Kings Arms Billingshurst

80 High Street, Billingshurst RH14 9QS

  • Kings Arms Billingshurst
  • Kings Arms Billingshurst
  • Kings Arms Billingshurst
  • Kings Arms Billingshurst
  • Kings Arms Billingshurst
  • Kings Arms Billingshurst

Kings Arms Billingshurst

Investment Planned

A refurbishment is planned for the Kings Arms which will enhance the look and feel of the pub for everyone to enjoy. Located on the high street of Billingshurst, a village that is undergoing fast expansion through new housing developments being built, this pub has great potential to capture locals and new members of the community.

The works carried out on the Kings Arms will include redecoration of both external and internal. The external will be repainted with new signage for the pub, car park and garden as well as new cafe chairs and tables outside in the garden along with a BBQ for the summer months. Inside the Kings Arms it will be redecorated to create a lighter and warmer environment which will include alterations to the back bar and new fixture and fittings throughout. The function room will also benefit from redecoration.

Passionate Community Operator Wanted

Have you got the positive and driving attitude of a successful pub owner? Do you have a clear vision for how you can bring success to a community-focused pub? If so, we want to partner with you. We are looking for someone who can embrace the locals, build a community atmosphere and drive trade through live sports and weekend entertainment.

Pub Features

  • Rolling Tenancy
  • Function Room
  • Car Parking
  • Refurbishment Planned
  • Live Sports
  • Outdoor Trade
  • Private Accommodation
  • Pub Games
  • Cask Ale
  • Weekly Billing

Trading Area & Facilities

Internally, the Kings Arms has two trading spaces; a bar and a lounge bar which will be fitted with new fixtures and fittings. There is also a small function room. After the works are complete, the Kings Arms interior will be lightened and attractive for customers to enjoy all year round. There is no catering kitchen.

Externally, there is a three tiered garden that will have a new BBQ for summer months, ideal for getting the community together. There is also a decent sized car park that can fit up to 15 cars.

Private Accommodation

The private accommodation at The Kings Arms consists of three bedrooms, a kitchen, an office, a bathroom and a separate WC. In line with our 'Ready To Trade Promise', should any works be required, we will ensure your private accommodation is in good order so that you can focus your energy on getting the business right.

Premises Licence Details

See premise license for full details.

Premises Licence Opening Hours

Mon Tue Wed Thu Fri Sat Sun
10:00 - 01:00 10:00 - 01:00 10:00 - 01:00 10:00 - 01:00 10:00 - 01:00 10:00 - 01:00 10:00 - 00:30

Financials

Annual Rent £
22,500
Estimated Annual FMOP (Licensee Profit) £
24,306
Representative HEINEKEN UK Brand Discount Per Barrel £
100
Estimated Annual Turnover £
235,443
Estimated Annual Barrelage
160

The above figures are provided as a guide only and will be finalised as part of the commercial agreement (please download the rent model from Trading Information section for full financial details).

Historical volume figures may not include purchases made through 3rd Parties.

** All figures quoted are exclusive of VAT

*** FMOP = Fair Maintainable Operating Profit

Investment

Ingoing Costs
Estimated Licensee Fixtures & Fittings Value £
1,860
Estimated Fixtures & Fittings Valuation Fee £
250
Estimated Stock Valuation £
5,000
Deposit Amount £
5,625
Rent In Advance £
433
Training Fee £
1,000
Estimated Designated Premises Supervisor / Manager Fee £
60
Premises Licence Fee £
295
Rates Assessment Fee £
55
Estimated Legal Fees £
650
Estimated Total Ingoing Costs £
15,228
Estimated Minimum Ingoing Costs £
12,185

In order to ensure a successful start-up, all applicants must have a minimum £10,000 un-borrowed funds.

The Estimated Licensee Fixtures & Fittings (F&F) Value assumes that the pub will be let on a Rolling Tenancy or Business Start-Up Agreement, where we own the majority of the F&F. The F&F Value for Full Repairing & Insuring Leases will be significantly more.

The calculation of the Estimated Minimum Ingoing Costs assumes a minimum deposit of 1 month's rent or £3,000 (whichever is greater) 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.

Other SP&B Ongoing Charges
Estimated Annual Buildings Insurance £
2,333
Estimated Annual Maintenance Compliance Charge £
1,463
Estimated Annual Accountancy & Stocktaking Charge (including tills) £
4,908

The above figures are provided as a guide only and will be finalised as part of the commercial agreement (please download the rent model from Trading Information section for full financial details)

* 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

****** The above figures assume that rent is billed weekly in advance and that Star Pubs & Bars retain ownership of large fixtures and fittings. Initial costs for a Fully Repairing and Insuring lease will be higher as rent is invoiced monthly in advance and all fixtures and fittings must be purchased