Soul Store West Kilburn

34 Kilburn High Road, Kilburn, London NW6 2QJ

  • Soul Store West
  • Soul Store West
  • Soul Store West Bar
  • Soul Store West Seating Area
  • Soul Store West Dining Area
  • Soul Store West Behind Bar
  • Soul Store West Dancefloor
  • Soul Store West Dancefloor
  • Soul Store West
  • Soul Store West Seating Area
  • Soul Store West Seating Area
  • Soul Store West Seating Area
  • Soul Store West Bar

Soul Store West Kilburn

Late Night Live Music Venue

Soul Store West is a high energy live music venue and eatery in Kilburn, Northwest London. Situated on Kilburn High road, the main thoroughfare running northwest-southeast, part of the modern A5 road, which forms the boundary between the boroughs of Brent and Camden. Kilburn today is a busy and multicultural London district with a bustling atmosphere.

As the name suggests, this venue has Soul with music taking centre stage. The future of the Soul Store West will include a good street food offer enticing in crowds for a laid back meal all throughout the day and night.

Experienced, Ambitious Operator Wanted!

The ideal operator will have experience of running a similar, large music venue and have a vision around the calendar of events to keep things fresh. Your food offer will be reflective of your customer's needs, casual dining while they socialise, day and night.

Pub Features

  • Music Venue
  • Catering Kitchen
  • Long-Term FRI Lease
  • Private Accommodation
  • Monthly Billing

Trading Area & Facilities

Internally the Soul Store West features stripped back, warehouse-style décor and quirky features. There is a large main bar area as well as a smaller bar which could be used as a private bar opportunity. The catering facilities need investment.

Externally, there may be an opportunity for 12 tables and chairs for customers to enjoy a drink in the warmer months subject to licensing.

Private Accommodation

There is private accomodation located on site - further details to follow.

Where required there will be appropriate works carried out in line with the Star Pubs & Bars Ready to Trade Promise.

Premises Licence Details

See premise license for full details.

Premises Licence Opening Hours

Mon Tue Wed Thu Fri Sat Sun
11:00 - 01:00 11:00 - 01:00 11:00 - 01:00 11:00 - 01:00 11:00 - 01:00 11:00 - 01:00 11:00 - 00:00

Financials

Annual Rent £
74,500
Estimated Annual FMOP (Licensee Profit) £
74,163
Representative HEINEKEN UK Brand Discount Per Barrel £
175
Estimated Annual Turnover £
755,710
Estimated Annual Barrelage
348

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 £
100,000
Estimated Fixtures & Fittings Valuation Fee £
250
Estimated Stock Valuation £
30,000
Deposit Amount £
18,625
Rent In Advance £
1,433
Training Fee £
1,000
Estimated Designated Premises Supervisor / Manager Fee £
60
Premises Licence Fee £
295
Rates Assessment Fee £
55
Estimated Legal Fees £
650
Estimated Total Ingoing Costs £
152,368
Estimated Minimum Ingoing Costs £
152,368

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 £
4,632
Estimated Annual Maintenance Compliance Charge £
1,542
Estimated Annual Accountancy & Stocktaking Charge (including tills) £
5,950

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