Wedgewood
79-81 Abington Street, Northampton, NN1 2BHAgreement Type: Foundation Tenancy
View details for WedgewoodNew Deal
King William
2, Commercial Street, Northampton, NN1 1PJ
Pub Code: 2302385101
Key Features
- Rare Opportunity
- Well Established Venue
- Great Central Location
- Great Accomodation
Est Min Ingoing Costs: £12,581
Annual Rent: £18,974
More Information
The King Billy is in the heart of Northampton town centre. Many people work in the centre of town and flock there for nights out. In addition to the circa 4,000 adults living within a ten minute walk of the pub, the town also attracts a lot of tourists. Being in the town centre, there are several nearby venues, however the King Billy has history and we look to further build on this and make it the best music venue in town.
The pub already has an established trade and strong reputation as a great music venue. With live music across multiple genres we are looking to widen the appeal to new audiences, attracting them into the welcoming and inclusive location to really bring the pub alive.
If you’ve benefited from running or owning a pub business, we’d love to hear what experience you can bring.
The right operator for the King Billy will have extensive experience in the hospitality businesses. They will have a clear vision for their entertainment offer, marketing strategy and drinks menu and can create a memorable experience for their customers.
If this sounds like the incredible pub opportunity you’ve been waiting for, apply today and tell us what you can bring to this pubs next chapter…
Trading Area & Facilities
The King Billy has
- Bar & Dining Area 60 covers (depending on function / live entertainment)
- 20 external covers
- Catering kitchen
- Large Beer garden
- Private Accomodation
- Smart dispense
Private Accommodation
There is sizeable manager accommodation space stretched across 2 floors. Containing Lounge, bathroom, kitchen and bedrooms.
| Annual Rent | £ 18,974 |
| Estimated Annual Turnover | £ 406,652 |
| Deposit | £ 4,744 |
| Estimated Fixtures & Fittings Value | £ 15,000 |
| Estimated Stock Valuation | £ 7,500 |
| Estimated Working Capital | £ 3,500 |
| Estimated Total Ingoing Costs | £ 30,744 |
| Estimated Minimum Ingoing Costs | £ 12,581 |
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.
Estimated Working Capital is an estimate of key start-up costs such as professional fees, training fee, premises license fee, F&F valuation fee & till floats. There will be additional ongoing charges payable during the term of the agreement such as property maintenance, repairs fund, SmartDispense. These costs will be outlined prior to completing a business plan and finalised at Heads of Terms.
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 should be included in your financial assumptions in your business plan. Note that on FRI and Investment Tenancy 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. In order to ensure a successful start-up, all applicants must have a minimum £10,000 un-borrowed funds.
Estimated Working Capital is an estimate of key start-up costs such as professional fees, training fee, premises license fee, F&F valuation fee & till floats. There will be additional ongoing charges payable during the term of the agreement such as property maintenance, repairs fund, SmartDispense. These costs will be outlined prior to completing a business plan and finalised at Heads of Terms.
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 should be included in your financial assumptions in your business plan. Note that on FRI and Investment Tenancy 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. In order to ensure a successful start-up, all applicants must have a minimum £10,000 un-borrowed funds.
Location:
2, Commercial Street, Northampton, NN1 1PJ
More properties in this region
Five Bells
14 Church Lane, Bugbrooke, Northampton, NN7 3PBAgreement Type: Investment Tenancy
View details for Five Bells
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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