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King William IV Northampton

2, Commercial Street, Northampton, NN1 1PJ

Pub Code: 2302385101

Key Features

  • Great Central Location
  • Well Established Venue
  • Fantastic Opportunity
  • Great Accomodation

Est Min Ingoing Costs: £9,121

Annual Rent: £26,047

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More Information

The King William is a great location, on the edge of Northampton town centre. The King William is famous for live music and is a rock venue by night. The Pub has excellent rock band heritage and has a strong following. The pub is busy with

students and early to mid-twenties. At weekends might attract a slightly older demographic.

  • Investment Tenancy

  • Music Venue

  • Smoking Area

  • Outdoor Trade

  • Private Accommodation

Trading Area & Facilities

The King William has one main bar. The Pub is in good standard throughout including WC facilities. The pub has no catering facilities. The pub has a great sized attractive outdoor seating area at the back of the bar which is enclosed. This is a unique feature in central Northampton. There are public parking facilities close by and only 2 mins walking distance.

Private Accommodation

There is sizeable manager accommodation space stretched across 2 floors.

Premises Licence Details

Please refer to license for full details.

Premises Licence Opening Hours

Mon Tue Wed Thu Fri Sat Sun
08:00 -
02:30
08:00 -
02:30
08:00 -
02:30
08:00 -
02:30
08:00 -
03:30
08:00 -
03:30
08:00 -
02:30

Annual Rent £
26,047
Estimated Tenants Annual Operating Profit £
29,021
Representative HEINEKEN UK Brand Discount Per Barrel £
150
Estimated Annual Turnover £
402,914
Estimated Annual Barrelage
275
* 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

Ingoing Costs
Estimated Licensee Fixtures and Fittings Value £
2,785
Estimated Fixtures and Fittings Valuation Fee £
250
Estimated Stock Valuation £
4,000
Deposit Amount £
6,512
Rent in Advance £
501
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 £
15,418
Estimated Minimum Ingoing Costs £
9,121
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.
Other SP&B Ongoing Charges
Estimated Annual Building Insurance £
2,293
Estimated Annual Maintenance Compliance Charge £
1,862
Estimated Annual Accountancy & Stocktaking Charge (including tills) £
4908
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

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