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Kings Arms Cheltenham
140, Gloucester Road, Cheltenham, GL51 8NB
Pub Code: 2303190101
Key Features
- Wet Lead community Local
- Great Location
- Sports Available
- Outside Trading Area
Est Min Ingoing Costs: £10,046
Annual Rent: £22,150
More Information
The Kings Arms is a traditional local community pub in the heart of Cheltenham.
This wet lead pub offers a wide range of beers and cask ales along with wines and spirits.
It is popular with locals looking to watch all major sporting events on one of the several TV’s situated around the pub or just to pop in for a great pint and a game of darts or pool.
Situated to the side of the Kings Arms is courtyard that is a suntrap in the summer, idea for relaxing with a beer on those warm days.
Trading Area & Facilities
The trading area at the Kings Arms consists of a central u-shaped bar and plenty of seating throughout the pub. It is in good decorative order. A darts board and pool table along with many TV’s make this site popular with sports fans.
There is no kitchen on site.
Outside the Kings Arms has a great courtyard with bench style seating
Private Accommodation
The private accommodation consists of 3 bedrooms, a kitchen and a lounge. As part of our Ready to Trade promise, we will ensure that your private accommodation is in a good state of repair so that you can focus your time and energy on your new business.
Premises Licence Details
Premises Licence Opening Hours
| Mon | Tue | Wed | Thu | Fri | Sat | Sun |
|---|---|---|---|---|---|---|
|
09:00 - 00:30 |
09:00 - 00:30 |
09:00 - 00:30 |
09:00 - 00:30 |
09:00 - 01:30 |
09:00 - 01:30 |
10:00 - 00:30 |
| Annual Rent | £ 22,150 |
| Estimated Tenants Annual Operating Profit | £ 22,898 |
| Representative HEINEKEN UK Brand Discount Per Barrel | £ 160 |
| Estimated Annual Turnover | £ 255,380 |
| Estimated Annual Barrelage | 196 |
* 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
** All figures quoted are exclusive of VAT
| Ingoing Costs | |
|---|---|
| Estimated Licensee Fixtures and Fittings Value | £ 10,000 |
| Estimated Fixtures and Fittings Valuation Fee | £ 250 |
| Estimated Stock Valuation | £ 5,000 |
| Deposit Amount | £ 5,538 |
| Rent in Advance | £ 426 |
| 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 | £ 22,584 |
| Estimated Minimum Ingoing Costs | £ 10,046 |
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.
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 | £ 1,651 |
| Estimated Annual Maintenance Compliance Charge | £ 1,087 |
| 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
* 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
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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