Prince Albert Whitstable
Sea Street, Whitstable, CT5 1ANAgreement Type: Foundation Tenancy
View for Prince Albert Whitstable details24, Oaten Hill, Canterbury, CT1 3HZ
Pub Code: 2303052101
Est Min Ingoing Costs: £72,509
Annual Rent: £44,500
Fantastic Refurbishment Planned
The Cross Keys will benefit from a full internal redecoration. We’ll be installing a new raised trading area to create more usable trading space throughout, adding bespoke fixed seating, reviving the bar counter with new back fittings and adding new lighting throughout whilst renovating the existing timber flooring.
Externally, we’ll be redecorating and adding new signage and lights to the front of the building to drive curb appeal to passing trade. The rear beer garden will see a huge improvement with the addition of new planters, pergolas, decking and festoon lighting. The Cross Keys will be the go to premium local in the area, an inviting and comfortable place for a drink with friends and a fun night out.
Busy Location – Great Demographics
The Cross Keys is located just outside of the old city walls in Canterbury. Canterbury is well known for its vibrant culture with a bustling tourism trade and student population. There are great demographics around the pub, with over 6,800 adults within a 10 minute walk – expanding to 21,000 in a 20 minute walk.
Golden Potential
A high footfall area combined with the investment in the trade kitchen, refurbishment to internals and externals and a great modern garden space ensures the Cross Keys will be a golden opportunity for an operator who can drive a rhythm of the week and drive trade. The eclectic and quirky finishes with flexible zoning and a comfortable atmosphere along with the 67 internal covers and 100 external covers will ensure the pub stands out from it’s competition.
Target Customers:
When refurbished, the Cross Keys will appeal to:
Students
Office Workers
Couples and groups of friends
Sports fans through a strong cricket match day trade
Offer:
This tasteful refurbishment will inject modern character into The Cross Keys, giving it the ability to trade at all points of the day and generate multiple income streams. With premium features, a brand new bar servery, flatscreen TVs, and a private rear bar area, The Cross Keys will now be able to host any occasion in stunning surroundings. This is a pub with great potential, all we’re missing is the right person to drive it forward. So, could that be you?
If you’ve benefited from running or owning a pub business, we’d love to hear what experience you can bring.
The right operator for the Cross Keys will have extensive experience in a successful hospitality businesses. They will have a clear vision for their food & drinks menu and marketing strategy and can create a memorable experience for their customers
If this sounds like the incredible pub opportunity you’ve been waiting for, apply today and tell us what you can bring to this pub’s next chapter…
There is private accommodation at the site and there is scope for this to be further developed by the new operator. As part of the planned development included for this site a dedicated tenant’s/manager’s accommodation will be created upstairs and decorated to a good standard, this will consist of 2-3 bedrooms, living room, kitchen and bathroom.
Where required there will be appropriate works carried out in line with the Star Pubs & Bars Ready to Trade Promise.
Annual Rent | £ 44,500 |
Estimated Annual Turnover | £ 522,743 |
Deposit | £ 11,125 |
Estimated Fixtures & Fittings Value | £ 47,884 |
Estimated Stock Valuation | £ 10,000 |
Estimated Working Capital | £ 3,500 |
Estimated Total Ingoing Costs | £ 72,509 |
Estimated Minimum Ingoing Costs | £ 72,509 |
24, Oaten Hill, Canterbury, CT1 3HZ
Agreement Type: Foundation Tenancy
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Freephone:
08085 94 95 96
Email us at
enquiries@starpubs.co.uk
Or visit
www.starpubs.co.uk
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