Kings Head Shrewsbury

48 Mardol, Shrewsbury, SY1 1PP

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

Kings Head Shrewsbury


An exciting £180,000 refurbishment planned that will transform this Grade II listed building.


Situated right in the center of the historic market town of Shrewsbury near the River Severn. This beautiful listed building is about to have a sympathetic refurbishment that will transform the site. It will give the pub a fresh look making it cosy and inviting while keeping its traditional feel. The pub's location benefits from high footfall including shoppers, professionals, and tourists. All looking for a great place to visit for a drink, a bite to eat, or a coffee in welcoming surroundings. The town receives an influx of tourists at the weekends and during the holiday periods. This provides a great opportunity for the Kings Head to cater to a wide variety of customers through the day and into the night.

The refurbishment will include an amazing outside trading area to the rear of the pub. This will attract customers all year round and make it stand out from its competitors in the area. It will also increase the amount of cover by 72.

This is a pub with great potential; all we are missing is the right person to drive it forward. So, could that be you? Do you have the positive and driving attitude of a successful pub owner? Do you have a clear vision for how you can bring success to Kings Head? Are you able to drive trade by introducing a unique and fantastic food and drink offer? If so, we want to hear from you.

Pub Features

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

Trading Area & Facilities

The Kings Head is a historic pub in a grade II listed building with a striking exterior.
The proposed new design aims to enhance this beautiful site whilst giving it a fresh new look with a cosy and authentic feel. The pub will receive a complete refurbishment, including all trading and catering areas. The pub has one bar servery and will have a new catering kitchen installed to accommodate 116 covers, internal 44 external 72.

The outside trading space will be extending at the back of the pub. With its festooned lighting and covered area, the Kings Head will be able to have outside trading all year round and will stand out from its competitors.

Full details and layout of this amazing transformation are available in the 'Refurbishment Details' download attached to this web page.


Applicants should be aware that all refurbishments are subject to final board approval which will be determined as part of the leasing process.
Where a 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, a separate bathroom, a kitchen, a dining room, and a living area which are all located on the first 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 £
29,750
Estimated Tenants Annual Operating Profit £
30,770
Representative HEINEKEN UK Brand Discount Per Barrel £
120
Estimated Annual Turnover £
397,458
Estimated Annual Barrelage
247

“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 £
20,500
Estimated Fixtures & Fittings Valuation Fee £
250
Estimated Stock Valuation £
5,000
Deposit Amount £
7,438
Rent In Advance £
572
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 £
35,695
Estimated Minimum Ingoing Costs £
35,695

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 £
1,317
Estimated Annual Maintenance Compliance Charge £
1,862
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