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Kingsway

Kingsway, Kirkby-in-Ashfield, Nottingham, Nottinghamshire, NG17 7FN
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REFURBISHMENT PLANNED

Facilities

Cask Ale
Beer Garden
External Drinking Area
Catering Kitchen
Smoking Solution
Team Games
Pool Area
Car Park
Childrens Play Area
Restaurant/Dining
Live Sports
  • Cask Ale
  • Beer Garden
  • External Drinking Area
  • Catering Kitchen
  • Smoking Solution
  • Team Games
  • Pool Area
  • Car Park
  • Childrens Play Area
  • Restaurant/Dining
  • Live Sports

Location

Modern community pub with an exciting refurbishment planned

Ingoing Cost: £4,000.00
Rent: N/A
Agreement Type: Self Employed Management
Reference Number: 924-11 / 0050286101

The stated ingoing figures are correct at point of advertising. Please be aware there may be additional costs.

Property Features:

The landlords are planning to transform the Kingsway into a bright and welcoming pub for the whole community to enjoy. The £390,000 refurbishment will boost the pub's current offer for not only live sports and casual drinking but for all the family as well - giving the pub a year-round appeal.

Internally following the refurbishment, the Kingsway will have an appealing modern style to it. There will be the renovation of seating booths alongside the general feel and style of the pub. Flooring is a mix of polished timber, carpet and tiles. Seating capacity for your dining guests will rise to 111 covers.

Externally the pub has an outdoor trade area that will be maximised during the refurbishment with the addition of new loose furniture and festoon lighting - ensuring excellent kerb appeal. An outdoor courtyard to the rear has been created which is accessible from the indoor dining room. The large car park is a bonus alongside the construction of a brand-new children's play area, with wooden climbing frames and a wet pour surface.

Trading Style:

An exciting new food and premium drink menu will create an excellent offering in this welcoming local pub setting. The extensive improvement of the outdoor trading area will maximise kerb appeal and generate fantastic additional space for all the family in the warmer months.

Situated in the market town of Kirkby In Ashfield, the local area is densely populated with 3,500 adults within 0.5 miles of the site. The proposed plans will boost the Kingsway's reputation as the go-to pub in the area, particularly for families with the addition of an outdoor play area, providing the incoming lessee with a large and lucrative customer base. The site benefits from being close to local bus links has a large car park and is also within walking distance from plenty of residential housing.

Are you a skilled hospitality manager looking for their next exciting opportunity? You may be from a management background in hospitality or retail - what matters is your passion for great customer service and your ability to lead and motivate a team of staff. Prior experience working in a pub and with food will be essential for this pub due to the refurbishment. Knowledge of the local area will also be preferred. 

Private Accommodation:

The private accommodation at the Kingsway consists of, three bedrooms, lounge, kitchen, bathroom and office. In line with their 'ready to trade promise', should any works be required, the landlords will ensure your private accommodation is in good order so that you can focus your energy on getting business right.

Key Financial Information

Please be aware energy performance certificates are available from the landlord.

Earnings Package:

  • At least 25% of the net turnover
  • 20% of the net operating profit which is uncapped and fixed across all sites

The ingoing costs are much lower on this agreement than a standard lease at £4,000, while the level of support from the landlords is high. Your reward for your hard work and dedication will be uncapped earnings through their shared profit & turnover scheme, being your own boss and running your own business. In addition to all of this, you will have a new home to call your own for you and your family.

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