King Alfred Alfreton

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Pub Overview

Popular High Street Pub ready for the right operator to build on its potential!

What would you do with this pub to make it even more of a success?

The area

The King Alfred is located in the high street of Alfreton. It is an imposing building. Constructed in the 1930's, the pub is the focal point of the busy, bustling ex-mining town a few miles from junction 28 of the M1. The pub is surrounded by shops, food and retails outlets and mixed housing.

Demographics

The pub benefits from being one of 8 pubs found in an area of around 4,200 adults. The pub is a key part of the local community with its inclusive offer, attracting shoppers, families and evening drinkers.

The offer

Available on our foundation tenancy agreement. Click here for more information on this agreement . The potential of this pub lies in developing a competitive 90/10, wet/dry food & drinksoffer. What food & drinks would you look to implement in the pub?

The site currently has the ability to drive trade via live entertainment, live sports and selection of pub games, such as pool, and darts. It offers a selection of cask ales, popular beers, ciders, wines and spirits, and coffees.

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 pub will have extensive experience in a high street hospitality business. They will have a clear vision for their food & drinks menu, entertainment offer and sports offer 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

  • Foundation Tenancy
  • Function Room
  • Car Park
  • Outdoor Trade
  • Private Accommodation
  • Catering Kitchen
  • Live Sports


Trading Area & Facilities

  • Main trading area with bar
  • Separate snug with pool table
  • 80 internal covers
  • 30 external covers
  • Small catering kitchen on 1 st floor
  • Function room
  • Smart Dispense
  • Small outdoor trading area adjacent to car park
  • Car park with 6 spaces


Private Accommodation

Large private accommodation spread over two floors, consists of 3 bedrooms, a living room, kitchen, bathroom and office.

Pub Financials

Annual Rent £
18,569
Estimated Annual Turnover £
362,644
Deposit £
4,642
Estimated Fixtures & Fittings Value £
24,000
Estimated Stock Valuation £
12,000
Estimated Working Capital £
3,500
Estimated Total Ingoing Costs £
44,142
Estimated Minimum Ingoing Costs £
17,047

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.

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