The Wall Heath Tavern Kingswinford

14 High Street, Kingswinford, Kingswinford DY6 0HB

  • Wall Heath Tavern
  • Wall Heath Tavern
  • Wall Heath Tavern

The Wall Heath Tavern Kingswinford

The Wall Heath Tavern will be refurbished to transform it into a friendly, stylish local pub located in a prominent high street position in a densely populated area that boasts over 13,000 adults within a 1-mile radius. Surrounded by shops, a school and playing fields, it receives high footfall from both families and locals alike, who are looking for a place to socialise over a casual drink or great food. The Wall Heath Tavern and with a fantastic beer garden, a great 'British Heritage' food menu, premium drinks, and its rustic log fire, The Wall Heath Tavern will be able to trade at all points of the day and therefore appeal to the whole community. This high quality offer will be amplified by the stylish interior design and welcoming atmosphere of the pub - all ensuring it stands out from competitors.

Pub Features

  • Rolling Tenancy
  • Refurbishment Planned
  • Catering Kitchen
  • Private Accommodation
  • Weekly Billing

Trading Area & Facilities

The trading facilities at the Wall Heath Tavern will all be upgraded and full details are included in the Refurbishment pack attached.
There will be an upgraded kitchen which will allow the operator to deliver a classic 'British Heritage' pub menu.
The bar servery will remain in a prominent position and will be modernised to enhance the new welcoming interior
The bar area will be fully refurbished to provide a lively atmosphere for customers to enjoy socialising with a quality drinks offer.
The lounge will be a comfortable and modern space for customers to enjoy a casual drink by the fireplace.
The dining area will have a softer and more formal design to fit the 'British Heritage' pub menu. A new botanical theme will link the space to a beautiful beer garden which will become an attractive feature of the Wall Heath Tavern.
There is also a large car park to accommodate passing trade.

Applicants should be aware that all refurbishments are subject to final board approval which will be determined as part of the leasing process.
Where 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 at the Wall Heath Tavern consists of three bedrooms, kitchen and lounge. 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 the Premises Licence for further details.

Premises Licence Opening Hours

Mon Tue Wed Thu Fri Sat Sun
08:00 - 00:30 08:00 - 00:30 08:00 - 00:30 08:00 - 00:30 08:00 - 00:30 07:30 - 00:30 08:00 - 00:30

Financials

Annual Rent £
37,000
Estimated Annual FMOP (Licensee Profit) £
38,734
Representative HEINEKEN UK Brand Discount Per Barrel £
133
Estimated Annual Turnover £
508,444
Estimated Annual Barrelage
293

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 £
40,000
Estimated Fixtures & Fittings Valuation Fee £
250
Estimated Stock Valuation £
6,000
Deposit Amount £
9,250
Rent In Advance £
712
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 £
58,147
Estimated Minimum Ingoing Costs £
14,351

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 £
TBC
Estimated Annual Maintenance Compliance Charge £
TBC
Estimated Annual Accountancy & Stocktaking Charge (including tills) £

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