01283 501999

Kings Head

The Kings Head, 176 Newgate Street, Bishop Auckland DL14 7EJ, UK
Initial Ingoings*:
£3,750
Rent:
£231 PW
Facilities
  • Accommodation (Private)
  • Cask Ale
  • Live Sports
  • Outdoor Drinking Area
  • Team Games
  • Wifi

Overview

Looking to run a pub?

Located on a busy high street in a small ex-mining town on the outskirts of Durham City. The site is well renowned for a good choice of products and benefits from team support. It is very popular with horse racing fans as it has several TVs covering all live horse racing channels.  Its part of the local circuit on a weekend and hosts a popular quiz night midweek. The pub serves John Smiths at a discounted price which is popular with the local daytime customers.

Business facilities

The pub has a traditional feel to it, with a small bar to the left side, featuring a pool table and darts board, and a lounge area to the right side with fixed seating. This space also has a small DJ area, which is used for weekend entertainment. Free WiFi is provided. Outside, the pub has a very small yard, known as ‘the world’s smallest beer garden’.

Accommodation

The domestic accommodation consists of three bedrooms, a kitchen and a lounge. Punch will ensure that this accommodation is in good order.

Refurbishment

The Kings Head has been recently refurbished but we’re planning modest investment to upgrade the toilet facilities.

The local area

The former pit mining town of Bishop Auckland is about 10 minutes’ drive from Durham city centre and a similar distance from the picturesque North Pennines, which is popular with tourists, walkers and cyclists. The pub sits in a busy high street location, with the train station, hospital, superstores and plenty of residential properties all within easy walking distance.

This pub may suit

Ideal for someone with local knowledge and a good ‘front of house’ personality. An interest in horse racing would be beneficial and cask ale experience is required here.

About the Agreement

Our Tenancy agreements vary between 3 – 5 years offer a flexible approach to running your own pub business. Your pub will be ready to trade, with carefully tailored food and drinks menus in place which you can evolve as you go along.

You will receive a high level of support and everything you need to run a successful business. From the beginning, you will have dedicated Punch Development Manager, plus access to training and development, business planning, operations and accounting expertise.

Once you’ve completed the 5-day induction course we’ll provide you with ongoing support to help you maximise the efficiency, sales and profitability of your pub. This includes helping you decide on the right drinks offer, guidance on margin and support creating a marketing plan to build for continued success. To help market your pub, we also offer lots of support and advice.

Punch Tenancy agreements have shared repairs liability, we will help you manage your ongoing repairing obligations. We do this by operating a repairs and maintenance fund for all new agreements.

* The calculation of the initial Ingoing Costs assumes a minimum deposit (£3,000 or £6,000) plus legal fees. The subsequent deposit build up (if any) will need to be paid over 52 weeks. This can be discussed with the recruitment team or Punch Development Manager

Business Information

Initial Deposit*
£3,000
Legal Fees
£750
Weekly Rent
£231
Working Capital
£2,000 - £4,000
Maintenance Fund Per Week
£40
Fixtures and Fittings Weekly Rent
£36
Forecasted Annual Wet Turnover
£192,823
Forecasted Annual Other Turnover
£2,080
Street Check
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