Kingsway Kirkby In Ashfield

Kingsway, Kirkby-in-ashfield NG17 7FN

  • Kingsway Kirkby In Ashfield
  • Kingsway Kirkby In Ashfield
  • Kingsway Kirkby In Ashfield
  • Kingsway Kirkby In Ashfield
  • Kingsway Kirkby In Ashfield
  • Kingsway Kirkby In Ashfield
  • Kingsway Kirkby In Ashfield

Kingsway Kirkby In Ashfield

Modern Community Pub

The Kingsway is a modern and spacious community pub within the market town of Kirkby In Ashfield. Situated on a main through road, it benefits from being close to local bus links and also within walking distance from plenty of residential housing. The demographics of the area are good, with the area consisting of mainly families and professionals who enjoy a comfortable lifestyle.

Food is key at the pub an the pub would suit a mainstream food menu coupled with a Sunday carvery. An ambitious operator would have the opportunity to offer more than one food menu, due to the layout of the space both a bar and restaurant menu can be catered to. The space would also itself well to events - there is no function room but there is space to cater to semi private events such as birthdays. Added bonuses to this promising pub include a large car park and ample outdoor space.

Are you a talented community operator?

For a pub like The Kingsway, we are keen to partner with a passionate community operator who has knowledge of the local area and the ability to market their business through social media. You will have a passion for great service and know what the people in Kirkby In Ashfield want in a great pub.

Pub Features

  • Rolling Tenancy
  • Car Parking
  • Outdoor Trade
  • Private Accommodation
  • Cask Ale
  • Weekly Billing

Trading Area & Facilities

Internally the Kingsway has an appealing, modern style to it. A prior refurbishment saw the introduction of seating booths, complimented by a feature fireplace. Flooring is a mix of polished timber, carpet and tiles. The bar is surrounded with comfortable modern seating and the carvery is adjacent to the private booth area. Seating capacity for your dining guests is 96 covers.

Externally the pub has an outdoor trade area to the front which is complimented by a porch which ensures excellent kerb appeal. An outdoor courtyard to the rear has been created which is accessible from the indoor dining room. The large car park is an added bonus.


Private Accommodation

The private accommodation at the Kingsway consists of, three bedrooms, lounge, kitchen, bathroom and office. 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 business right.







Premises Licence Details

Please refer to Premises Licence for full details.

Premises Licence Opening Hours

Mon Tue Wed Thu Fri Sat Sun
10:00 - 23:00 10:00 - 23:00 10:00 - 23:00 10:00 - 23:00 10:00 - 00:00 10:00 - 00:00 10:00 - 23:00

Financials

Annual Rent £
21,000
Estimated Annual FMOP (Licensee Profit) £
23,441
Representative HEINEKEN UK Brand Discount Per Barrel £
150
Estimated Annual Turnover £
335,229
Estimated Annual Barrelage
214

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 £
11,290
Estimated Fixtures & Fittings Valuation Fee £
250
Estimated Stock Valuation £
5,500
Deposit Amount £
3,000
Rent In Advance £
40
Training Fee £
1,000
Estimated Designated Premises Supervisor / Manager Fee £
50
Premises Licence Fee £
180
Rates Assessment Fee £
55
Estimated Legal Fees £
650
Estimated Total Ingoing Costs £
22,015
Estimated Minimum Ingoing Costs £
10,860

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 £
1,218
Estimated Annual Maintenance Compliance Charge £
1,068
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