If you are looking for managed partnership pubs in Hexham, you could run The Kings Head !
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Managed Partnership Pubs In Hexham – Run The Kings Head !
Managed Partnership Pubs In Hexham – Run The Kings Head !
The Kings Head is a beautiful Grade II listed building set in the heart of the village of Allendale, Northumberland. Situated on the market square, it’s ideally located to make the most of the village and the local amenities.
The pub itself has a large bar and dining area on the ground floor and a function room and five guest letting rooms to the first floor. The letting rooms comprise of one twin, two double and two king size, all of which have either a private bathroom or en-suite shower room. Externally the pub has small beer gardens to the rear and the front of the pub.
The Kings Head is an attractive pub and would suit Operators who can manage a wet offer, coupled with food and also the lettings rooms side of the business . It’s a relatively small / modest business and would suit first timers or experienced Operators. It would be best suited to a couple – one front of house and one kitchen.
The stated ingoing figures are correct at point of advertising. Please be aware there may be additional costs.
Managed Partnership Pubs In Hexham – Run The Kings Head !
The Kings Head Hexham
The Kings Head is a beautiful Grade II listed building set in the heart of the village of Allendale, Northumberland. Situated on the market square, it’s ideally located to make the most of the village and the local amenities.
The pub itself has a large bar and dining area on the ground floor and a function room and five guest letting rooms to the first floor. The letting rooms comprise of one twin, two double and two king size, all of which have either a private bathroom or en-suite shower room. Externally the pub has small beer gardens to the rear and the front of the pub.
The Kings Head is an attractive pub and would suit Operators who can manage a wet offer, coupled with food and also the lettings rooms side of the business . It’s a relatively small / modest business and would suit first timers or experienced Operators. It would be best suited to a couple – one front of house and one kitchen.
The Opportunity
Let your big ideas for your own pub run free as a foundation partner. Your earnings will be based on a percentage of weekly drinks sales, but you’ll have the flexibility to choose the food you offer and keep every penny of food sales! It’s the chance to:
Leave your old life behind and be your own boss
Commit to five of the most exciting years you’ll have ever worked
Live rent-free in the pub
Take home 30% of weekly drinks sales
Keep 100% of the money you make on food
Keep 50% of the profits from any gaming machines
Offer the award-winning range of fantastic Marston’s beers, wines, spirits and minerals
Have your drinks stock supplied and paid for by Marston’s, not to mention your heating and lighting
Learn from the best during your induction training and enjoy on going training and support from your dedicated Business Development Manager
Things to consider
You’ll need to put in a £5k deposit, plus legal fees and cover your own insurance (except building insurance, which we’ll pay for). Also, you’ll want to start thinking about your team; taking care of paying them and all other employment matters. We’re on-hand to offer guidance as you plan your business overheads, like business rates (and your own residential Council Tax). Also, start thinking about any internal repairs and decoration you’d like to do to bring the place up to standard and committing to an annual decorating fund.
Before we all sign the agreement and see you heading into a whole new life, you’ll just need to show us proof that you’ve had independent financial advice from an accountant and solicitor, as dictated by the Statutory Pub Code. And, of course, obtain your personal licence (which we’ll help with) and complete your induction training.
It’s a five-year commitment, so you have loads of time to build the business and get it performing brilliantly.
Private Accommodation
Private Kitchen
Yes
No of Double bedrooms:
1
No of Single bedrooms:
1
No of Reception rooms:
1
No of Private bathrooms:
1
Office
Yes
The Kings Head Hexham
Financial Info
Estimated weekly sales:
£5,250
Sales Mix (Wet/Dry/Rooms):
75 Wet / 15 Food / 10 Accomm
Security deposit:
£5,000
Legal fees:
£360 +VAT
Working capital:
£2,000
Total ingoing costs:
£7,360
The Kings Head Hexham
The Kings Head is an attractive pub and would suit Operators who can manage a wet offer, coupled with food and also the lettings rooms side of the business . It’s a relatively small / modest business and would suit first timers or experienced Operators. It would be best suited to a couple – one front of house and one kitchen.
