under offer
under offer
tenancy
99 Canterbury Street, Gillingham ME7 5XB, UK
Approx. Total Ingoings
£6,850Annual Rent
£12,000The Canterbury Arms is a classic local community pub and appeals to a wide-ranging community. Situated a short walk from Gillingham centre, the pub is a one bar servery internally, hosting a raised area for live music events. The pub also benefits from a large rear garden mainly of hard standing and decking. This is a wet lead operation and the Canterbury Tales has created a strong customer base within the local community offering a place to drink and socialise. This pub requires a publican whether experienced or new to the trade who can grow the opportunity and develop it within the community.
Private Accommodation: Private accommodation covers two upper floors and comprises four bedrooms, a bathroom, a kitchen, plus large lounge.
Indoor trading area
The Canterbury Tales is an intimate one bar servery with a small rear area where a pool table is sited. In addition, there is a raised section that currently hosts live music events at the weekend. The layout of the Canterbury Tales is known to be easy for both supervision and control.
Outdoor trading area
To the rear of the Canterbury Tales, the garden area is extensive and mainly hard standing and decking, which has recently been fully recovered to provide good external trading. In addition, a significant area remains unused but may provide further scope for development.
Regional Manager Comments
Canterbury Tales offers a great opportunity for a publican to build further on the huge progress made in recent times establishing the pub as the venue of choice for the local community, plus the wider and heavily supported bands that regularly play there. I am seeking a publican whether experienced or new to the trade who can grow the opportunity. I am here to help guide and advise you along your business venture.
Retail Partnership Tenancy
Beer Garden Private Accommodation Cask Ale
Approx. Total Ingoings
£6,850
Annual Rent
£12,000
Potential Turnover: £274,000 per annum
This is an estimate of the potential annual turnover of the pub business. It does not include the financial benefits of any living accommodation, which you will need to consider.
Introductory Rent: £12,000 per annum, payable weekly in advance.
This pub needs personal investment of time, effort and skills to realise its potential. Our vision for this pub is a business capable of sustaining a rent of £19,500 per annum.
The Proposed Agreement: Retail Partnership Tenancy
The Landlord is prepared to discuss other Partnership agreements.
They will also discuss your purchasing options (Wines, spirits, cask, minerals and flavoured alcoholic beverages) which you can choose all, a combination or none. Tie release fees will apply.
Estimated Capital Start-up: £6,850 (excl VAT)
Often referred to as ingoings. Includes stock & glassware at valuation, deposit, refundable at the end of your agreement dependent upon your account being in good order. Up to 2 weeks rent and other contractual charges will be payable in advance. Please note, the actual deposit payable will be 25% of the final agreed rent.
In addition you will need to provide funds for professional advice and a level of working capital - the amount will be dependent on your business plan.
Estimated Fixtures and Fittings Value: £5,000 (excl VAT)
To be discussed with the Regional Manager.
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Originally formed in 2010 with 333 pubs, Stonegate Group is now the largest pub company in the UK following 12 major acquisitions. Our vast portfolio is now home to over 4,500 sites which range from Leased & Tenanted to Managed. We strongly believe that the pub is at the heart of British culture and we strive to deliver a fantastic customer experience.
