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Kings Head, Market Drayton

Market Drayton TF9 3EH

Your investment

£8,000

Agreement Type

Tenancy
The Kings Head sits in its own plot on the busy main road through Market Drayton, although surrounde...

The Kings Head sits in its own plot on the busy main road through Market Drayton, although surrounded by many amenities within easy walking distance from the pub. Market Drayton is a market town in north Shropshire close to the Welsh and Staffordshire borders.

Pub Layout

The pub is in three separate areas. To the left is a dining area which holds around 20 diners and then the right-hand side is used more by locals with two televisions, piano and darts board. There is an eclectic mix of fixed and loose furniture with this side also popular with diners wishing for a more relaxed experience. The kitchen is small and compact but allows a good value led food offering. Upstairs there is a function room which has a pool table and darts board however it is also used for functions when required and has its own separate bar.

The Kings Head benefits from a car park which holds eight cars and an enclosed beer garden to the other side. Internally the pub was refurbished late last year and is in very good condition with a great selection on the bar with cask ales, lagers and gins. The pub has great community support and has numerous sporting teams such as darts and dominos along with Sky sports, weekly quiz and music nights. Food is currently served daily with a value led menu.

Private Accommodation

The private accommodation is located on the first floor and consists of a three-bedroom flat with a lounge, kitchen/diner, bathroom, separate toilet and small office.

Annual Rent: £16,500

Security Deposit: £5,000

Working Capital: £2,000

Stock: £1,000

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: £325 plus VAT

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

The Kings Head is a great community pub. I am looking for an individual or couple who are familiar to the area and will have good knowledge of online marketing platforms alongside a rhythm of the week. The food offer at this pub would benefit from a re-launch and a consistent food offer is 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). On occasion, our Business Development Manager will discuss a start up rent which is discretionary to an individual pub and can be discussed.

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.  Our standard deposit is 25% of the headline rent.  On occasion, we can negotiate a lower security deposit with the aim to build up to our full deposit on a long term agreement.

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.

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 – Before signing a long term agreement, you will be required to attend our 7 Steps to Sales Success training programme.  Held online over three days, you will learn marketing and business strategies that will help you to grow sales in your pub – step-by-step.

Service Charge Cost – £60.89 per week – The Admiral Taverns Premium Maintenance Package will help take care of your compliance and statutory obligations with one simple fee, whilst giving you piece of mind about your boiler and cellar cooling repair and replacement.  This also includes full access to e-learning for you and your staff.

*Zero Business Rates – Based on the April 2023 rating list, the Nil Rates Payable is based on small business rates relief being applied and the licensee only occupying one property for commercial purposes.


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