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Kings Head, Manchester

Eccles, M30 0HY

Your investment

£10,000

Agreement Type

Tenancy

The King’s Head is a generously sized pub situated on the well-known Barton Lane in Eccles. The pub is surrounded by housing and many small independent businesses.  The hub of Eccles town centre is less than a mile away, the Trafford Centre 1.5 mile away and Old Trafford just 3 miles away.

The King’s Head is a generously sized pub situated on the well-known Barton Lane in Eccles. The pub is surrounded by housing and many small independent businesses.  The hub of Eccles town centre is less than a mile away, the Trafford Centre 1.5 miles away and Old Trafford just 3 miles away.

Pub Layout

The King’s Head is a traditional style pub which operates from one main bar, servicing the open plan trade space. There is a mixture of fixed and loose seating which makes the area accommodating for singles, couples of larger groups. To the front right-hand side of the pub is the sports area with a pool table and space for live entertainment to place.  Toilets are located to the right-hand side, at the back of the pub. Some areas of the interior would benefit from some TLC. Externally there is a small drinking area at the front of the pub which proves very popular on sunny days!

The King’s Head is a wet led outlet with a strong focus on value for money drinks ranges. It has huge potential to be the best community pub in the area. Previously the pub has benefitted hugely by supporting local pool and darts teams, along with showing live sports. Having a strong rhythm of the week is a necessity in order to satisfy the whole community, by offering something for everyone.

Private Accommodation

The private accommodation is large and is located on the first floor and consists of four bedrooms, lounge, kitchen and bathroom

 

 

 

Annual Rent: £18,000

Security Deposit: £5,000

Working Capital: £3,000

Stock: £2,000

Fixtures and Fittings: Upon Valuation  – funding options 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: £250 plus VAT

For a breakdown on financial information, please refer to the ‘Additional Info’ tab.

The ideal Licensee(s) would be keen to work with the local population to embed this pub back into the heart of the community. They will have fantastic standards along with the energy, passion and vision to drive this pub onto the next level. Strong business management skills are a must.

 

Annual Rent – This is our lowest rent figure associated with a Full Tie.  If the tie is reduced the effective rent (via Tie Release Fees) will increase.  Rent is billed and paid for weekly in advance depending on the payment terms agreed)

Security Deposit – This sum of money will be held on your account and will be returned to you on exiting of the pub based on your final account balance and the condition of the property

Working Capital – This is a recommend amount required which will be used in the day-to-day running of the business

Stock – This will be valued by an independent valuer on the day you take over the pub. This includes unbranded glassware, unopened bottles, wines, spirits, any unopened / opened kegs and cask ale providing the container is unopened

Fixtures & Fittings – This includes any item that is bolted to the floor or walls, and a fitting to be any item that is free standing or hung by a nail or hook. This will also include furniture

Training – This is required when taking on a Business Support Agreement.  Included is an e-learning package for you and your staff and attendance to our ‘Set Up To Succeed’ workshop held at our Head Office in Chester.  Please note, you will be required to attend this workshop before signing a long term tenancy agreement.

Service Charge Cost – £30.10 per week – This is a weekly charge that includes statutory compliance certification (including Annual CP12 and CP42 gas test), cellar cooling services (including full insurance to cover repairs and / or replacements), Health & Safety Essentials (including assessments) and Licensing Support.


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