Kings Arms, Newport Pagnell

Kings Arms, Newport Pagnell

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Key Highlights

• Prominent roadside location just a short walk from the town centre

• One bar operation serving all trade areas allowing operating costs to be easily managed

• Very large garden and ample off road parking

• Well equipped commercial kitchen

• Payment Plan available for Fixtures and Fittings

 

Pub Overview

The Kings Arms is a very popular local business, said to be more of a community hub for its surrounding residents. Great value food and drink have a well known high reputation for consistency, and the business operates a very busy schedule of activity driving constant footfall. The pub benefits from seating for 40 covers and very well presented external garden along with ample parking for 20 cars. Whether guests are looking for a quiet morning coffee, a spot of lunch, a few drinks with friends or a place to celebrate a birthday, The Kings Arms is a great place to visit offering something for everyone.

Suitable Applicants

The ideal applicant should be committed to providing excellent hospitality to existing and new customers, along with having the skill set to engage with the local community to drive a range of weekly activity. Experience of retail catering would be essential.

Financial Overview

ANTICIPATED INVESTMENT REQUIRED

We estimate the Investment required for this pub would be as follows:

APPROXIMATE TOTAL Please note that these are estimated figures, given as a guide only, and do not include fixtures and fittings 19,366
Security Deposit Payable in advance to Wells to cover charges incurred by your business. If your business is to operate as a limited company a bond of £10,000 is required, together with a personal guarantee for all directors 6,000
Training Course Fees   Per person (payable to Wells & Co. Ltd) 5 day  induction course mandatory for all licensees – NB £800 for two people 500
Administration Fee In the region of (payable to Wells & Co. Ltd in advance) to cover e.g. premises license changes, solicitors fees, and agreement 400
Working Capital Minimum working capital required 6,000
Stock & Glassware In the region of (paid to the outgoing licensee on the day of changeover) to cover the value of opening stock 4,000
Valuers Fee In the region of( paid to valuer) for valuing fixtures and fittings.Minimum working capital required 800
Advanced Rent In the region of (usually 1 month) - negotiable 1,666
Fixtures & Fittings  Estimated valuation to purchase e.g. carpets, curtains, tables and chairs, kitchen equipment 15,000

Ongoing Costs

Service Charge Payable monthly, to include: Cellar cooling service, Buildings insurance, Fire Compliance, Boiler maintenance (tenancies only). NICEIC Electrical Test (tenancies only) 1,820
Accountancy Services fees for a nominated accountant 2,600
Stocktaking Services Six professional stocktakes per annum 1,560
Rent In the region of (payable monthly in advance) 20,000
Please note that these are estimated figures, given as a guide only. Goods and services may be subject to VAT.

Pub Details

Severn Drive, Newport Pagnell, Buckinghamshire, MK16 9BY
Neighbourhood Premium
Enquire About This Pub

Could this be the pub for you?

Please ring 01234 244453 to speak with our recruitment team.