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Kings Head, Wye

Church Street, Wye, Kent, TN25 5BN

The Kings Head is a well established village pub & restaurant with seven letting bedrooms and its very own pizza shed in Wye, near Ashford, Kent.

Key features

  • Well established pub & restaurant 
  • Beautiful village setting in Wye, near Ashford, Kent
  • Bar & restaurant for approx. 50 covers
  • Seven ensuite letting bedrooms
  • Small meeting room for 12 delegates
  • Undercroft patio seating area 
  • Kingshed, bespoke Pizza shed 
  • Courtyard garden
  • Available quickly for the right applicants 

Floorplan

THE KINGS HEAD

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

Located at the foot of the North Downs 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.

You will find this business perfectly equipped for purpose, in great condition throughout and the pub has just benefited from an external redecoration and new signage. Internally, a central feature bar servery, open fire place and comfy sofas adorn the relaxed bar area and there is a more formal restaurant dining area for approx. 40 covers to the back of the property.

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

To the side of the property you will find an under croft seating area strung with fairy lights leading in to a small courtyard patio area, both of which are a big hit with the customers all year round.

The final jewel in the Kings Heads crown is the ‘Kingshead Pizza Shed’ which creates handmade, authentic Neapolitan style pizzas for customers to either enjoy in the bar area or to take away.

 The Kings Head is now looking for new tenants to take on the successful running of the business, so Shepherd Neame is ideally looking for experienced  operators that can continue to develop all areas of this well established site. For more information please contact the Pub Business Recruitment Manager 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 (currently used as an office). 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. 6 double rooms and 1 family room.  All include tea & coffee making facilities and digital TVs

OUTDOOR & PARKING

Undercroft seating area to the side of the property leading to 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£45000
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£66500

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£49920£51636£53,404
Per week£960£993£1027

Council tax

Band

Non Domestic Business Rates

RATEABLE VALUE - £24,500

MULTIPLIER - 0.499

ESTIMATED RATES PAYABLE  - £6,113

Trading information

Trade

Year ending 30 June

2018 2019 2020 2021
All beer and cider
Barrels
96 71 38 69
Wine
Gallons
807 586 337 388
PPS
Gallons

Premium packaged spirits (eg WKD)
0 0 0 0
Traditional Spirits
Gallons
0 0 17 34
Minerals
Ready to drink litres
0 14 1924 3480

Estimated food turnover

£4,200 per week approximately (net)

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