Investment Planned

Dukes Head

57 High Street, Leatherhead, Surrey, KT22 8AG

Pub overview

A great opportunity for a quality operator on the high street of Leatherhead, with planned investment!

Pub opportunities like this don't come up very often! The successful applicant will take the pub with us straight into the much needed refurbishment program which will move the business from a wet led, sports type bar to a quality pub with a good quality food offer.

One bar operation with dining area, sofa area and access to a games room with pool table.

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

In need of redecoration. 1 Kitchen/Diner, 5 double rooms, 1 bathroom,, 1 large room currently being used as office and 1 storage space

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

Rent information

Annual rent £60,000.00 per annum plus 8.50% 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 £101,975 which includes fixtures and fittings, 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 estimated based on the refurbishment scheme, there may be an Assisted Purchase scheme avaliable for the right operator.

Brokers £1,000.00 Legal £825.00
Deposit £15,000.00 Stocktaking fees £150.00
Fixtures & fittings £60,000.00 Working capital £20,000.00
Other costs £5,000.00 Total entry cost £101,975.00

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)
2015/16 277 5,191
2014/15 309 5,439
2013/14 338 1,237 5,737
Volume notes

Location

Located on the High St of Leatherhead close to the Swan Shopping Centre. Leatherhead is a close link to the M25, J9

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 0845 607 5330

Apply online
“ A great opportunity for an experienced operator to turn the Dukes Head to a quality pub. ”