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Kings Head, Blackenhall

Walsall, WS3 1LU

Your investment

£8,000

Agreement Type

Tenancy

The Kings Head is situated in Blakenall Heath, a suburb of Walsall. Located conveniently for the M6 and A5 this is a well-established business and is very community orientated. hosting lots of charity events and being linked to lots of teams, groups and societies.

The Kings Head is situated in Blakenall Heath, a suburb of Walsall. Located conveniently for the M6 and A5 this is a well-established business and is very community orientated. hosting lots of charity events and being linked to lots of teams, groups and societies.

Pub Layout

There is a hard floor bar area with seating for about 30 people and a darts area. The central island bar services the bar, lounge and the outdoor area. To the upstairs is a darts/sports room with 6 boards in place. Externally there is a courtyard garden and a large car park at the front of the pub.

The Kings Head attracts a more mature clientele and hosts a darts, dominoes and a crib team. This is a well-known and established business so the new operator will need to have an understanding of local area and the history of the site. Locals frequently visit the pub and the pub’s events are well marketed through both traditional and digital media.

Private Accommodation

The private accommodation consists of a downstairs lounge and small kitchen as well as three double bedrooms and a bathroom.

Annual Rent: £TBC

Security Deposit: £5,000

Working Capital: £1,000

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: £325 plus VAT

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

There is much potential here to grow trade by The successful applicant will ideally be local to the area with experience in the pub industry running community pubs. They will also have a passion for cask ales and keep a great cellar. Engaging with the local community will be key to the site’s future success. Maintaining support for the existing teams and societies that already call the pub home and continuing the great charity work the pub is known for will be essential.

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 – £28.01 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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