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The Kings Head is situated on the main street through the village of Sutton Bonington, approximately five miles north of Loughborough. The village itself has a population of just over 2000 residents, along with the nearby University of Nottingham campus for bioscience & veterinary medicine students, and is served by a number of small independent businesses with the Kings Head being one of only two pubs in the village. Sutton Bonington Football Club is situated nearby, along with your usual village facilities in the form of a park, childrens play area, tennis and bowling clubs. The nearby River Soar is popular with walkers, cyclists and boaters in the warmer months.
Internally the pub has a traditional yet fresh décor in keeping with the tradition of the building. It is divided into two distinct trading areas, both served from a prominent central bar. The snug bar is popular with the locals for a relaxed drink, and features a mix of fixed and loose seating and a darts oche. The lounge bar/dining area has softer furnishings and accommodates approximately 35 covers for relaxed dining. The pub has been very well maintained throughout. Externally to the front, the pub features a seating area for approximately 25-30 patrons, with a car park to the side which can comfortably accommodate 20-25 vehicles. To the rear of the pub is a good-sized enclosed beer garden. The pub recently underwent an exterior decoration giving it great kerb appeal.
The private accommodation is situated on the first floor, and is in good order. It consists of four bedrooms (the smaller fifth bedroom is currently being used as an office), lounge, kitchen and bathroom.
Annual Rent: £30,900
Security Deposit: £5,000
Working Capital: £7,000
Stock: £2,000
Business Rates: £Nil. Based on the April 2023 rating list, the Zero Rates Payable is based on small business rates relief being applied and the licensee only occupying one property for commercial purposes.
Fixtures and Fittings: To be confirmed upon valuation – funding options may be available for the right licensee.
Tie: All drinks categories are tied. For fully funded licensees on long term agreements, we offer free-of-tie options for certain drinks categories in exchange for an annual fee.
Training: £325 plus VAT
For a breakdown on financial information, please refer to the ‘Additional Info’ tab.
This is an exciting opportunity to run a well established pub business, we are looking to work with experienced licensee (s), ideally a couple with either one or both having a chef background, who will continue the excellent work of the current licensees and fully embrace village life. You will need a strong marketing plan and experience in delivering and developing a traditional village pub food offering is a must. The desire to grow the business is essential along with embedding yourself in the local village life to make this the “go to” pub for the local community.
Love Your Pub Group will send the above details on your behalf to your selected product provider(s)
Insurance disclaimer
Towergate Insurance Brokers is a trading name of Towergate Underwriting Group Limited. Registered in England No 4043759.
Registered address: 2 Minster Court, Mincing Lane, London EC3R 7PD. Authorised and regulated by the Financial Conduct Authority.
Finance disclaimer
Portman Finance Group includes Portman Asset Finance Limited (Reg No: 06226530) which is authorised and regulated by the Financial Conduct Authority for its credit broking activities and deals with a panel of lenders (FRN: 719988), Portman Leasing Limited (Reg No: 06797365) authorised and regulated by the Financial Conduct for Consumer Hire lending (FRN: 723730) and Portman Commercial Finance Limited (Reg
No: 10011121). The companies within Portman Finance Group are all registered in England and Wales with registered offices: 1 Pavilion Court, 600 Pavilion Drive, Northampton, NN4 7SL
Mortgage disclaimer
The Mortgage Hut Limited is an appointed representative of Mortgage Advice Bureau Limited and Mortgage Advice Bureau (Derby) Limited which are authorised and regulated by the Financial Conduct Authority. The Mortgage Hut Limited. Registered Office: Ground Floor, Threefield House, Threefield Lane, Southampton, Hampshire, SO14 3LP Registered in England Number: 07629941
Your home may be repossessed if you do not keep up repayments on your mortgage. There may be a fee for mortgage advice. The actual amount you pay will depend upon your circumstances. The fee is up to 1.5%, but a typical fee is 0.3% of the amount borrowed.
MISREPRESENTATION ACT 1967
The Love Your Pub Group gives notice that the contents of these particulars are believed to be correct but are given without responsibility and intending purchasers or lessees should satisfy themselves by inspection or otherwise to their correctness. These particulars do not form any part of any offer or contract and no person in the employment of the company has any authority to make or give representation of warranty to this property.
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