Kings Arms Silsden
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Square Deeping
Square Deeping
13, Market Place, Market Deeping, PE6 8EA Pub Code: 0092016101
Pub Code: 0092016101
Foundation TenancyEst Min Ingoing Costs: £9,060
Annual Rent: £18,718
Great Food Opportunity
This Square is set in the centre of the historic market town of Market Deeping. The pub attracts a good mixture of people as there is something for everyone of all ages: from young people looking for somewhere local at weekend instead of going in to Peterborough; or professionals and couples looking to go for a nice drink. Currently the pub has its own pool room and weekend entertainment to drive trade. There is a real opportunity to provide a good food offer as a full catering kitchen is on site with a dumb waiter elevator.
If you’ve benefited from running or owning a pub business, we’d love to hear what experience you can bring.
The right operator for the pub will have extensive experience in a similar food hospitality business. They will have a clear vision for their food & drinks menu and marketing strategy and can create a memorable experience for their customers.
If this sounds like the incredible pub opportunity you’ve been waiting for, apply today and tell us what you can bring to this pub’s next chapter…
Trading Area & Facilities
The Square is in good walk-in condition and has been recently painted throughout. The site boasts a full catering kitchen and this is a great opportunity to utilise this. The premises is split over 2 floors and can cater for 140 covers. The second bar upstairs could be a function room or restaurant. Outdoor there is an area with a few benches and covered smoking area. There is public parking too right outside in the main square.
Private Accommodation
The Living accomodation is on the third floor. This consist of one double bedroom, Living room, kitchen and bathroom. This would be ideal for one person or a couple but would not be suitable for family living.
Estimated Total Ingoing Costs
£16,910
Estimated Minimum Ingoing Costs
£9,060
Annual Rent
£18,718
Estimated Annual Turnover
£310,266
Deposit
£4,680
Estimated Fixtures & Fittings Value
£4,730
Estimated Stock Valuation
£4,000
Estimated Working Capital
£3,500
The above figures are provided as a guide only and will be finalised as part of the commercial agreement. All figures quoted are exclusive of VAT.
Estimated Working Capital is an estimate of key start-up costs such as professional fees, training fee, premises license fee, F&F valuation fee & till floats. There will be additional ongoing charges payable during the term of the agreement such as property maintenance, repairs fund, SmartDispense. These costs will be outlined prior to completing a business plan and finalised at Heads of Terms.
The calculation of the Estimated Minimum Ingoing Costs assumes a minimum deposit of 1 month's rent and that fixtures and fittings (F&F) are rented. The subsequent deposit build up and F&F rental costs should be included in your financial assumptions in your business plan. Note that on FRI and Investment Tenancy Agreements deposits will always be 3 month's rent in advance and fixtures and fittings (F&F) must always be purchased. A deposit of 6 month's rent will be required for operators trading under a Limited Company with no Guarantors. In order to ensure a successful start-up, all applicants must have a minimum £10,000 un-borrowed funds.
Estimated Working Capital is an estimate of key start-up costs such as professional fees, training fee, premises license fee, F&F valuation fee & till floats. There will be additional ongoing charges payable during the term of the agreement such as property maintenance, repairs fund, SmartDispense. These costs will be outlined prior to completing a business plan and finalised at Heads of Terms.
The calculation of the Estimated Minimum Ingoing Costs assumes a minimum deposit of 1 month's rent and that fixtures and fittings (F&F) are rented. The subsequent deposit build up and F&F rental costs should be included in your financial assumptions in your business plan. Note that on FRI and Investment Tenancy Agreements deposits will always be 3 month's rent in advance and fixtures and fittings (F&F) must always be purchased. A deposit of 6 month's rent will be required for operators trading under a Limited Company with no Guarantors. In order to ensure a successful start-up, all applicants must have a minimum £10,000 un-borrowed funds.
Location:
13, Market Place, Market Deeping, PE6 8EA
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To apply for this pub or for additional information, please contact us directly
Freephone:
08085 94 95 96
Email us at
enquiries@starpubs.co.uk
Or visit
www.starpubs.co.uk
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