Pub Overview The Area: The Kings Arms benefits from being one of four pubs found in an area of around 3,000 adults. The local customer base is made up of families, working professionals and mature residents of medium affluence. This traditional market-town setting offers limited competition and strong community loyalty, giving the refurbished pub a clear opportunity to become the heart of Cleobury social life. The Offer: The Kings Arms is available on our investment tenancy agreement. Click here for more information on this agreement. Following a full internal and external refurbishment - new bar, polished timber floors, redecorated toilets, upgraded kitchen, refreshed pergola, decking, signage and lighting - the Kings Arms will relaunch as a warm, family-friendly premium local. The drinks range will feature cask and keg beers, premium lagers, wines, spirits and softs, complemented by a straightforward coffee offer. A menu of pub classics cooked with care and a lively rhythm of quizzes and weekend entertainment will keep trade flowing all week. We’re always open to new ideas - what would you do to drive trade? If you’ve benefited from running or owning a pub business, we’d love to hear what experience you can bring. The right operator for the Kings Arms will have extensive experience in hospitality businesses. They will have a clear vision for their drinks range, food offer and community events and can create a memorable experience for their customers. If this sounds like the incredible pub opportunity you’ve been waiting for, apply today and tell us what you can bring to this pub’s next chapter Features Investment Tenancy Refurbishment Planned Catering Kitchen Outdoor Trade Private Accommodation Trading Area & Facilities The Kings Arms will be undergoing a refurbishment which will cover the trading area, toilets, kitchen and external spaces of the pub. A full list of works and pub floor plan can be found in the ‘refurbishment details’ in the downloads section. The pub’s trading area and facilities post refurbishment will be: Main trading area with bar Separate dining room 61 internal covers 74 external covers Catering kitchen HEINEKEN SmartDispense Beer garden with pergola & decking Applicants should be aware that all refurbishments are subject to final board approval which will be determined as part of the leasing process. Private Accommodation Private accommodation consists of two bedrooms, kitchen, lounge and bathroom. Pub Financials Pub Financials Icon Estimated Total Ingoing Costs £25,250 Estimated Minimum Ingoing Costs £25,250 Annual Rent £23,000 Estimated Annual Turnover £375,687 Deposit £5,750 Estimated Fixtures & Fittings Value £12,000 Estimated Stock Valuation £4,000 Estimated Working Capital £3,500 The above figures are provided as a guide only and will be finalised as part of the commercial agreement. All figures quoted are exclusive of VAT. Estimated Working Capital is an estimate of key start-up costs such as professional fees, training fee, premises license fee, F&F valuation fee & till floats. There will be additional ongoing charges payable during the term of the agreement such as property maintenance, repairs fund, SmartDispense. These costs will be outlined prior to completing a business plan and finalised at Heads of Terms. The calculation of the Estimated Minimum Ingoing Costs assumes a minimum deposit of 1 month's rent and that fixtures and fittings (F&F) are rented. The subsequent deposit build up and F&F rental costs should be included in your financial assumptions in your business plan. Note that on FRI and Investment Tenancy Agreements deposits will always be 3 month's rent in advance and fixtures and fittings (F&F) must always be purchased. A deposit of 6 month's rent will be required for operators trading under a Limited Company with no Guarantors. In order to ensure a successful start-up, all applicants must have a minimum £10,000 un-borrowed funds. Downloads Demographics Report Download arrow Energy Performance Certificate Download arrow Refurbishment Details Download arrow