- Recruiter
- Star Pubs & Bars Leased & Tenancy
- Location
- 143, Brook Street, Erith, DA8 1JD
- Salary
- To be discussed
- Ref
- 425696135
- Starts
- Closes
Pub Overview
The area
The Duchess of Kent is located in a residential area, near the popular town of Bexleyheath in East London. The pub is not far from Dartford Crossing.
Demographics
The pub benefits from being one of 4 pubs found in an area of around 6,951 adults. The affluent customer base is made up of families and elderly couples.
The offer
Available on our foundation tenancy agreement. Click here for more information on this agreement . The potential of this pub lies in potentially developing a home cooked food offer (subject to kitchen compliance, details can be discussed at a later stage), creating a calendar of exciting events, utilising the outdoor space, and marketing your offer.
The site currently has the ability to drive trade by hosting regular entertainment like pub quizzes, and theme nights as well as pub games, mainly pool & darts. It also benefits from the attractive beer garden, and live sports.
We're always open to new ideas, what would you do to drive trade?
If you've benefited from running or owning a pub business, we'd love to hear what experience you can bring.
The right operator for the pub will ideally have experience in a similar hospitality business. They will have a clear vision for the pub, and the ability to create a memorable experience for their 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…
Features
Trading Area & Facilities
Private Accommodation
Private accommodation consists of 2 bedrooms, office, lounge, and bathroom.
Pub Financials
Annual Rent £
26,500
Estimated Annual Turnover £
305,944
Deposit £
6,625
Estimated Fixtures & Fittings Value £
7,500
Estimated Stock Valuation £
5,000
Estimated Working Capital £
3,500
Estimated Total Ingoing Costs £
22,625
Estimated Minimum Ingoing Costs £
10,708
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.
The area
The Duchess of Kent is located in a residential area, near the popular town of Bexleyheath in East London. The pub is not far from Dartford Crossing.
Demographics
The pub benefits from being one of 4 pubs found in an area of around 6,951 adults. The affluent customer base is made up of families and elderly couples.
The offer
Available on our foundation tenancy agreement. Click here for more information on this agreement . The potential of this pub lies in potentially developing a home cooked food offer (subject to kitchen compliance, details can be discussed at a later stage), creating a calendar of exciting events, utilising the outdoor space, and marketing your offer.
The site currently has the ability to drive trade by hosting regular entertainment like pub quizzes, and theme nights as well as pub games, mainly pool & darts. It also benefits from the attractive beer garden, and live sports.
We're always open to new ideas, what would you do to drive trade?
If you've benefited from running or owning a pub business, we'd love to hear what experience you can bring.
The right operator for the pub will ideally have experience in a similar hospitality business. They will have a clear vision for the pub, and the ability to create a memorable experience for their 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…
Features
- Catering Kitchen
- Foundation Tenancy
- Function Room
- Live Sports
- Pub Games
- Outdoor Trade
- Private Accommodation
Trading Area & Facilities
- Main trading area with bar
- 50+ internal covers
- 50+ external covers
- Catering kitchen (subject to compliance)
- First Floor function space
- SmartDispense
- Beer garden
- No car park but on street parking is available
Private Accommodation
Private accommodation consists of 2 bedrooms, office, lounge, and bathroom.
Pub Financials
Annual Rent £
26,500
Estimated Annual Turnover £
305,944
Deposit £
6,625
Estimated Fixtures & Fittings Value £
7,500
Estimated Stock Valuation £
5,000
Estimated Working Capital £
3,500
Estimated Total Ingoing Costs £
22,625
Estimated Minimum Ingoing Costs £
10,708
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.
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