Kings Head Shrewsbury

48 Mardol, Shrewsbury, SY1 1PP

  • Kings Head Shrewsbury
  • Kings Head Shrewsbury
  • Kings Head Shrewsbury
  • Kings Head Shrewsbury
  • Kings Head Shrewsbury
  • Kings Head Shrewsbury

Kings Head Shrewsbury

The Kings Head is a historic pub in a grade II listed building with a striking exterior soon to receive a refurbishment that will enhance this beautiful building giving it a fresh new look with a modern and trendy twist.

The Kings Head is located right in the centre of the historic market town of Shrewsbury. It sits near the River Severn, the theatre, the castle and the train station. As such, it receives high footfall from passing shoppers, professionals and tourists looking for a place to socialise over a casual drink or great food. There are over 58,000 adults living within a 10-minute drive and the town receives a high influx of tourists at the weekend, offering the incoming licensee an opportunity to cater to a wide variety of customers both day and night. The Kings Head will receive a complete refurbishment, including all trading and catering areas, creating a fantastic space for customers to enjoy the pub's new offer. Once transformed, the pub will attract a younger demographic, as well as locals and visitors looking to enjoy the great food menu and drink offer.
This is a pub with great potential, all we're missing is the right person to drive it forward. So, could that be you?

Passionate community friendly operator Wanted

Have you got the positive and driving attitude of a successful pub owner? 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 that can serve excellent products with passion and quality. The ability to drive trade by a unique and fantastic offer of food and drink is essential.

Pub Features

  • Rolling Tenancy
  • Refurbishment Planned
  • Catering Kitchen
  • Outdoor Trade

Trading Area & Facilities

A significant investment from Star Pubs & Bars will see the Kings Head transform into an aspiring pub. The refurbishment proposed will include revamping the current style of the entire interior of the pub. The site will see new finishes throughout including new floor finishes, a complete redecoration scheme featuring new wallpapers, a newly designed feature sharing table and additional loose furniture deemed right for the new scheme. In addition to these changes, existing i-beams will be exposed and new bric-a-brac will set the ambiance of the scheme. "‹The existing kitchen will be refurbished and will see the pub incorporate a service opening to help the flow and service of food. Full details of investment are TBC.

Externally, the rear yard will be extended with the existing garage being turned into seating bays. New paving and bound gravel will be introduced along with additional space for planting, festoon lighting and furniture. These changes will transform the rear into a unique selling point at the site.

Applicants should be aware that all refurbishments are subject to final board approval which will be determined as part of the leasing process.
Where significant investment is made in a pub by Star Pubs & Bars, an 'Investment Exemption' will be required. The exemption means that the option of a Market Rent Option lease won't be available at rent review for a period of up to seven years for this site, as per The Pub Code (2016)




Private Accommodation

The private accommodation at the Kings Head currently consists of three bedrooms all with en-suite bathrooms, kitchen and living area which are all located on the fist floor of the building.

In line with our Ready to Trade Promise, we will ensure the private accommodation is in good condition, so that you can focus on your business.

Premises Licence Details

Premises Licence Opening Hours

Mon Tue Wed Thu Fri Sat Sun
10:30 - 23:30 10:30 - 23:30 10:30 - 23:30 10:30 - 00:30 10:30 - 00:30 10:30 - 00:30 12:00 - 23:00

Financials

Annual Rent £
TBC
Estimated Annual FMOP (Licensee Profit) £
TBC
Representative HEINEKEN UK Brand Discount Per Barrel £
TBC
Estimated Annual Turnover £
TBC
Estimated Annual Barrelage
TBC

“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 £
TBC
Estimated Fixtures & Fittings Valuation Fee £
250
Estimated Stock Valuation £
TBC
Deposit Amount £
TBC
Rent In Advance £
TBC
Training Fee £
1,000
Estimated Designated Premises Supervisor / Manager Fee £
50
Premises Licence Fee £
180
Rates Assessment Fee £
55
Estimated Legal Fees £
650
Estimated Total Ingoing Costs £
TBC
Estimated Minimum Ingoing Costs £
TBC

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 £
0
Estimated Annual Maintenance Compliance Charge £
0
Estimated Annual Accountancy & Stocktaking Charge (including tills) £
6,108

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