Property Description
Picturesque village pub with a strong food opportunity in an upmarket Fenwick location. So, what would you do with The Kings Arms to make it a success?
About the area
The Kings Arms is located in the village of Fenwick, close to the M77 motorway with easy access to Kilmarnock. The pub benefits from good transport links and is surrounded by shops, food and retail outlets, mixed housing, golfing areas and nearby tourist destinations.
The pub is one of two pubs found in an area of around 1,000 adults, giving it a strong opportunity to become a key part of village life. The existing customer base is largely made up of medium to high affluence, making this a great opportunity for someone who understands how to build a quality local offer.
The offer
The Kings Arms is a traditional village pub with a large beer garden, catering kitchen and space to develop a strong food and drinks offer.
This pub is available on our Foundation Tenancy agreement. Click here to find out more. Our Foundation Tenancy agreement is our primary pub agreement under the Leased & Tenanted model (L&T) that allows you to run your own pub business with the freedom to set the pub's offer and be responsible for the day-to-day operations of the pub, while the rent for the premises is fixed for a five year term. Backed by HEINEKEN UK, all L&T agreements are tied for beer, cider, alcopops and soft drinks but free-of-tie on wine and spirits.
The potential of this pub lies in developing a strong 70/30 food and drinks offer. The pub currently offers a selection of popular beers, ciders, wines and spirits, a pub classic menu and coffees. Trade could be driven through live entertainment, live sports, a consistent rhythm of the week, a strong food offer and making the most of the large beer garden.
We're also really interested to hear your ideas on how you would drive trade.
Who we're looking for
Attitude is more valuable than experience. If you’ve got the following, we’d love to hear from you.
Understanding of the local community
You know what it takes to build a successful business
You love hospitality and are great with 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…
Main trading area with bar
Large beer garden
75 internal covers
80 external covers
Catering kitchen
There is no private accommodation available on site.
Premises license available on request.
Agreement Type
Foundation Tenancy
Property Facilities
Outdoor Trade
Kitchen
Property Financials
Additional Information
In order to ensure a successful start-up, all applicants must have a minimum £10,000 un-borrowed funds.
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 are not included in the rent model or ongoing costs below.
Note that on FRI 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.
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
** Deposit build up will be payable over a maximum of 24 months
*** Fixtures and Fittings annual rental fee should be estimated at 15% of the F&F value. The actual F&F value will be determined on the day of entry
**** Maintenance Compliance Charge relates to the fees for various statutory inspections
***** Estimated Legal Fees is a charge applied to your account by SP&B for creation of your Lease. You are required to engage and pay for your own solicitor - your solicitor's fees are not included in the above estimate
* 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
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
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.
MISREPRESENTATION ACT 1967
My Hospitality Solutions Ltd advises that the contents of these particulars are believed to be correct and Lessees should satisfy themselves that they are accurate.
The information and images displayed about the properties advertised comprise a property advertisement only. My Hospitality Solutions Ltd is not liable for the accuracy or completeness of the advertisement or any linked or associated information and My Hospitality Solutions Limited has no control over the content.
