Ascot Arms Gravesend

Central Avenue, Gravesend DA12 5AW

  • Ascot Arms Gravesend
  • Ascot Arms Gravesend
  • Ascot Arms Gravesend
  • Ascot Arms Gravesend
  • Ascot Arms Gravesend
  • Ascot Arms Gravesend
  • Ascot Arms Gravesend

Ascot Arms Gravesend

Fantastic Opportunity Awaits

The Ascot Arms is located on Central Avenue in a prime location near the A2 and other major transport links and just 10 minutes from Ebbsfleet International. Situated in a large residential area, there is plenty of local custom to attract with the right offer. Modern and well decorated throughout, a large garden and a car park for 15 cars, true success will be achieved by attracting custom from further afield with a great food offer and a strong reputation in letting rooms.

Experienced, Friendly Operator Wanted!

If you think you have the experience and vision to make The Ascot Arms a success apply today to not miss out on this fantastic opportunity. The ideal operator will have both bar and catering experience and have the ability to make their own mark on an exciting new opportunity in partnership with Star Pubs & Bars.

Pub Features

  • Business Start-Up Agreement
  • Letting Rooms
  • Car Parking
  • Outdoor Trade
  • Private Accommodation
  • Pub Games
  • Weekly Billing
  • Monthly Billing

Trading Area & Facilities

The recent refurbishment truly enhanced the visual appeal of the outlet whilst modifying the internal layout to create separate games, dining and drinking zones. The result is a modern, versatile pub that also offers a greatly improved dining experience.

Internally, the Ascot Arms is made up of a large main bar and is complemented by a function room, pool/darts areas, TV viewing areas great for showing live sports and a commercial kitchen. The catering facilities are in good condition, boasting a great opportunity to grow the business through a family friendly food offer.

Externally, the pub benefits from a large outside trading area perfect for Summer time and a car park that can fit up to 15 cars.

Private Accommodation

The private accommodation at the Ascot Arms consists of seven bedrooms, lounge, kitchen and can be accessed separate to the main bar area. This could be converted into an owner's private accommodation as well as circa five letting rooms.

Premises Licence Details

See license for full details.

Premises Licence Opening Hours

Mon Tue Wed Thu Fri Sat Sun
11:00 - 00:30 11:00 - 00:30 11:00 - 00:30 11:00 - 00:30 11:00 - 01:00 11:00 - 01:00 12:00 - 00:30

Financials

Annual Rent £
21,250
Estimated Annual FMOP (Licensee Profit) £
26,130
Representative HEINEKEN UK Brand Discount Per Barrel £
125
Estimated Annual Turnover £
260,267
Estimated Annual Barrelage
150

The above figures are provided as a guide only and will be finalised as part of the commercial agreement (please download the rent model from Trading Information section for full financial details).

Historical volume figures may not include purchases made through 3rd Parties.

** All figures quoted are exclusive of VAT

*** FMOP = Fair Maintainable Operating Profit

Investment

Ingoing Costs
Estimated Licensee Fixtures & Fittings Value £
7,805
Estimated Fixtures & Fittings Valuation Fee £
250
Estimated Stock Valuation £
6,000
Deposit Amount £
5,313
Rent In Advance £
409
Training Fee £
1,000
Estimated Designated Premises Supervisor / Manager Fee £
60
Premises Licence Fee £
180
Rates Assessment Fee £
55
Estimated Legal Fees £
650
Estimated Total Ingoing Costs £
21,722
Estimated Minimum Ingoing Costs £
12,966

In order to ensure a successful start-up, all applicants must have a minimum £10,000 un-borrowed funds.

The Estimated Licensee Fixtures & Fittings (F&F) Value assumes that the pub will be let on a Rolling Tenancy or Business Start-Up Agreement, where we own the majority of the F&F. The F&F Value for Full Repairing & Insuring Leases will be significantly more.

The calculation of the Estimated Minimum Ingoing Costs assumes a minimum deposit of 1 month's rent or £3,000 (whichever is greater) and that fixtures and fittings (F&F) are rented. The subsequent deposit build up and F&F rental costs are not included in the rent model or ongoing costs below.

Other SP&B Ongoing Charges
Estimated Annual Buildings Insurance £
3,719
Estimated Annual Maintenance Compliance Charge £
1,400
Estimated Annual Accountancy & Stocktaking Charge (including tills) £
6,108

The above figures are provided as a guide only and will be finalised as part of the commercial agreement (please download the rent model from Trading Information section for full financial details)

* All figures quoted are exclusive of VAT

** Deposit build up will be payable over a maximum of 24 months

*** Fixtures and Fittings annual rental fee should be estimated at 15% of the F&F value. The actual F&F value will be determined on the day of entry

**** Maintenance Compliance Charge relates to the fees for various statutory inspections

***** Estimated Legal Fees is a charge applied to your account by SP&B for creation of your Lease. You are required to engage and pay for your own solicitor - your solicitor's fees are not included in the above estimate

****** The above figures assume that rent is billed weekly in advance and that Star Pubs & Bars retain ownership of large fixtures and fittings. Initial costs for a Fully Repairing and Insuring lease will be higher as rent is invoiced monthly in advance and all fixtures and fittings must be purchased