Description and Trading Style
The Dukes Head is a good sized operation at the end of a busy high street in an affluent town. There are five well appointed en suite letting bedrooms in a separate annex, and the bar area has a warm feel.
Location and Local Amenities
A prominent town centre location at the end of Wokingham High Street. The pub is close to offices, shops, the train station, and is surrounded by local homes. Wokingham is a busy market town with a high proportion of affluent homes and good road & rail links.
Trade: 3 bar areas and 1 central servery, trade kitchen, cellar, WC's and 5 en suite letting rooms (4 doubles and 1 twin with disabled access) in a barn conversion. Outside: car park, patio areas and stores.
Private: 3 double bedrooms, sitting room, kitchen, office, shower room and separate WC.
Current and Future Markets
The Dukes Head is positioned to attract local office staff & shoppers & the evening leans more towards locals. With the right offer and good marketing, there is lots of scope for trade on food, drink and rooms.
We seek skilled & experienced operators for this prime town centre venue with good food & marketing skills to maximise the opportunity here. The pub also needs a real "mine host" character to be ultimately successful. Applicants must have or be able to apply for a personal licence.
Circa £14,500 to include a security deposit (3 months of base rent), rent, service charge and insurance advance, stock, glassware and loose goods, training deposit. Fixtures & fittings are circa £12,000 and working capital is circa £4,562.
|Trade Volumes||2017||2018||2019||To 29.7.20|
|Draught Beer & Cider (36 gallon units)||159.99||171.80||156.24||43.37|
|Minerals (10 litres)||128.37||124.24||122.33||38.34|
You will need to estimate the turnover you expect from the pub. The current barrelage is given to assist you with calculations, but you need to estimate the food and accommodation sales.
Post Covid rent will be stepped for new tenants in year one to help build the business – steps to be agreed. Headline rent is £36,500 per annum payable weekly in advance by direct debit. Retail Price Indexation applies to rents.
Five year renewable tenancy agreements with an additional service charge that covers insurance, servicing of heating and cellar cooling equipment etc. There is a full wet tie unless agreed otherwise.
Rateable valueDraft 2017 figure £19,700. Please contact the local authority to confirm rates payable.
Licenses & PermitsSale of alcohol by retail for consumption on and off the premises, playing live music and recorded music.
Permitted hoursMon - Thurs: 11.00am - Midnight; Fri & Sat: 11.00am - 01.00am; Sun: Noon - Midnight.
Current Opening Times
Mon – Sun 12pm – 2pm & 6pm – 8pm