Pubs for sale in Allendale

View the "LEASED PARTNERS OPPORTUNITY - Kings Head" below and request further details. Alternatively, please view the similar businesses in the 'You May Also Like' box below.
 

 I’m really happy having just sold my online business within 2 weeks of advertising on Daltons 

Sarah Davies (June 2014) View More
Leasehold Price: Price on Application
Request Details
Business Description
OVERVIEW

The Kings Head is a traditional country pub and reputedly the oldest inn in Allendale. It is in the heart of the market town and offers a warm welcome with home cooked food and quality cask ales.

TRADING AREA AND PRIVATE ACCOMMODATION

The Kings Head is a beautiful Grade II listed building with a lounge and central bar complete with an open fire which is perfect for the winter months. The dining area lies adjacent to the bar at the rear of the pub and this space could readily be changed for entertainment or events. The catering kitchen is conveniently situated off the bar. To the rear of the spacious dining room is an enclosed, attractive beer garden.

Located on the second floor, there are five letting bedrooms and they all have private en-suite facilities. The private accommodation benefits from two bedrooms, a lounge, a kitchen and a bathroom.

LOCAL AREA AND CUSTOMER BASE

The Kings Head occupies a prime site in the heart of the town and it is surrounded by a mix of residential and commercial properties. Allendale has a very broad appeal and attracts tourists throughout the year who enjoy walking, cycling and visiting local attractions such as Hadrian's Wall, the Lake District and much more.

The pub currently has a strong local following. The current food and drinks offer gives the site a wide audience and in the summer, the letting rooms could help the pub capture some of the tourist visitors.

BUSINESS POTENTIAL

The Kings Head currently trades at £3,000 wet and £1,500 dry per week.Under the right operator the Kings Head has the potential to increase sales to £5,000 per week. There is scope to drive sales further with a focus on a good food offering and by developing the letting rooms side of the business.

The successful applicant will be a hands on operator with the ability to produce a good traditional food menu. They will know how to engage with both locals and visitors and also drive business by engaging with pub teams. The Kings Head is known for its traditional cask ale bar and the ideal applicant would be passionate and knowledgeable about this part of the business.

Agreement

Pathway Tenancy
Fully tied
Barrelage Discount £70
Fair Maintainable Turnover* £234,464 p.a.

Ingoing Costs ****
Working Capital £3,000
Training Fee £550+VAT
Security Deposit £5,000
Stock and Glassware £3,000
Legal fees £500 + VAT **

Initial Contractual Costs ***
Rent £21,500 p.a.
Service charge £1,350 p.a.
Decorating fund £2,000 p.a.
Insurance £520 p.a.

Once you’ve agreed the purchase terms for the fixtures and fittings you will not be charged for any additional ingoing costs by Marston’s, other than those detailed above.
*Figure taken from Marston’s rent assessment
**An estimated figure and subject to completion within 8 weeks
***The ongoing contractual costs will vary in accordance with the terms of the specific agreement.
****You will also need to obtain independent advice from a qualified accountant, a RICS qualified surveyor and a qualified solicitor at your own cost
Tenure: Leasehold

Downloadable Documents

Listed by: Marstons
Find out more about this business for sale opportunity by submitting the form below.
Contact Details Fields marked with an * are required by the seller
* * *
* * *
* *
* *

What happens next?
  • 1We send your email to the business seller
  • 2They will be in contact with you as soon as possible
Would you like ASC to contact you about finance options?
This is a no-obligation service. You will ONLY be contacted by your local
ASC Finance director. Your details will not be passed on to any third party.

124284
Seller Reference:
Bookmark and Share
You May Also Like...
loading...