Winterton Arms Chiddingfold
Petworth Road, Godalming, GU8 4UUAgreement Type: Investment Tenancy
View details for Winterton Arms Chiddingfold
Kings Arms Billingshurst
80, High Street, Billingshurst, RH14 9QS
Pub Code: 2300250101
Key Features
- Recently Refurbished
- High Street Location
- Great Beer Garden
- Expanding Village
- Strong Ale Offering
- Private Accommodation
Est Min Ingoing Costs: £10,052
Annual Rent: £20,000
More Information
Recently Refurbished Community Pub
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.
Refurbished in November 2019, the Kings Arms is in fantastic condition throughout. Works included redecoration inside to create a light and warm environment, alterations to the bar and function room along with new fixtures and fittings throughout. The pub also benefitted externally from new signage for the pub, car park, and garden.
The Kings Arms has a strong ale offer, pool table and dartboard, function room, and a three-tiered garden. There is no kitchen on-site however there is a cold servery to allow for bar snacks to be served.
Attitude is more valuable than experience. If you’ve got the following, we’d love to hear from you.
- Understanding of the local community
- You know what it takes to build a successful business
- You love hospitality and are great with 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 pub’s next chapter…
Trading Area & Facilities
Internally, the Kings Arms has two trading spaces; a bar and a lounge bar recently fitted with new fixtures and fittings. There is also a small function room. There is no catering kitchen.
Externally, there is a three-tiered garden and 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.
| Annual Rent | £ 20,000 |
| Estimated Annual Turnover | £ 232,353 |
| Deposit | £ 5,000 |
| Estimated Fixtures & Fittings Value | £ 6,370 |
| Estimated Stock Valuation | £ 4,885 |
| Estimated Working Capital | £ 3,500 |
| Estimated Total Ingoing Costs | £ 19,755 |
| Estimated Minimum Ingoing Costs | £ 10,052 |
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:
80, High Street, Billingshurst, RH14 9QS
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Freephone:
08085 94 95 96
Email us at
enquiries@starpubs.co.uk
Or visit
www.starpubs.co.uk
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