Kingsway Kirkby In Ashfield

Kingsway, Kirkby-in-ashfield, NG17 7FN

Under Offer
  • Kingsway Kirkby In Ashfield
  • Kingsway Kirkby In Ashfield
  • Kingsway Kirkby In Ashfield
  • Kingsway Kirkby In Ashfield
  • Kingsway Kirkby In Ashfield

Kingsway Kirkby In Ashfield

Exciting Refurbishment Planned

We 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 pubs current offer for not only live sports and casual drinking but for all the family as well - giving the pub a year-round appeal.

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.

If you want to take a virtual tour of a recent refurbishment we have carried out, to get for a feel for our plans internally at the Kingsway, then click here.

Great Location

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 Kingsways 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?

Our Just Add Talent agreement is perfect for a first time pub operator. 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. A knowledge of the local area will also be preferred.

Just Add Talent is a lower risk and high support agreement which offers a 'foot in the door' to the leased and tenanted industry. With fixed in goings of only £4,000, you will be given the support and training you need to develop your skills and run a successful pub with Star Pubs & Bars.

Pub Features

  • Car Parking
  • Refurbishment Planned
  • Catering Kitchen
  • Outdoor Trade
  • Private Accommodation
  • Cask Ale
  • Just Add Talent

Trading Area & Facilities

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.

If you want to take a virtual tour of a recent refurbishment we have carried out, to get for a feel for our plans internally at the Kingsway, then click here.

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 an added bonus alongside the construction of a brand-new children's play area, with wooden climbing frames and a wet pour surface.

Applicants should be aware that all refurbishments are subject to final board approval which will be determined as part of the leasing process.



Private Accommodation

The private accommodation at the Kingsway consists of, three bedrooms, lounge, kitchen, bathroom and office. 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 business right.







Premises Licence Details

Please refer to Premises Licence for full details.

Premises Licence Opening Hours

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

Financials

Estimated Total Turnover £
608,814
Licensee Share of Turnover %
30.0
Estimated Licensee Share of Turnover £
182,644
Less Estimated Wage Costs £
164,380
Estimated Pub Profit £
82,581
Estimated Licensee Share of Pub Profit (20% of Estimated Pub Profit) £
16,296
Estimated On Target Earnings £
35,660

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).

The above figures and the rent model assume that the agreement includes an arrangement to share machine income. All of our pubs in England & Wales are available without a machine income share agreement and this can be negotiated as part of the commercial agreement.

* All figures quoted are exclusive of VAT

** FMOP = Fair Maintainable Operating Profit