tenancy
16 Swanscombe Street, Swanscombe DA10 0BG, UK
Approx. Total Ingoings
£13,600Annual Rent
£26,500The Sun offers an excellent opportunity for an experienced publican who is willing to transform a currently closed house into a community local for the village of Swanscombe in Kent. There is great scope here for a new publican to take on a pub where they have complete control over how the property operates, allowing them to put their own spin on the business in a way that reflects the local people and the assets the pub holds. Swanscombe is ready for a new retail offer to serve its local people in an area which does not have many other pubs. With a substantial trade kitchen, a great beer garden and spacious layout this pub will be a hub for the community and a great home and business for the right publican.
Private Accommodation: The accommodation is well presented and comprises of three bedrooms, an office and bathroom.
Indoor trading area
Internally the pub offers a single bar operation which serves each individual area of the pub. There is an opportunity here to re-establish the internal area by dividing the space into designated areas dependent on trade. There is space to host a dedicated sports area within the pub with TV screens, a pool table and a darts board. There is a seating area for dining which can accommodate up to 25 covers and there is opportunity to remove some of the fixed seating to create a new drinking area for guests. There is an exit at the rear of the pub which leads out the large beer garden along with a fully fitted trade kitchen given the new publican the potential to offer its guests traditional pub food.
Outdoor trading area
The pub houses a good-sized beer garden to the rear which with some work has the scope to be developed further to encourage extra revenue. The outdoor area should be established so that it can be utilised throughout the year including the autumn and winter months.
Regional Manager Comments
The Sun is a pub with heaps of potential which offers a gap in the market for a community pub in the area of Swanscombe. Although the pub has been closed for a period of time, this gives the new publican an opportunity to start fresh here and build an exciting business for those in the area, allowing the publican to become an integral part of the community.
Retail Partnership Tenancy
Live Music Beer Garden Private Accommodation Kitchen Cask Ale Live Sports
Approx. Total Ingoings
£13,600
Annual Rent
£26,500
Potential Turnover: £260,000 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.
Guide Rent: £26,500 per annum, payable weekly in advance.
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: £13,600 (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: £12,000 (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.
