Are you looking to lease a pub in Billinghurst? You could run ‘The Kings Arms’ as it’s now available.
Here at Love Your Pub we know about all of the best pubs becoming available.
For more information about this venue and how you can take the next step in your hospitality career click the link below.
Lease A Pub In Billinghurst – Run The Kings Arms
Located on the high street of Billingshurst, a village that is undergoing fast expansion through new housing developments being built. This pub has great potential to capture locals and new members of the community.
Refurbished in November 2019, the Kings Arms is in fantastic condition throughout. Works included redecoration inside to create a light and warm environment, alterations to the bar and function room along with new fixtures and fittings throughout. The pub also benefitted externally from new signage for the pub, car park, and garden.
The Kings Arms has a strong ale offer, pool table and dartboard, function room, and a three-tiered garden. There is no kitchen on-site however there is a cold servery to allow for bar snacks to be served.
The stated ingoing figures are correct at point of advertising. Please be aware there may be additional costs.
Trading Area & Facilities
Internally, the Kings Arms has two trading spaces; a bar and a lounge bar recently fitted with new fixtures and fittings. There is also a small function room. There is no catering kitchen.
Externally, there is a three-tiered garden and a decent sized car park that can fit up to 15 cars.
Private Accommodation
The private accommodation at The Kings Arms consists of three bedrooms, a kitchen, an office, a bathroom and a separate WC. 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 the business right.
Premises Licence Details
See Premises Licence for details
Kings Arms Billingshurst
Annual Rent £
20,000
Estimated Tenants Annual Operating Profit £
21,248
Representative HEINEKEN UK Brand Discount Per Barrel £
125
Estimated Annual Turnover £
232,353
Estimated Annual Barrelage
140
* 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
Ingoing Costs
Estimated Licensee Fixtures and Fittings Value £
3,383
Estimated Fixtures and Fittings Valuation Fee £
250
Estimated Stock Valuation £
4,885
Deposit Amount £
5,000
Rent in Advance £
385
Training Fee £
425
Estimated Designated Premises Supervisor / Manager Fee £
60
Premises Licence Fee £
295
Rates Assessment Fee £
55
Estimated Legal Fees £
650
Estimated Total Ingoing Costs £
15,273
Estimated Minimum Ingoing Costs £
9,890
In order to ensure a successful start-up, all applicants must have a minimum £10,000 un-borrowed funds.
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 are not included in the rent model or ongoing costs below.
Note that on FRI 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.
Other SP&B Ongoing Charges
Estimated Annual Building Insurance £
2,404
Estimated Annual Maintenance Compliance Charge £
1,862
Estimated Annual Accountancy & Stocktaking Charge (including tills) £
4908
Estimated Annual Repairs Fund £
1300
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
** 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
Kings Arms Billingshurst
Passionate Community Operator Wanted
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 who can embrace the locals, be part of the community and drive the business forward.
