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Kings Head, Blakenhall

Walsall, WS3 1LU

Your investment

£8,000

Agreement Type

Tenancy
  • Great Opportunity for Cask Ale
  • Popular for Darts Teams
  • Separate Function Room

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: £14,500

Security Deposit: £5,000

Working Capital: £1,000

Stock: £2,000

Based on the April 2023 provisional rating list, the Zero Rates Payable is based on the licensee only occupying one property for commercial purposes.

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). 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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