Investment Planned | Under Offer

Dukes Head

57 High Street, Leatherhead, Surrey, KT22 8AG

Pub overview

Transform this pub to take advantage of its superb location

Pub opportunities like this don't come up very often! The Dukes Head sits at the heart of a busy, town-centre shopping area. We’re investing in this business to turn it into a vibrant focal point for the town. The plan is to create a retail operation that works hard for you from breakfast through to lunch, into the afternoon and evening. We’ll be zoning the trading areas to accommodate casual drinkers as well as dining customers and there is potential to develop a meeting room to make even more from the space. Get in touch now and you can help shape this business with us

The current pub has a loyal group of customers, but is not making the most of its prime location. Our investment will help you take advantage of passing trade and create something unique in the high street that will provide a perfect meeting place for shoppers as well as a more appealing destination for evening guests

Trade space
Bars 1
Car park spaces 10
Dining rooms 1
Food covers 40
Trade kitchens 1
Patio areas 2

The living space for The Dukes Head is large, so it would be suitable for a family. It is currently in need of redecoration and we can come to agreement whether this would be part of the redevelopment investment

Private space
Private Rooms 8
Double bedrooms 5
Private Kitchen 1
Bathrooms 1
Office 1

Rent information

Annual rent £60,000 per annum plus 9% Turnover Royalty
Notes

£60,000 per annum, £1,153.85 per week fixed and subject to annual RPI increase, which is capped. Paid weekly by direct debit.
Machine income free of tie.

Entry costs approx £41,975.00 which includes stock, glassware, crockery, cutlery, fuel and cleaning materials, legal, brokers and stocktaking fees, training fees, schedule of conditions, working capital and deposit (25% of head rent, minimum £6,000). Please note fixtures & fittings are still to be valued based on the refurbishment scheme, there may be an Assisted Purchase scheme available for the right operator.

Brokers £1,000 Legal £825
Deposit £15,000 Stocktaking fees £150
Fixtures & fittings TBC Working capital £20,000
Other costs £5,000 Total entry cost £41,975

Agreement description

Our Turnover Agreement reflects how your business performs. You pay a fixed rent plus a percentage of your weekly net turnover sales.
• A 5 year, fixed term agreement, contracted out of the Landlord and Tenant Act 1954.
• Basic rent plus a Turnover Royalty percentage.
• Basic rent subject to capped annual changes in the Retail Price Index (RPI) only with no rent reviews.
• Flexible tie variations available.
• Discounted price list unique to the Turnover Agreement.
• Greene King is responsible for the structure of the building.
• Ability to end agreement with 6 months’ notice and payment of a Standard Notice Fee (3 months’ basic rent). Notice can be served
at any time.

You will need to estimate the turnover you expect to achieve from the pub, with regard to food and accommodation (if applicable). Barrelage figures are given to assist you with calculations.

Calculators to help you are available on the business planning section of our website.

Trading volumes

Year Beer (Brls) Wine & spirits (Ltrs) Minerals (Ltrs)
2016/17 196 4,310
2015/16 277 5,191
2014/15 309 5,439
Volume notes

Location

Leatherhead is an affluent area with almost double the number of managerial and professional households than the national average. The town has a high proportion of house ownership and is also slightly older – so your catchment audience has money to spend! The pub’s location right on the High St close to the Swan Shopping Centre is ideal for attracting customers with high levels of disposable income and by transforming the business, you can make the most of this opportunity

Facilities

Trade bar
Car park
Dining area
Trade kitchen
Trade patio

Current premises licence opening hours

Sunday – Thursday: 10:00 - 00:00 Friday & Saturday: 10:00 - 01:30

Contact Us

Yvonne Fraser

Business Development Manager

Call us today 01284 714 497

Apply online
“ The potential for the Dukes Head is huge – an experienced operator could really cash in on the pub’s excellent location and build an exciting retail operation that makes more from daytime customers ”