Dukes Head

57 High Street, Leatherhead, Surrey, KT22 8AG

Great opportunity with a great design both internally and externally!

Pub opportunities like this don't come up very often! The Dukes Head sits at the heart of a busy, town-centre shopping area. I am looking for an operator to deliver a retail operation that works hard for you from breakfast through to lunch, into the afternoon and evening. Trade areas have been zoned to accommodate casual drinkers as well as dining customers and there is also a meeting room to make even more from the space. Get in touch now! **Please note entry cost is estimated. Fixtures and Fittings are advertised as 25% deposit, full cost is subject to valuation**

Location

Business Information

Annual rent

£48,000

Weekly rent

£923

Entry costs

£53,725

Turnover royalty

%0

Forecasted Operator Turnover

£563,436

Forecasted Operator Profit (inc machine profit)

£45,446

Forecasted Operator Machine Profit

£9,000

Average Beer & Cider Discount*

Blended £108

Type of Tie

Partial tie: Tied All Beer & All Cider

Agreement

Standard Tenancy Agreement A fixed 5 year term agreement which is contracted out of the Landlord and Tenant Act 1954 •Tie variations available •Rent set at the start of the agreement, subject to the annual Retail Prices Index (RPI) which is capped •Flexible pricing options available •Greene King is responsible for the structure of the building •Ability to end agreement with 6 months notice at any time with standard notice fee equal to 3 months rent

Entry cost is approximately £53,725.00 which includes Fixtures & Fittings at 25% of estimated valuation, stock, glassware, cutlery, crockery, fuel and cleaning materials, legal, brokers and stocktaking fees, training fees, schedule of condition, working capital and deposit. Please note full valuation of Fixtures and Fittings is estimated at approximately £100,000. An assisted purchase of F&F may be available with a 25% deposit on change day and weekly re payments to purchase the remaining 75% over an agreed period

Deposit

£12,000

Fixtures & Fittings

£25,000

Legal Admin Fee

£825

Broker Fee

£750

Stocktaking Fee

£150

Working Capital

£10,000

Other Costs

£5,000

Total Entry Costs

£53,725

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.

Year Beer (Brls) Wine & Spirits (Ltrs) Minerals (Ltrs)
2018/19 233 1 4,384
2017/18 172 5 4,448
2016/17 196 0 4,310

All areas fully refurbished last year. Small car park to the side.

Trade Bars

Yes

Trade Dining Areas

Yes

Trade Kitchens

Yes

Trade Food Covers

40

Trade Gardens

No

Trade Patio Areas

Yes

Trade Rooms to Let

0

Meeting Rooms

Yes

External Child Play Areas

No

Function Rooms

No

Customer Car Park Spaces

10

Current Premises License Opening Hours

Sun - Thu: 10-:00 - 00:00
Fri - Sat: 10:00 - 01:30

The living space for The Dukes Head is large and was refurbished last year.

Private Rooms

8

Lounge

No

Dining Rooms

0

Double Bedrooms

5

Single Bedrooms

0

Bathrooms

1

Toilets

0

Private Kitchens

1

Offices

1

Bedsits

0

BDM Portrait

A great opportunity with this recently refurbished pub in the centre of Leatherhead!

Graeme Marley, Business Development Manager

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