Cross Keys Canterbury
24 Oaten Hill, Canterbury, CT1 3HZAgreement Type: Investment Tenancy
View details for Cross Keys Canterbury
Goodwin Deal
32, High Street, Deal, CT14 6HE
Pub Code: 2302697101
Key Features
- Busy High Street Location
- Full Catering Kitchen
- Courtyard Beer Garden
- Great Food Opportunity
- Private Accommodation
Est Min Ingoing Costs: £11,754
Annual Rent: £39,055
More Information
The area
The Goodwin is located in the coastal town of Deal in Kent. The pub is just one street back from the seafront and Deal pier and surrounded by local shops and amenities on the high street.
The pub is walking distance from Deal train station.
Demographics
The pub is one of 19 pubs found in an area of around 5,056 adults but benefits from the busy footfall of tourists and passing trade, visiting the high street.
The offer
Available on our foundation tenancy agreement. Click here for more information on this agreement. The site currently has the ability to drive trade through offering a good premium range of lagers, ciders, craft beers and cask ale. The pub shows terrestrial sporting events and the occasional entertainment.
The potential of this pub lies in introducing a really good quality pub food offer, having a good marketing strategy, and taking advantage of all the opportunities in the local area and introducing a strong calendar of events.
We’re always open to new ideas, what would you do to drive trade?
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 pub will have extensive experience in a similar hospitality business. They will have a clear vision for their food & drink offer, marketing strategy, and calendar of events 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…
Trading Area & Facilities
- Main trading area with bar
- Separate dining room
- 54 internal covers
- 28 external covers
- Full commercial kitchen
- Function room
- SmartDispense
- Rear courtyard garden
- Public car park within a minutes’ walk
Private Accommodation
Private accommodation consists of kitchen, lounge, bathroom and 4 bedrooms all in good condition following refurbishment in 2020.
| Annual Rent | £ 39,055 |
| Estimated Annual Turnover | £ 419,943 |
| Deposit | £ 9,763 |
| Estimated Fixtures & Fittings Value | £ 19,485 |
| Estimated Stock Valuation | £ 5,000 |
| Estimated Working Capital | £ 3,500 |
| Estimated Total Ingoing Costs | £ 37,748 |
| Estimated Minimum Ingoing Costs | £ 11,754 |
The above figures are provided as a guide only and will be finalised as part of the commercial agreement. All figures quoted are exclusive of VAT.
Estimated Working Capital is an estimate of key start-up costs such as professional fees, training fee, premises license fee, F&F valuation fee & till floats. There will be additional ongoing charges payable during the term of the agreement such as property maintenance, repairs fund, SmartDispense. These costs will be outlined prior to completing a business plan and finalised at Heads of Terms.
The calculation of the Estimated Minimum Ingoing Costs assumes a minimum deposit of 1 month's rent and that fixtures and fittings (F&F) are rented. The subsequent deposit build up and F&F rental costs should be included in your financial assumptions in your business plan. Note that on FRI and Investment Tenancy Agreements deposits will always be 3 month's rent in advance and fixtures and fittings (F&F) must always be purchased. A deposit of 6 month's rent will be required for operators trading under a Limited Company with no Guarantors. In order to ensure a successful start-up, all applicants must have a minimum £10,000 un-borrowed funds.
Estimated Working Capital is an estimate of key start-up costs such as professional fees, training fee, premises license fee, F&F valuation fee & till floats. There will be additional ongoing charges payable during the term of the agreement such as property maintenance, repairs fund, SmartDispense. These costs will be outlined prior to completing a business plan and finalised at Heads of Terms.
The calculation of the Estimated Minimum Ingoing Costs assumes a minimum deposit of 1 month's rent and that fixtures and fittings (F&F) are rented. The subsequent deposit build up and F&F rental costs should be included in your financial assumptions in your business plan. Note that on FRI and Investment Tenancy Agreements deposits will always be 3 month's rent in advance and fixtures and fittings (F&F) must always be purchased. A deposit of 6 month's rent will be required for operators trading under a Limited Company with no Guarantors. In order to ensure a successful start-up, all applicants must have a minimum £10,000 un-borrowed funds.
Location:
32, High Street, Deal, CT14 6HE
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Somerhill Public House Tunbridge
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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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