Overview

Could you run this pub?

The Grade II listed Kings Arms has a strong reputation as a destination premium pub but is also well-supported by the local community. After a substantial investment, the Kings Arms will benefit from 4 good quality letting rooms and continue to provide a great food and drink offer. Located just outside the beautiful spa city of Bath, it’s well positioned to appeal to local village diners and visitors to the area alike. Maximising the potential of the letting rooms here is key, while also meeting local residents’ and visitors’ needs by offering high quality food at a reasonable price.

Business facilities

Originally established as a 17th century inn and built primarily using Bath stone, the Kings Arms is an open plan trading operation. The main bar area features a large fireplace at one end. There are dining tables throughout the pub and also a space that lends itself to be more of a formal restaurant area. The trade kitchen can provide up to 65 covers at full capacity. This Cask Marque accredited pub has had a very good reputation for food under previous operators, featuring in a number of good restaurant guides. Its letting bedrooms are all decorated to a high standard. Outside, there’s a large car park, a smoking solution and a beautiful beer garden surrounded by mature trees.

Accommodation

The domestic accommodation consists of one bedroom, a kitchen and a lounge. Punch will ensure that this accommodation is in good order.

About the local area

The village of Monkton Farleigh sits between the spa city of Bath and the town of Bradford-on-Avon. It’s a very pretty area of Somerset and both destinations are very popular, with year-round tourist trade. The village itself has many listed properties and basic amenities such as a village shop and another local pub on the outskirts. There are also several other village communities within a 7-mile radius. A large proportion of the properties here are high value and the area needs a premium pub to meet customer demand.

This pub may suit

We’re looking for a senior level manager/publican in a similar style of operation, ideally with experience of letting rooms. High quality food service is important here, as is attention to detail and overall standards.

About the Agreement

This opportunity is available on our Turnover Agreement, that reflects how your business performs. You pay a fixed rent plus a percentage of your weekly net sales turnover.

  • A 5 year fixed term agreement
  • Fixed base rent & variable turnover percentage
  • Beers, Ales & Ciders tie (equivalent to FOT pricing)
  • Free of tie on wines & spirits
  • 50% machine profit
  • Base rent weekly in advance: Variable rent weekly in arrears – using EPOS
  • Indexation each year – 5 year rent review

 

Financial Information

Initial Deposit*
£10,000
Legal Fees
£750
Fixtures and Fittings Initial Payment
£16,294
Street Check
Click Here

Business Information

Annual Rent
£39,988
Weekly Rent
£769
Forecasted Annual Wet Turnover
£211,664
Forecasted Annual Food Turnover
£223,496
Forecasted Annual Letting Room Turnover
£74,393
Forecasted Annual Other Turnover
£9,726
Agreement
Lease

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