Run a Star Pub - Kings Arms Reeth - Richmond

An extensive refurbishment will transform The Kings Arms into a quality pub for customers to enjoy. This is an excellent business opportunity in a great location, perfect for engaging with the local community. Fantastic opportunity to take on a bustling village pub with letting rooms. Exciting Opportunity : The Kings Arms, Reeth Pub Refurbishment The area We're investing in a full refurbishment of the Kings Arms, a charming pub in the picturesque village of Reeth, in the heart of the Yorkshire Dales. The refurbishment will revitalise the ground floor, highlighting the pub's traditional features and adding a brand-new kitchen. Externally, improvements have already been completed, making the Kings Arms an inviting spot for day-trippers, walkers, and cyclists who appreciate great food, cosy fires, and a warm atmosphere after exploring the beautiful surrounding dales. With a local population and steady flow of visitors, the Kings Arms offers an excellent opportunity for an experienced food operator. You'll be at the helm of the most traditional pub in the village, serving a strong range of cask ales, quality wines, and beers, paired with hearty, classic pub menu. This is your chance to manage a thriving pub in a popular destination, supported by the investment in its refurbishment The offer Drinks :

• The Kings Arms will offer a wide-ranging drinks menu, including lagers, ciders, spirits, wines, and cask ales. This variety caters to everyone, from regulars enjoying beers to visitors seeking a more premium experience, ensuring the pub appeals to a broad audience.
Food :
• A classic pub menu will be in place, designed to suit a variety of tastes. It will complement the drinks offer, ensuring steady footfall throughout the day.
Coffee :
• A straight-forward coffee offer, attracting to daytime visitors and non-drinkers, broadening the pub's appeal. Events :
• Events will be tailored to suit the local village and seasonal events. They will create a vibrant, community-focused atmosphere and will drive a healthy rhythm of the week
The Kings Arms is available on our Investment agreement. Click here for more information on this agreement . 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 community led hospitality businesses. They will have a clear vision for their food & drinks menu , marketing strategy and entertainment 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 pubs next chapter... The Kings Arms will be undergoing a refurbishment which will cover the interior. The exterior of the pub has already been completed. Features
• Refurbishment Planned
• Investment Tenancy
• Letting Rooms
• Catering Kitchen
• Cask Ale
• Outdoor Trade
• Private Accommodation
Trading Area & Facilities The Kings Arms will be undergoing a refurbishment which will cover the interior. The exterior of the pub has already been completed. A full list of works and pub floor plan can be found in the 'refurbishment details' in the downloads. The pubs trading area and facilities post refurbishment will be :
• Main trading area with bar
• 68 internal covers
• 24 external covers
• Catering kitchen
• 10 en-suite letting rooms
• Large garden
Applicants should be aware that all refurbishments are subject to final board approval which will be determined as part of the leasing process. Where a significant investment is made in a pub by Star Pubs & Bars, an "Investment Exemption" will be required. The exemption means that the option of a Market Rent Option lease won't be available at rent review for a period of up to seven years for this site, as per The Pub Code (2016).

Private accommodation consists of 5 bedrooms, kitchen, a living room and bathroom. Pub Financials Pub Financials Icon Estimated Total Ingoing Costs 40,089 Estimated Minimum Ingoing Costs 40,089 Annual Rent 35,256 Estimated Annual Turnover 556,733 Deposit 8,814 Estimated Fixtures & Fittings Value 22,775 Estimated Stock Valuation 5,000 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