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 Kings Arms Pub for Sale in Weymouth, Dorset

The Kings Arms

15 Trinity Road, Weymouth, Dorset, DT4 8TJ

The Pubshop Ltd - The Friendly Pub People, Pubs for Sale

Key Features

  • Quayside location in busy tourist town of Weymouth
  • Food development opportunity
  • Attractive traditional pub with lots of character
  • Good all year round trade but with a strong seasonal uplift

The Kings Arms is an attractive Grade II listed building situated in the heart of Weymouth's waterfront. Weymouth is a popular tourist location on the Dorset coast and enjoys a healthy influx of visitors during the summer months. The town has a growing marine business and also local fishing industry. This one bar operation serves intimate and individualised trading areas. The pub has a small food offer at present but with good catering and marketing skills this side of the business could be further developed. We are ideally looking for an operator who exhibits good people skills to deal with the diverse clientele base throughout the year.

The private accommodation at the Kings Arms consists of two bedrooms, lounge, kitchen, bathroom, office and utility room.

VIEWING BY APPOINTMENT ONLY

To obtain contact details for this pub please e-mail onlinepub@pubshop.co.uk quoting the pub name or call 01305 786639.

Trading Details

The fair maintainable turnover of this business is estimated at £370,000 pa (exclusive of VAT), based on current trading conditions. This estimate is subject to there being no substantial future changes to the trading conditions affecting the business. Prospective lessees must satisfy themselves as to the sustainability of the trade and this should be reflected in the Business Plan.

The current rateable value of the business is £18,000 with rates payable at 44.5p in the £. Rates payable = £8,010. This does not take account of any applicable transitional relief and the figures are quoted for the purpose of business planning only.

Competitive Discounts on all purchases from the Pub Company.

The annual volume purchases from the Pub Company as at June 2008:

  • Beer – 360 Barrels
  • Cider – 90 Barrels
  • (1 barrel = 36 gallons)
 Kings Arms Pub for Sale in Weymouth, Dorset
 Kings Arms Pub for Sale in Weymouth, Dorset

Ingoing Costs/Purchase Price

  Short Term Lease Franchise Lease
Fixtures & fittings £ 20,000 £ 20,000
Stock at valuation £   4,000 £   4,000
Cost of lease £      291 £      291
Rent in advance £   5,483 £   5,483
Legal fees £   1,500 £   1,500
Valuation fees £      585 £      585
Deposit £ 30,433 £ 30,433
Lease premium £      nil £      nil
Initial franchise fee/Training fee £   1,175 £   1,940
TOTAL £ 63,500 £ 64,300
Minimum ingoing capital required £ 20,700 £ 21,500
Possible loan available £ 19,900 £ 19,900
Deposit build up £ 22,900 £ 22,900

Assisted entry programme available. Please enquire for details.

 Kings Arms Pub for Sale in Weymouth, Dorset

To obtain contact details for this pub please e-mail onlinepub@pubshop.co.uk quoting the pub name or call 01305 786639.

IMPORTANT INFORMATION

Whilst there is no charge incurred by purchasers using this site, (other than any costs that may have been specifically agreed), the purchaser is bound by agreement to inform the Pubshop Ltd when and if a sale has been agreed between the purchaser and the seller, for a property advertised on the website.

The Pubshop Ltd advises purchasers to use all due diligence when entering into negotiations with the sellers.

Please also be advised that a solicitor may be required for certain agreements.

Would purchasers please read the Terms & Conditions posted on the website, for using the Pubshop Ltd advertising medium.

If a purchaser wants to transfer over to the Pubshop Brokerage Service, this may be done at any time. Details of the Brokerage Service are on the main website.

Any purchasers of properties advertised on this website are offered the GQAL NCPLH at a 10% discount. Personal Licence Training can be supplied by our sister Company The Pubshop Training School Ltd. They offer the GQAL Level 2 National Certificate for Personal Licence Holders (NCPLH) across the UK. They can offer tutor led courses and their Express Home Study course. Examinations can be taken at many venues. They can also be contacted on 01305 786639 or visit their website: www.pubshoptrainingschool.co.uk

The Pubshop Ltd's Licensing Division caters for licensing applications for the Licensing Act 2003.

All representations made to this Agency from the 'landlord', including all financial considerations, premises, agreements and discounts etc are passed on to the Purchaser, with the discretion of Pubshop, but no guarantees of accuracy or descriptions of whatever nature are made between the Purchaser and Pubshop.

These particulars are for general outline purposes and do not constitute any part of an offer or contract. No responsibility is taken for any other error, omission or mis-statement in the particulars during negotiations or otherwise or representation or warranty whatever, in relation to the property.

MISREPRESENTATION ACT 1967. PROPERTY MISDESCRIPTIONS ACT 1991. These particulars are provided only as a general outline of the property referred to. Applicants should make their own enquiries and inspection of the property to satisfy themselves as to the accuracy or otherwise of the information given. Other than this general outline neither we nor any person in our employment has the authority to make, give or imply any representation or warranty whatsoever relating to the property referred to above.

 
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