| Premises Licence Fee | £ 180 |
| Rates Assessment Fee | £ 55 |
| Estimated Legal Fees | £ 650 |
| Estimated Total Ingoing Costs | £ 30,866 |
| Estimated Minimum Ingoing Costs | £ 12,602 |
In order to ensure a successful start-up, all applicants must have a minimum £10,000 un-borrowed funds.
The calculation of the Estimated Minimum Ingoing Costs assumes a minimum deposit of 1 month's rent and that fixtures and fittings (F&F) are rented. The subsequent deposit build up and F&F rental costs are not included in the rent model or ongoing costs below.
Note that on FRI Agreements deposits will always be 3 month's rent in advance and fixtures and fittings (F&F) must always be purchased.
A deposit of 6 month's rent will be required for operators trading under a Limited Company with no Guarantors.
The calculation of the Estimated Minimum Ingoing Costs assumes a minimum deposit of 1 month's rent and that fixtures and fittings (F&F) are rented. The subsequent deposit build up and F&F rental costs are not included in the rent model or ongoing costs below.
Note that on FRI Agreements deposits will always be 3 month's rent in advance and fixtures and fittings (F&F) must always be purchased.
A deposit of 6 month's rent will be required for operators trading under a Limited Company with no Guarantors.
| Other SP&B Ongoing Charges | |
|---|---|
| Estimated Annual Building Insurance | £ 3,138 |
| Estimated Annual Maintenance Compliance Charge | £ 1,862 |
| Estimated Annual Accountancy & Stocktaking Charge (including tills) |
£
6108
|
| Estimated Annual Repairs Fund | £ 1300 |
The above figures are provided as a guide only and will be finalised as part of the commercial agreement
* All figures quoted are exclusive of VAT
** Deposit build up will be payable over a maximum of 24 months
*** Fixtures and Fittings annual rental fee should be estimated at 15% of the F&F value. The actual F&F value will be determined on the day of entry
**** Maintenance Compliance Charge relates to the fees for various statutory inspections
***** Estimated Legal Fees is a charge applied to your account by SP&B for creation of your Lease. You are required to engage and pay for your own solicitor - your solicitor's fees are not included in the above estimate
* All figures quoted are exclusive of VAT
** Deposit build up will be payable over a maximum of 24 months
*** Fixtures and Fittings annual rental fee should be estimated at 15% of the F&F value. The actual F&F value will be determined on the day of entry
**** Maintenance Compliance Charge relates to the fees for various statutory inspections
***** Estimated Legal Fees is a charge applied to your account by SP&B for creation of your Lease. You are required to engage and pay for your own solicitor - your solicitor's fees are not included in the above estimate
To apply for this pub or for additional information, please contact us directly
Freephone:
08085 94 95 96
Email us at
enquiries@starpubs.co.uk
Or visit
www.starpubs.co.uk
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