Soul Store West Kilburn

34 Kilburn High Road, Kilburn, NW6 2QJ

Under Offer
  • 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).

** 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) £
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