Run a Stonegate Pub - Kings Arms Kirkby Stephen, Cumbria

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About the Pub

Kirkby Stephen is situated on the easterly edge of Cumbria and the Lake District bordering on North Yorkshire. The town is the central point of the famous Coast to Coast walk and also a route on the scenic Carlisle to Settle railway. Kings Arms is the main pub and social hub of the town. With its prime location at the heart of the town centre and rich history, the pub enjoys a loyal following including the locals as well as the visitors. The pub offers a comfortable bar area and a separate restaurant area. There are 10 letting rooms which could benefit from some updating of fixtures and fittings. The Kings Arms has an exciting new refurbishment coming including a full upgrade of the letting rooms to include 8 newly upgraded en-suite lettings rooms and the bar and restaurant to be modernised to maximise the potential of the site. A welcoming outside courtyard will be added to create an area for alfresco drinking an dining. Stonegate are seeking a new Publican with good local knowledge and who is able to integrate in to the community and realise the full potential of this site.

Business Information

Agreement: Retail Partnership Tenancy
Capital Startup: Est. £18250
Fixtures / Fittings: Est. £22000
Guide Rent: £35000 pa
Potential Turnover: £299000 pa

Regional Manager's Thoughts

The Kings Arms has a strong reputation among locals and tourists within the Kirkby Stephen area. Considered the gateway to the Lake District, the small market town has become a base for those visiting the nearby landmarks. The pub lends itself well to both tourists and locals, with three sources of income in the form of a bar, restaurant and letting rooms. Being a small town, tourism is essential to sustain locally run businesses and by hosting regular fairs and cattle shows the town regularly attracts an influx of people. Stonegate Pub Partners are therefore seeking an experienced publican with good local knowledge and the ability to integrate themselves and the business within the local community, maximising the full potential of the premises. A strong background in food, hotels or letting accommodation would also be advantageous.

Surrounding Area

Situated in the Upper Eden region of Cumbria, Kirkby Stephen has developed a strong and self-sufficient identity within its vibrant community. Located in close proximity to the Lake District, and the Pennines only a stone’s throw away, the area is a popular tourist spot among walkers, bikers and those who just love the outdoors. Local landmarks offer historical attractions for guests to visit all year round and the town is a hub for the famous Coast to Coast walk. A traditional market is held every Monday in the village, which plays a big part of local trade. Kirkby can be located on the A685 and resides around 30 miles from the larger towns of Kendal and Penrith.

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