Prince Albert Whitstable

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Pub Overview

Exciting opportunity for a great town centre pub

What would you do with this pub to make it even more of a success?

The area

The Prince Albert is a premium local pub in the heart of Whitstable, just a stone's throw away from the beach front and the vibrant harbour area.

It offers a relaxed comfortable environment to enjoy a fantastic range of drinks with friends, family or as a couple. There is also a food menu available offering some classic pub dishes along with some smaller plate options as well as offering regular live music and entertainment events.

The offer

Available on our foundation tenancy agreement. Click here for more information on this agreement . The potential of this pub lies in developing a well thought through food & drinksoffer. What food & drinks would you look to implement in the pub?

The site currently has the ability to drive trade via live music and entertainment events. It offers a selection of popular beers, ciders, wines and spirits.

We're always open to new ideas, what would you do to drive trade?

Attitude is more valuable than experience. If you've got the following, we'd love to hear from you.
  • Understanding of the local community
  • You know what it takes to build a successful business
  • You love hospitality and are great with 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

  • Foundation Tenancy
  • Catering Kitchen
  • Outdoor Trade
  • Private Accommodation


Trading Area & Facilities

  • Main trading area with bar
  • Zoned dining space
  • 35 internal covers
  • Catering kitchen
  • Smart Dispense
  • Small courtyard with high level stools


Private Accommodation

Private accommodation consists of 2 bedrooms, a living room, new domestic kitchen to be installed, bathroom and office.

Pub Financials

Annual Rent £
37,311
Estimated Annual Turnover £
419,315
Deposit £
9,328
Estimated Fixtures & Fittings Value £
9,982
Estimated Stock Valuation £
4,000
Estimated Working Capital £
3,500
Estimated Total Ingoing Costs £
26,810
Estimated Minimum Ingoing Costs £
10,609

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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