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Pubs For Lease On The Isle Of Wight – The Kings Head Yarmouth – A Historic Pub Packed With Original Features!

Starting your search for pubs for lease on the Isle Of Wight this January?   The Kings Head Yarmouth – a  historic pub packed with original features could be your new business opportunity! All the ingredients are ready in this upmarket area for an experienced publican to realise this pub’s full potential.

Pubs For Lease On The Isle Of Wight – The Kings Head Yarmouth

 

This historic public house is in the centre of the upmarket town of Yarmouth and next to the attractive harbour. Packed with original features including a large open fireplace, heavy wooden beams and exposed stone walls, this delightful property is filled with charm. There are two bar serveries and across the two trading rooms, diners and drinkers are free to sit where they choose. The courtyard to the side of the building provides a cosy outdoor drinking area. An experienced publican who can manage all aspects of this great opportunity, in this thriving town, is now being sought.

Pubs For Lease On The Isle Of Wight

About The Kings Head Yarmouth Isle Of Wight

Indoor trading area

Traditional features including a large open fire, exposed stone walls, and heavy wooden beams create a delightfully quaint pub atmosphere. There are two compact bar serveries in the centre of the pub, and they both host cask ales as well as international brands. The property is in good condition and across two rooms, a range of loose tables and chairs allow for 80 guests to be seated throughout. All trading spaces are currently used by both drinkers and diners alike. The well-equipped commercial kitchen is large and capable of supporting a full menu. In season, small bands and duos have proven as popular entertainment options.

Outdoor trading area

The small patio area to the side of the pub has bags of character and also includes a smoking solution.

Pubs For Lease On The Isle Of Wight

Your living accommodation

The characterful private quarters have been well maintained, and comprise three bedrooms, a lounge and kitchen.

And Now To The Figures:

Potential Turnover

£508,000.00 per annum

This is our estimate of the potential annual turnover of the pub business. It does not include the financial benefits of any living accommodation, which you will need to consider.

Partnership Terms

Introductory Rent: £35,000.00 per annum, payable weekly in advance.

Based on discount scheme PARTNERSHIP BAND E

This pub needs personal investment of time, effort and skills to realise its potential. Our vision for this pub is a business capable of sustaining a rent of £46,000.00 per annum.

The proposed agreement: Retail Partnership Tenancy

(Key terms available online here) however we are prepared to discuss other Partnership agreements.

We will also discuss, your purchasing options (Wines, spirits, cask, minerals and flavoured alcoholic beverages) which you can choose all, a combination or none. Tie release fees will apply.

Estimated Capital start-up

19500 (excl VAT)

Often referred to as ingoings. Includes stock & glassware at valuation, deposit (calculated as 25% of £35,000.00), refundable at the end of your agreement dependent upon your account being in good order. Up to 2 weeks rent and other contractual charges will be payable in advance. Please note, the actual deposit payable will be 25% of the final agreed rent.

In addition you will need to provide funds for professional advice and a level of working capital – the amount will be dependent on your business plan.

Estimated fixtures & fitting value

(excl VAT)

To be discussed with the Regional Manager.

Rateable Value

Uniform Business Rate April 2017 47.9p (England) 47.9p (Wales). To establish the rate payable, please contact the relevant Local Authority.

For further information regarding the April 2017 revaluation, please visit www.tax.service.gov.uk/view-my-valuation/search

 To Enquire About This Pub Contact The Love Your Pub Team

Contact number: 01329 552730

Contact email address: info@loveyourpub.co.uk

To view The Kings Head Yarmouth full profile please click on the link below:

https://loveyourpub.co.uk/portfolio/kings-head-yarmouth-isle-wight/

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T & C’s : Please note any promotion or offer is at the discretion of the outlet & cannot be used in conjunction with any other promotion or offer at that time. Any promotion or offer can be withdrawn by the outlet at anytime.

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