Kings Arms Billingshurst

80 High Street, Billingshurst, RH14 9QS

  • Kings Arms Billingshurst
  • Kings Arms Billingshurst
  • Kings Arms Billingshurst
  • Kings Arms Billingshurst
  • Kings Arms Billingshurst
  • Kings Arms Billingshurst
  • Kings Arms Billingshurst
  • Kings Arms Billingshurst
  • Kings Arms Billingshurst
  • Kings Arms Billingshurst
  • Kings Arms Billingshurst
  • Kings Arms Billingshurst
  • Kings Arms Billingshurst

Kings Arms Billingshurst

Recently Refurbished Community Pub

Located on the high street of Billingshurst, a village that is undergoing fast expansion through new housing developments being built. This pub has great potential to capture locals and new members of the community.

Refurbished in November 2019, the Kings Arms is in fantastic condition throughout. Works included redecoration inside to create a light and warm environment, alterations to the bar and function room along with new fixtures and fittings throughout. The pub also benefitted externally from new signage for the pub, car park, and garden.

The Kings Arms has a strong ale offer, pool table and dartboard, function room, and a three-tiered garden. There is no kitchen on-site however there is a cold servery to allow for bar snacks to be served.

Passionate Community Operator Wanted


Do you have a clear vision for how you can bring success to a community-focused pub? If so, we want to partner with you. We are looking for someone who can embrace the locals, be part of the community and drive the business forward.

Pub Features

  • Rolling Tenancy
  • Function Room
  • Car Parking
  • Live Sports
  • Outdoor Trade
  • Private Accommodation
  • Cask Ale
  • Weekly Billing

Trading Area & Facilities

Internally, the Kings Arms has two trading spaces; a bar and a lounge bar recently fitted with new fixtures and fittings. There is also a small function room. There is no catering kitchen.

Externally, there is a three-tiered garden and a decent sized car park that can fit up to 15 cars.

Private Accommodation

The private accommodation at The Kings Arms consists of three bedrooms, a kitchen, an office, a bathroom and a separate WC. 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 the business right.

Premises Licence Details

Please see the premises license for full details.

Premises Licence Opening Hours

Mon Tue Wed Thu Fri Sat Sun
10:00 - 01:00 10:00 - 01:00 10:00 - 01:00 10:00 - 01:00 10:00 - 01:00 10:00 - 01:00 10:00 - 00:30

Financials

Annual Rent £
23,500
Estimated Annual FMOP (Licensee Profit) £
25,305
Representative HEINEKEN UK Brand Discount Per Barrel £
125
Estimated Annual Turnover £
234,950
Estimated Annual Barrelage
145

“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

*** FMOP = Fair Maintainable Operating Profit

Investment

Ingoing Costs
Estimated Licensee Fixtures & Fittings Value £
3,383
Estimated Fixtures & Fittings Valuation Fee £
250
Estimated Stock Valuation £
4,000
Deposit Amount £
5,875
Rent In Advance £
452
Training Fee £
1,000
Estimated Designated Premises Supervisor / Manager Fee £
60
Premises Licence Fee £
295
Rates Assessment Fee £
55
Estimated Legal Fees £
650
Estimated Total Ingoing Costs £
16,020
Estimated Minimum Ingoing Costs £
11,268

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 £
2,403
Estimated Annual Maintenance Compliance Charge £
0
Estimated Annual Accountancy & Stocktaking Charge (including tills) £
4,908

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