Railway Tavern Longfield

2 Station Road, Longfield DA3 7QD

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Railway Tavern Longfield

Transformational Refurbishment Planned!

An extensive refurbishment will transform the Railway Tavern into an attractive and cosy pub for everyone to enjoy. There are over 5000 adults within one mile of the pub and over 60% of the population are of a higher than average income. The local population is also older than average, with people having more time on their hands to enjoy the great food and drinks offering.

Located in the heart of Longfield, an affluent village near Kent. With no other pubs within a one mile radius, this is the perfect location for an attractive pub with a stand-out offer. The Railway Tavern is a pub with incredible potential, all we're missing is the right person to run it. So, could that be you?

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
Car Parking
Refurbishment Planned
Catering Kitchen
Outdoor Trade
Private Accommodation
Cask Ale
Weekly Billing

Trading Area & Facilities

The bar and restaurant area will be completely refurbished and redecorated in a neutral colour palette to create an attractive and welcoming environment. It will be transformed into a relaxing space where customers can socialise and enjoy the great range of quality food and drinks on offer. A brand-new kitchen will be installed to provide the fantastic new food offer, with the ability to cater for 80 covers.

A beer garden will be refurbished to provide a fantastic outdoor space for customers to enjoy the warmer months. The pub exterior and signage will be transformed and improved to increase site visibility, communicate the pub's offering and improve the pub's kerb appeal.

Private Accommodation

The private accommodation at The Railway Tavern consists of three bedrooms, a kitchen and living room area, an office, a utility room 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
10:00 - 23:00	10:00 - 23:00	10:00 - 23:00	10:00 - 23:00	10:00 - 00:00	10:00 - 00:00	12:00 - 22:30

Financials

Annual Rent	£ 49,500
Estimated Annual FMOP (Licensee Profit)	£ 53,345
Representative HEINEKEN UK Brand Discount Per Barrel	£ 100
Estimated Annual Turnover	£ 556,755
Estimated Annual Barrelage	285
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	£ 41,200
Estimated Fixtures & Fittings Valuation Fee	£ 41,200
Estimated Stock Valuation	£ 12,000
Deposit Amount	£ 12,375
Rent In Advance	£ 952
Training Fee	£ 1,000
Estimated Designated Premises Supervisor / Manager Fee	£ 60
Premises Licence Fee	£ 350
Rates Assessment Fee	£ 55
Estimated Legal Fees	£ 650
Estimated Total Ingoing Costs	£ 68,892

Estimated Minimum Ingoing Costs	£ 40,000
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	£ 1,223
Estimated Annual Maintenance Compliance Charge	£ 1,089
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

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Key Features

Extensive Refurbishment Planned
Great Location
New Kitchen
Improvements to the Garden
Hub for the Community

Est Min Ingoing Costs

£40,000

Annual Rent

£49,500

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Want to know more?

To download our no nonsense guide to running your own pub click below. Alternatively, if you would like a printed copy, email us your postal address and we will post a copy out to you.

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