Dukes Head
Dukes Head
56 Denmark Street,
Wokingham,
Berkshire,
RG40 2BQ
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Description
The Dukes Head is a prime multi faceted business opportunity at the end of the High Street in an affluent town. With 5 well appointed en suite letting bedrooms, there is plenty of scope for this business.
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Letting Details
Description & trading style
The Dukes Head is a good sized operation at the end of a busy high street in an affluent town. There are 5 well appointed en suite letting bedrooms in a separate annex, and the bar area has a warm feel.
Location & 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.
Accomodation
Trade: 3 bar areas & 1 central servery, trade kitchen, cellar, WC's and 5 en suite letting rooms in a barn conversion. Outside: car park, patio area & stores. Private: 3 bedrooms, sitting room, kitchen, office & bathroom.
Current & future markets
The Dukes Head should be positioned to attract local office staff & shoppers & the evening leans more towards locals. With the right offer & good marketing, there is lots of scope for trade on food, drink & rooms.
Requirements
We seek skilled & experienced operators for this prime town centre venue with good food & marketing skills to maximize 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.
Estimated ingoings
£30,000 to include a security deposit (3 months of base rent), rent, service chrage and insurance advance, stock, glassware and loose goods, brokers fees, licensing, inventory and working capital.
| Trade Volumes | 2008 | 2009 | 2010 | To 16.12.1 |
|---|---|---|---|---|
| Draught Beer and Cider (36 galloon units) | 119.93 | 102.46 | 52.17 | 42.37 |
| Packaged (litres) | 949.12 | 628.32 | 116.16 | 249.48 |
| Minerals (10 litres) | 466.92 | 268.11 | 51.92 | 98.1 |
| Spirits (litres) | 354.3 | 173.9 | 44.4 | 77.2 |
| Wines (litres) | 1,498.5 | 838.5 | 543.75 | 291.0 |
Estimating turnover
You will need to estimate the turnover you expect from the pub. The current barrelage will be given to assist you with calculations, but you need to estimate the food and accommodation sales.
Guide rent
The headline rent is £30,000 per annum. Please note rent is payable fortnightly in advance by direct debit. Retail Price Indexation applies to rents.
Terms
Three year tenancy agreement to include an annual service charge that covers prooperty insurance, servicing of heating and cellar equipment etc.
Rateable value
Business rates £11,189. Please contact the local authority to find confirm rates payable.
Licenses & permits
Sale of alcohol by retail for consumption on and off the premises, playing live music and recorded music
Permitted hours
Mon - Thurs: 11.00am - Midnight
Fri & Sat: 11.00am - 1.00am
Sun: Noon - Midnight
