If you are looking to lease a pub in Bridgend, you could run The Kings Head !
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Lease A Pub In Bridgend – Run The Kings Head !
Lease A Pub In Bridgend – Run The Kings Head !
The Kings Head is a great community pub situated in the heart of Bridgend town centre. The pub has a lovely, traditional feel as you enter with the bar area ahead of you as you enter. The main area has seating for approximately 60 with a mixture of low and high tables. There is also a snug area which can seat up to 10 guests. The Kings Head is a great place for all occasions whether it be a quiet drink, a sporting occasion, meeting up with friends or a big celebration. The pub is popular for live sports with the pub housing large TV screens showing Sky Sports events. Weekends are lively with entertainment and karaoke events, something the new publican should look to continue. Despite there being no current food offering there is potential for a small bar menu to be incorporated to drive additional trade with the good sized trade kitchen onsite. Externally, to the rear of the pub is a cosy courtyard with seating for approximately 15 guests.
The stated ingoing figures are correct at point of advertising. Please be aware there may be additional costs.
The Kings Head is situated in the historic town of Bridgend, Wales. The pub lies just 20 miles west of Cardiff and 20 miles east of Swansea so is in a great position to capture trade from visitors to the area. The surrounding area has plenty to offer with a busy high street and local shops. There are also plenty of car parking options in close proximity of the pub.
Private Accomodation
The private accommodation comprises of one double bedroom, a kitchen diner and bathroom. There is also potential for a further bedroom if required.
Agreement Fee: £750.00
Cash Float: £2,000.00
Fixtures & Fittings: £15,000.00
Forecast Turnover: £397,909.01
Full Deposit: £5,500.00
Full Tie Release: £36,500.00
Guide Rent: £22,000.00
Initial Deposit: £0.00
Repair Fund: £1,000.00
Stock & Glassware: £5,000.00
Working Capital: £17,000.00
Year 1 Rent: £0.00
Forecast Dry Turnover: £55,622.94
Forecast Other Turnover: £0.00
Forecast Wet Turnover: £342,286.07
Additional Info
Ingoing Cost: £17,000.00
Annual Cost: £22,000.00
Agreement Type: Fixed Term Tenancy
I’m looking for an experienced operator who has the drive to take this business to the next level by pushing sales through sport, community events, live entertainment and incorporating a small but good pub food offering.
