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Kings Arms Ulverston

KING STREET, Ulverston, Cumbria, LA12 7DZ

Refurb Planned

Under Offer

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Accommodation
Disabled Access / Facilities
Dogs Welcome
Entertainment
Function Room
Live Sport
Parking
Walks
Wi-Fi

Area Overview

Situated in a prime location in Ulverston, the Kings Arms is a popular pub.  Ulverston itself is a festival and market town in South Lakeland with a great range of specialised shops, cosy pubs and cultural hotspots.  Located in the Furness area of Cumbria, close to the Lake District and just north of Morecambe Bay, Ulverston is 8 miles east of Barrow in Furness and is renowned as the birthplace of Stan Laurel of Laurel & Hardy fame.

Private Accommodation

The private accommodation is a self-contained flat with 2 bedrooms, lounge, kitchen and bathroom.

Property Address

Kings Arms Ulverston KING STREET
Ulverston
Cumbria
LA12 7DZ

Website

Kings Arms Inn

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Overview

** NEWLY REFURBISHED PUB **  Click here to see refurbishment plans. Robinsons are seeking a new licensee to take on the tenancy of this great community pub which will be ready to trade in Autumn 2017 after refurbishment of the ground floor trading areas.  Spread over 3 floors this large, community pub already has a good wet trade and complementary food offer and a great reputation for showing live sport.  It also benefits from having a function room with its own bar, 6 letting bedrooms, catering kitchen, small car park and smoking area.  Robinsons are seeking a new licensee who can immerse themselves into the local community and take the trade at this pub, post investment, to a new level.  For illustrative purposes please see the attached design proposals and floorplan above.

Trading Accommodation

The Kings Arms Inn will benefit from a full external decoration and signage scheme.  Ahead through the main front entrance there will be a large central bar serving the 4 main trading areas – a raised lounge area to the right with tables, chairs and booth seating and 2 further bar/lounge areas (centre & left) leading to a courtyard with al fresco drinking and smoking facilities. There is an existing medium sized catering kitchen to the rear of the bar*.  In addition, there is a function room on the 1st floor that can hold up to 70 people, a small car park to the side and 6 letting bedrooms (not en-suite)*.  *Please note, there are no plans to refurbish these areas in this Phase of the works. For illustrative purposes please see the attached design proposals and floorplan in the overview section.

Financials

Rent: £30,000 per annum
Potential FMT turnover: £410,235
  • Accommodation
    £10,000
  • Beverages
    £360,235
  • Food
    £38,000

Barrelage

A barrel is a unit of measurement adopted by the pub and brewing industry. A barrel is 36 gallons or 288 pints. This excludes wines, minerals and spirits.

FMT Barrelage 322
Current MAT Barrelage 249
Last Year's MAT Barrelage 264
2 Years Ago MAT Barrelage 274
3 Years Ago MAT Barrelage 303

Discounts excl VAT

This rent assessment includes a discount of £65 per barrel on Robinsons beers and up to £55 on other beers and ciders.

Level Of Investment

This is a one-off payment made at the start of the vacancy agreement. All figures are estimates and include VAT.

4 Week's Rent £2,308
Trading Deposit £5,000
Professional Fees £1,800
Stock & Glassware £8,000
Sub Total £17,108
Fixtures & Fittings £56,000 TBC

Disclaimer

FMT barrelage: Please note that this assessment is based on the "fair maintainable trade" that can be achieved by a "reasonably efficient operator" and is not therefore a guarantee of volume or consequential sales or profit.

Similarly Historic performance, whilst a significant factor to consider, is not a guarantee of future performance of a pub and you should bear this in mind in your assessment of trading potential.

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