Prince Albert Whitstable

Sea Street, Whitstable CT5 1AN

  • Prince Albert Whitstable
  • Prince Albert Whitstable
  • Prince Albert Whitstable
  • Prince Albert Whitstable
  • Prince Albert Whitstable
  • Prince Albert Whitstable
  • Prince Albert Whitstable
  • Prince Albert Whitstable

Prince Albert Whitstable

Refurbishment planned! Details coming soon.

The Prince Albert sits within a seaside town on the north coast of Kent. Set within an awe inspiring location, the Prince Albert pub offers a great chance to be part of the friendly community that is Whistable. The pub is located a mere 50 yards from the seafront. The local demographics feature a high mix of families with steady incomes and couples who represent a very attractive customer base, there is ample opportunity to capture various levels of trade from the local community and tourists.

Experienced Innovative Operator Wanted

We are ideally looking for an operator who can share our vision to transform this pub whilst bringing their own flair and ideas to make the most of this opportunity. We would therefore be looking for someone with experience within the trade.

Pub Features

  • Rolling Tenancy
  • Refurbishment Planned
  • Catering Kitchen
  • Outdoor Trade
  • Private Accommodation
  • Cask Ale
  • Weekly Billing

Trading Area & Facilities

Internally, the Prince Albert has one trading area with a central bar and a commercial kitchen. Full refurbishment details are coming soon, including the full internal and external decoration planned.

Externally there is a outside trading area with tables and a snug area.

Private Accommodation

The private accommodation at The Prince Albert consists of two bedrooms, a kitchen and living room area and a bathroom. In line with our 'Ready To Trade Promise', should any works be required, we will ensure your private accommodation is in good order so that you can focus your energy on getting the business right.

Premises Licence Details

See premise license for full details.

Premises Licence Opening Hours

Mon Tue Wed Thu Fri Sat Sun
11:00 - 23:30 11:00 - 23:30 11:00 - 23:30 11:00 - 00:30 11:00 - 00:30 11:00 - 00:30 11:00 - 23:00

Financials

Annual Rent £
44,000
Estimated Annual FMOP (Licensee Profit) £
44,689
Representative HEINEKEN UK Brand Discount Per Barrel £
100
Estimated Annual Turnover £
382,900
Estimated Annual Barrelage
200

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 £
40,000
Estimated Fixtures & Fittings Valuation Fee £
250
Estimated Stock Valuation £
5,000
Deposit Amount £
11,000
Rent In Advance £
846
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 £
59,041
Estimated Minimum Ingoing Costs £
59,041

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 £
1,239
Estimated Annual Maintenance Compliance Charge £
TBC
Estimated Annual Accountancy & Stocktaking Charge (including tills) £
5,950

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