FindMyPub.com
Beer Garden
FindMyPub.com
External Drinking Area
FindMyPub.com
Function Room
FindMyPub.com
Restaurant/Dining
FindMyPub.com
Wi-Fi
Property details
This is a great opportunity to be involved with an exciting new concept at this newly refurbished prime high street pub in North Dorset. The Kings Arms is the largest pub in Shaftesbury and although currently a wet-led business, it has the facilities to provide a significant food offer. The pub has a fantastically prominent position at the top of the High Street and benefits from being adjacent to the main town car park. Historic Shaftesbury is one of the oldest towns in Britain as well as one of the highest. It has a population of around 10,000 and has the famous tourist attraction of Gold Hill, a steep cobbled street featured in countless publications, and most famously used in the popular Hovis bread advert.
There is an interior and exterior investment scheme taking place currently, so the new Business Partner(s) will be in the exciting position of running a newly refurbished site. The interior scheme has been completed and the site is ready for viewing. A new concept at the pub will attract all-day trade with a delicious food offering. There is a substantial trading area with huge potential, and the outdoor patio faces the public car park, which is busy throughout the day.
The pub itself is large and spacious and is adjacent to the main Shaftesbury town centre car park. It has a substantial trading area with huge potential, and the outside patio area faces the public car park, which is busy throughout the day. The pub benefits from a separate function room, and there is a good-sized catering kitchen and an underground cellar. The entrances to the pub are from the car park on one side, and the road through the town centre on the other, giving the pub great visibility and access for visitors to the town.
The domestic accommodation is currently divided into two different living areas and could be configured to suit the requirements and preferences of the ingoing operator. There is separate accommodation which could be used for the team if required.
FindMyPub.com
Cask Ale
FindMyPub.com
Catering Kitchen
FindMyPub.com
Pool Area
FindMyPub.com
Experienced Operator
Trading style
As a town centre pub in a prominent high street location, the Kings Arms has a diverse guest base of local guests, shoppers, and visitors to the historic town of Shaftesbury. Currently a wet-led pub, there is a great opportunity here to further broaden the guest base with a quality food offer, tailored to both daytime and evening trade.
The ideal applicant(s) will be experienced operators with a strong food-focused background, and knowledge of providing delicious, fresh food and exceptional coffee. We are looking for energetic and passionate entrepreneurs with vision, who will embrace this opportunity to realise the potential of this characterful pub and be fully involved in the refurbishment scheme.
This is a fantastic business opportunity for the right operator(s) to demonstrate their creative flair and assist with developing a new cafe lounge concept for this site.
Key financials
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Reference Number:
MWMA7Q /
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Agreement Type:
Tenancy
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Min Ingoing Cost:
£10,000.00
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Annual Rent:
£49,500.00
The stated ingoing figures are correct at point of advertising. Please be aware there may be additional costs.
Please note that the energy performance certificate is available from the landlord.
FAIR MAINTAINABLE TURNOVER: £450,000 PER ANNUM
INGOINGS BREAKDOWN:
Rent: £49,500 (first-year rent negotiable)
Deposit: £7,500
Training fee: £1,200 incl VAT
Working capital: £10,000
Fixtures & Fittings: TBC (Inventory is an estimated net of VAT. Loan facilities are available for the purchase of fixtures and fittings).
Change of DPS fee: £200 incl VAT
Digital assets fee: £200 incl VAT
Minimum investment: £30,000