Cross Keys Canterbury
24 Oaten Hill, Canterbury, CT1 3HZAgreement Type: Investment Tenancy
View details for Cross Keys Canterbury
Prince Albert Whitstable
Sea Street, Whitstable, CT5 1AN
Pub Code: 2302492101
Key Features
- Established Town Centre pub
- Great location just a Stone’s throw from the beach
- Regular live entertainment
- Opportunity to maximise the food offer
- Small courtyard for outside trading
- Private accommodation
Est Min Ingoing Costs: £10,609
Annual Rent: £37,311
More Information
Exciting opportunity for a great town centre pub
What would you do with this pub to make it even more of a success?
The area
The Prince Albert is a premium local pub in the heart of Whitstable, just a stone’s throw away from the beach front and the vibrant harbour area.
It offers a relaxed comfortable environment to enjoy a fantastic range of drinks with friends, family or as a couple. There is also a food menu available offering some classic pub dishes along with some smaller plate options as well as offering regular live music and entertainment events.
The offer
Available on our foundation tenancy agreement. Click here for more information on this agreement. The potential of this pub lies in developing a well thought through food & drinks offer. What food & drinks would you look to implement in the pub?
The site currently has the ability to drive trade via live music and entertainment events. It offers a selection of popular beers, ciders, wines and spirits.
We’re always open to new ideas, what would you do to drive trade?
Attitude is more valuable than experience. If you’ve got the following, we’d love to hear from you.
- Understanding of the local community
- You know what it takes to build a successful business
- You love hospitality and are great with 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
- Zoned dining space
- 35 internal covers
- Catering kitchen
- Smart Dispense
- Small courtyard with high level stools
Private Accommodation
Private accommodation consists of 2 bedrooms, a living room, new domestic kitchen to be installed, bathroom and office.
| Annual Rent | £ 37,311 |
| Estimated Annual Turnover | £ 419,315 |
| Deposit | £ 9,328 |
| Estimated Fixtures & Fittings Value | £ 9,982 |
| Estimated Stock Valuation | £ 4,000 |
| Estimated Working Capital | £ 3,500 |
| Estimated Total Ingoing Costs | £ 26,810 |
| Estimated Minimum Ingoing Costs | £ 10,609 |
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:
Sea Street, Whitstable, CT5 1AN
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Wheatsheaf Bexhill
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View details for Wheatsheaf BexhillTo apply for this pub or for additional information, please contact us directly
Freephone:
08085 94 95 96
Email us at
enquiries@starpubs.co.uk
Or visit
www.starpubs.co.uk
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