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Kings Head, Wye

Church Street, Wye, Kent, TN25 5BN

The Kings Head is an award winning gastro pub & restaurant with seven letting bedrooms and its very own bespoke pizza shed, located in the beautiful village of Wye, near Ashford in Kent.

Key features

  • Well established gastro pub & restaurant 
  • Beautiful village setting in Wye, near Ashford
  • Bar & restaurant for approx. 50 covers
  • Seven ensuite letting bedrooms
  • Small meeting room
  • Undercroft patio seating area 
  • Kingshed, bespoke Pizza shed 
  • Courtyard garden

Floorplan

THE KINGS HEAD

If you are looking for a successful and well-established gastro pub & restaurant in a beautiful Kentish village, with the added extra bonus of letting bedrooms and its very own bespoke pizza shed, then look no further than the Kings Head.

Located at the foot of the North Downs in Wye near Ashford, Kent, the Kings Head is a former Victorian coaching inn that boasts a great central location at the heart of Wye village in an area of outstanding  natural beauty.

Stripped wooden floors and a fresh, light and airy ambience has been created internally and you will find this business perfectly equipped for purpose and in great condition throughout. The central feature bar servery is surrounded by an open fire and lots of comfy sofas and chairs in the relaxed bar area and there is a more formal restaurant dining area for approx. 40 covers.

Seven beautifully well-kept, ensuite letting bedrooms are located across the first and second floor of the building, together with a private meeting and function room which is laid up boardroom style for 12  delegates. The private accommodation is made up of two double bedrooms with bathrooms on the first floor both of which are currently being utilised by staff and there is also a staff room and housekeeping storage available.

Outside you will find with a pretty undercroft seating area strung with fairy lights to the side of the building and a small courtyard patio area, both of which are a huge hit with the customers all year round.

The final jewel in the Kings Heads successful crown is its recently introduced Kingshead pizza shed which creates handmade, authentic Neapolitan style pizzas for customers to either enjoy in the bar area or to even take away in the village.

Shepherd Neame is now looking for experienced pub & restaurant operators, ideally with previous accommodation knowledge, that can continue to maintain the already excellent standards at the Kings Head whilst continuing to drive it forward. Please contact us for more information on 01795 542132.

BAR, RESTAURANT & KITCHEN

Open plan trade area with central feature bar servery, bar area for 10 covers, restaurant dining area for 40 covers. Well equipped trade kitchen. Boardroom style meeting room for 12 delegates on 1st floor. Kingshed Pizza co. in courtyard garden. Staff room & laundry room on first floor

LETTING ACCOMMODATION

7 ensuite letting bedrooms set out over 1st and 2nd floors. 5 double rooms, 1 family room, 1 single room. All include tea & coffee making facilities and digital TVs

OUTDOOR & PARKING

Popular undercroft seating area to the side of the property for alfresco dining and a small court yard patio at the back of the property. Large barn currently utilised for storage

PRIVATE ACCOMMODATION

Currently the private accommodation is used for staff and consists of just two bedrooms on the 1st floor - 1 ensuite double bedroom and 1 bedroom with a bathroom next door to it

Capital Requirements

Estimated capital requirements

Trading deposit£5000
Contract deposit
refundable on day of charge
£500
Repair scheme
+ monthly payments £50
£5000
Inventory£
Stock, glassware, cutlery, crockery, etc
Estimated subject to independent valuation by trade broker and stock taker
£5000
Working capital£5000
Training deposit
£750 refundable on completion of training
£1000
Total estimated ingoings£

Minimal capital considered

Minimum capital considered
Based on: Trading deposit + stock, glassware, cutlery,
crockery, etc, working capital + training deposits + misc
£21500
Please note: Where only minimal capital is available inventory will be rentalised.

Rent and charges

Rent

Year 1Year 2Year 3
Per anum£TBA£TBA£TBA
Per week£TBA£TBA£TBA

Council tax

Band

Non Domestic Business Rates

RATEABLE VALUE - £24,500

MULTIPLIER - 0.499

ESTIMATED RATES PAYABLE  - £0

NOTE: 

  • Retail relief has been increased to 100 % for the hospitality industry between 1st April 2020 to 31st March 2021
  • The above calculations are estimations only and as rateable values are  subject to change, we would request that the prospective new  tenant checks the rates payable and any other relief with the local authorities prior to completing a financial plan

Trading information

Trade

Year ending 30 June

2017 2018 2019 2020 (Jul 19 - Jan 20)
All beer and cider
Barrels
89 99 96 53
Wine
Gallons
793 805 807 446
PPS
Gallons

Premium packaged spirits (eg WKD)
Traditional Spirits
Gallons
Minerals
Ready to drink litres

Estimated food turnover

£5,300 per week approximately

Shepherd Neame has no access to the tenant's food turnover figures. Please note this figure is estimated as accurately as possible at time of publishing.

Licence information

Hours authorised by the premises licence

Supply of alcohol, background music and provision of late night refreshment.

Sunday - Thursday - 10.00 - 23.30
Friday - Saturday - 10.00 - 00.00

Open to the public

Sunday - Thursday - 08.00 - 00.00
Friday - Saturday - 08.00 - 00.30

Live music

Monday - Sunday - 10.00 - 23.00

Agreement Overview

  • This pub is being offered on a traditional rolling tenancy agreement that is subject to a five year rent review
  • This agreement is covered by the ‘Landlord & Tenant Act’
  • This is a fully tied agreement across all beer, cider, wine, PPS, spirits and minerals
  • Any deviation from the standard terms outlined above should be discussed at interview stage with your designated Business Development Manager
  • Please note that we require all licensees to pass the Pre-Entry Awareness Training Course (PEAT) a minimum of five days before you can attend a formal shortlist interview with us. Please ask us for more information about PEAT if required
  • You can see our code of practice at the top of this page