Beer Garden
External Drinking Area
Car Park
Restaurant/Dining
Property details
This is a wonderful prospect to build on what is already a well-established business with a fantastic reputation in the local community.
The Kings Arms has built a great reputation in the local area over the last few years. The Kings Arms features a separate lounge and bar area. There is a small kitchen that could be updated to be used for a small food offering to boost trade.
The site also benefits from a car park and an external seating area.
The private accommodation consists of three double bedrooms a lounge kitchen and a bathroom.
Cask Ale
Catering Kitchen
Team Games
Live Sports
Experienced Operator
Trading style
The landlords are on the hunt for tenants for the Kings Arms in Ravenstone near Ashby-de-la-Zouch.
They are looking for an experienced operator who is looking for a challenge and the ambition to grow this community village pub.
Key financials
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Reference Number:
PSCFKB / 31734
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Agreement Type:
Tenancy
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Min Ingoing Cost:
£15,360.00
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Annual Rent:
£18,250.00
The stated ingoing figures are correct at point of advertising. Please be aware there may be additional costs.
Please be aware energy performance certificates are available from the landlord.
Keep 100% of the business’ profits.
Put together your own menus and choose your own food.
Keep 50% of profits from any gaming machines.
FINANCIAL BREAKDOWN:
Fair Maintainable Turnover: £239,106
Barrelage Discount: £60
Training fee: £0
Legal fees: £360
Working Capital: £2,000
Security Deposit: £5,000
Stock & glassware: £8,000
Total ingoing costs: £15,360
Rent: £18,250
Service Charge: £1,492
Decorating fund: £2,000
Insurance: £520
Total ongoing costs: £22,262