The Courthouse
2 Castle Street, Trowbridge, BA14 8ANAgreement Type: Foundation Tenancy
View details for The CourthouseRefurbishment Planned
Kings Arms
79, Wyke Rd, Hilperton Marsh, Trowbridge, BA14 7NZ
Pub Code: 0010332101
Key Features
- Refurbishment Planned
- Canal side Location
- Great Outside Trading area
- Rustic Feel
- Family Friendly
Est Min Ingoing Costs: £52,768
Annual Rent: £37,072
More Information
Community focused
The Kings Arms is located on the edge of Hilperton Marsh. The pub itself is situated next to a picturesque canal. There are 2,111 adults living within walking distance of the Kings Arms and no competitor pubs within a ten-minute walk. The nearby canal and boatyard attracts ample tourists to the area for those looking for a barge holiday.
A pub business with potential
The quality of the surroundings, new décor, a welcome range of food & drinks and 58 internal & 96 external covers will give locals and visitors a reason to visit the pub. And with a lack of direct competition in the area, it is a great opportunity to capitalise all-year round by being a destination site. All we’re looking for is the right operator who understands the dynamics of a town centre pub….
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 Kings Arms will have extensive experience in the hospitality businesses. They will have a clear vision for their food & drinks menu and marketing strategy 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…
Target customers:
When refurbished, the Kings Arms will appeal to a very broad spectrum of customers, including:
Tourists, visitors, and locals
Families looking for a place to visit with children
Walkers along the canal
Offer:
When refurbished, the Kings Arms will offer:
A high quality, focused range of drinks including premium and favourite lagers, craft beers, a gin offer and soft drinks
A great pub good menu
Coffee and Wi-Fi
Entertainment as part of the rhythm of the week, such as occasional live music and charity events
Trading Area & Facilities
External
External decorations. New signage scheme incl. lighting
Minor car park repairs
Clear external gutters
General tidy of boundaries as required.
New external furniture
Trade Area
Decorations complete to trade area
New matting to lobbies
New and existing loose furniture.
New lighting to new and existing position
New carpet to trade area
New tiled flooring to bar apron
Modification’s bar and back fitting
New timber floor installed and existing to be sanded and refinished
Decorative wallpaper to trade area
New tiled floor finish to trade area
New fixed seating
New grooved MDF dado boarding
Toilets
Gents to receive full decorations, new tiling, new sink and taps, timber effect vinyl flooring.
Ladies to receive full decorations, new tiling, new vanity unit to include new sink and taps, timber effect vinyl flooring.
Trade Kitchen
Full decorations
Replacement catering equipment as required from survey
New Extract system
Back of house & services
Builders work in connection with Smart Dispense installation
H&S compliance
Services
Gas testing and certification
Electrical repairs and certification incl. FA, EL and PAT
General electrical alterations to suit new lighting and power point locations incl. dimmers
Alterations to fire alarm and emergency lighting as required
Drainage CCTV report to be undertaken and any required works to be undertaken
Legionella testing and certification
General
Asbestos removal where necessary, retain and encapsulate as recommended by specialist
FSPPI property recommendations to be reviewed and completed incl. Fire Fighting Equipment
Private Accommodation
The private accommodation consists of four bedrooms, lounge, kitchen and bathroom and office
| Annual Rent | £ 37,072 |
| Estimated Annual Turnover | £ 436,297 |
| Deposit | £ 9,268 |
| Estimated Fixtures & Fittings Value | £ 35,000 |
| Estimated Stock Valuation | £ 5,000 |
| Estimated Working Capital | £ 3,500 |
| Estimated Total Ingoing Costs | £ 52,768 |
| Estimated Minimum Ingoing Costs | £ 52,768 |
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.
Downloads
Location:
79, Wyke Rd, Hilperton Marsh, Trowbridge, BA14 7NZ
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View details for Old GlobeTo 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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