Kings Arms Clitheroe

144 Bawdlands, Clitheroe BB7 2LA

  • Kings Arms Clitheroe
  • Kings Arms Clitheroe
  • Kings Arms Clitheroe
  • Kings Arms Clitheroe
  • Kings Arms Clitheroe
  • Kings Arms Clitheroe
  • Kings Arms Clitheroe

Kings Arms Clitheroe

Charming Community Hub

Refurbishment Planned! The Kings Arms is a charming, established community local in a well-populated district of Clitheroe. The town is near the Forest of Bowland and attracts visitors through its numerous festivals, boutique shopping and beautiful scenery. Popular with locals and sports teams alike, an opportunity exits to drive further trade through a good food.

The site will be transformed to allow the operator to create a traditional pub food offer with a twist. The operator will have access to our premium portfolio of drinks and include a good range of cask, craft ales and spirits. Benefitting from two fireplaces, a large commercial kitchen and a great outdoor space with a children's play area, this pub has all the amenities required to create a destination pub venue.

Innovative and Creative Operator Wanted

This pub would suit an operator with the ability to drive revenue through a great food offering to compliment the strong drinks trade. We're looking for a forward thinking, creative publican, so if you're up to the challenge then get in touch today!

Pub Features

  • Rolling Tenancy
  • Car Parking
  • Refurbishment Planned
  • Catering Kitchen
  • Live Sports
  • Outdoor Trade
  • Private Accommodation
  • Pub Games
  • Cask Ale

Trading Area & Facilities

Internally, the refurbishment includes the creation of zoned trading areas to allow for a dining area with feature tables and boothed seating. The bar area will be revamped to ensure a cosy, welcoming feel, with a fireplace and stone flooring. This will lead into a second area with new timber flooring, another fireplace and mix of fixed and loose seating.

Externally, a new lighting and signage scheme will greatly enhance kerb appeal. A new seating area will be created to the front for guests to enjoy, along with a new children's playground to the rear.

Applicants should be aware that all refurbishments are subject to final board approval which will be determined as part of the leasing process.

Where a significant investment is made in a pub by Star Pubs & Bars, an "Investment Exemption" will be required. The exemption means that the option of a Market Rent Option lease won't be available at rent review for a period of up to seven years for this site, as per The Pub Code (2016).

Private Accommodation

The private accommodation consists of three bedrooms, kitchen, bathroom and living room works have already been carried out to the accommodation to bring in line with the Star Pubs & Bars Ready to Trade promise.

Premises Licence Details

See website for full licensing details.

Premises Licence Opening Hours

Mon Tue Wed Thu Fri Sat Sun
11:00 - 00:00 11:00 - 00:00 11:00 - 00:00 11:00 - 00:00 11:00 - 00:30 11:00 - 00:30 12:00 - 23:30

Financials

Annual Rent £
45,000
Estimated Annual FMOP (Licensee Profit) £
47,318
Representative HEINEKEN UK Brand Discount Per Barrel £
125
Estimated Annual Turnover £
567,768
Estimated Annual Barrelage
219

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 £
30,000
Estimated Fixtures & Fittings Valuation Fee £
250
Estimated Stock Valuation £
3,500
Deposit Amount £
11,250
Rent In Advance £
865
Training Fee £
1,000
Estimated Designated Premises Supervisor / Manager Fee £
55
Premises Licence Fee £
180
Rates Assessment Fee £
50
Estimated Legal Fees £
650
Estimated Total Ingoing Costs £
47,800
Estimated Minimum Ingoing Costs £
13,185

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 £
955
Estimated Annual Maintenance Compliance Charge £
992
Estimated Annual Accountancy & Stocktaking Charge (including tills) £
6,108

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