Your chance to be a pub landlord as Kings Head in Wells hits the market

By Laura Linham

3rd Oct 2023 | Local News

The Kings Head in Wells (Credit: Star Pubs and Bars)
The Kings Head in Wells (Credit: Star Pubs and Bars)

If you've ever dreamed of being a pub landlord, here's your chance, and it's an opportunity you won't want to miss.

The Kings Head in Wells, currently marketed by owners Star Pubs and Bars, is up for grabs. Situated at 36 High Street in the heart of the historical town, this recently refurbished venue is looking for a new manager under the Just Add Talent scheme, making it particularly appealing for those new to the hospitality sector.

This classic pub occupies a prime spot on Wells' bustling high street, neighboured by various shops, food outlets and mixed housing. With its strategic location, it's no surprise that the Kings Head attracts a varied clientele, from retirees to professional families.

Financially speaking, the pub offers a low ingoing cost of £4,000, with an estimated on-target earning of £44,045. Although these figures are exclusive of VAT and subject to final agreement, they present a lucrative prospect for potential managers.

Inside, the Kings Head exudes a cosy, traditional atmosphere. Imagine warming yourself next to a roaring fire in the snug or hosting diners in the separate lounge and dining room. The pub also features an upstairs trading area complete with a dartboard and meeting room. In terms of capacity, there are 54 internal covers and an additional 26 in the newly renovated courtyard — an inviting spot for those wanting to enjoy a meal or drink outdoors.

As for the amenities, the Kings Head boasts a functional small kitchen, a separate function room, and private accommodation, which includes a bedroom, lounge, kitchen, bathroom, and office. This setup is perfect for someone who wants to be fully engaged in running the pub.

Currently, food sales account for about 20% of the pub's revenue. However, a new landlord could easily diversify this mix. Whether it's introducing weekly events, pub games, or live sports screenings, the Kings Head offers plenty of ways to attract customers and build a loyal following.

If you're someone with a keen understanding of the local community and a genuine love for hospitality, experience in food service is preferred but not a deal-breaker. The Kings Head isn't just a business opportunity; it's a lifestyle offering and a chance to become a linchpin in a thriving community. So why not take that step and realise your dream of becoming a pub landlord? The Kings Head in Wells could be the start of a new chapter.

     

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