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Kings Head Shrewsbury

48, Mardol, Shrewsbury, SY1 1PP

Pub Code: 2302843101

Key Features

  • Beautiful Traditional Tudor style property
  • Great Location in Heart of Town Centre
  • Outside Trading Area

Est Min Ingoing Costs: £8,919

Annual Rent: £16,060

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More Information

The Kings Head is one of the oldest and best-known pubs in the town. Encircled by shops and landmarks providing passing trade and ample custom, the site attracts locals and tourist alike due to its historic significance and a beautiful 15th century wall painting. Despite is ancient appearance, the pub is in excellent condition throughout.

 

Passionate and driven operator wanted

Do you have a clear vision for how you can promote and drive your business?  We are looking for someone that can serve excellent products with passion and quality.  The ability to drive trade by delivering a unique and fantastic food and drink offer is essential.  

This is a pub with incredible potential.  Are you the right person to make this happen?  If so, we want to hear from you.

  • Catering Kitchen

  • Foundation Tenancy

  • Outdoor Trade

  • Weekly Billing

Trading Area & Facilities

The Kings Head trading area consists of a bar, a lounge bar and a dining area. In great condition throughout with exposed brickwork and original ceiling beams, the bar area is where friends and family can meet up to enjoy a quality pint either during the day, after work or at the weekend. A small trade kitchen exists and should be utilised to continue a tasty menu to provide additional income and profit. Externally, this eye-catching pub boasts beautiful original Tudor detailing with wooden beams evident throughout and stained-glass windows. An external drinking area can be found at the back of the pub.

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
10:30 -
23:30
10:30 -
23:30
10:30 -
23:30
10:30 -
00:30
10:30 -
00:30
10:30 -
00:30
12:00 -
23:00

Annual Rent £
16,060
Estimated Tenants Annual Operating Profit £
16,058
Representative HEINEKEN UK Brand Discount Per Barrel £
165
Estimated Annual Turnover £
257,096
Estimated Annual Barrelage
148
* 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

Ingoing Costs
Estimated Licensee Fixtures and Fittings Value £
2,475
Estimated Fixtures and Fittings Valuation Fee £
250
Estimated Stock Valuation £
4,000
Deposit Amount £
4,015
Rent in Advance £
309
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 £
12,409
Estimated Minimum Ingoing Costs £
8,919
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.
Other SP&B Ongoing Charges
Estimated Annual Building Insurance £
1,384
Estimated Annual Maintenance Compliance Charge £
1,862
Estimated Annual Accountancy & Stocktaking Charge (including tills) £
6108
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

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