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George Inn, Newnham

44 The Street, Newnham, Faversham, Kent, ME9 0LL

A traditional country style pub and restaurant, you will find the George Inn tucked neatly away in Newnham, on the outskirts of Faversham Kent.

 

Key features

  • Country pub & Restaurant in the village of Newnham
  • Open plan drinking and dining space for 80 covers
  • Large trade kitchen with wash up area, walk in fridge freezer and storage 
  • Beautiful gardens to the rear of the property 
  • Customer car parking 
  • Large tenant accommodation with 4 bedrooms and private car parking

Floorplan

THE GEORGE

A traditional country style pub and restaurant, you will find the George Inn tucked neatly away in Newnham, on the outskirts of Faversham Kent.

Dating back to 1540 the George is brimming with ‘Olde Worlde’ style charm and it still retains some of its original features to include three inglenook fireplaces and lovely oak beams.

Internally you will find a feature bar servery with open plan drinking and dining space for approximately eighty covers, and perfectly equipped for purpose, the pub boasts a good sized trade kitchen with walk-in fridge freezers, a wash up area and lots of onsite storage space.

The large grassed back garden is a real feature at the George Inn, it is a hit with the local community and it allows you to cater for additional alfresco dining covers during the summer months. There is also a small patio area with seating to the side of the building together with plenty of on site customer car parking.

Shepherd Neame are looking for food loving tenants that have catering experience for the George Inn. For more information or to arrange a formal viewing of this site, please contact the Trade Recruitment Co-ordinator on 01795 542132.

BAR & RESTAURANT

Feature bar servery with open plan bar & restaurant space for approximately 80 covers.

KITCHEN

Large well equipped trade kitchen with walk in fridge/freezer, wash up area and lots of  storage space. There is also a large cellar on site.

OUTDOOR & PARKING

Small patio area to the side of the property, large grassed trade garden to the rear. Customer car  parking.

PRIVATE ACCOMMODATION

4 bedrooms (3 doubles and 1 single), lounge, dining room, shower room, bathroom and laundry room. There is also private car parking for the tenant on site.

Capital Requirements

Estimated capital requirements

Trading deposit£5000
Contract deposit
refundable on day of charge
£500
Dilapidations
+ monthly payments £50
£1000
Inventory£30000
Stock, glassware, cutlery, crockery, etc
Estimated subject to independent valuation by trade broker and stock taker
£4000
Working capital£3000
Training deposit
£750 refundable on completion of training
£1000
Total estimated ingoings£44500

Minimal capital considered

Minimum capital considered
Based on: Trading deposit + stock, glassware, cutlery,
crockery, etc, working capital + training deposits + misc
£44500
Please note: Where only minimal capital is available inventory will be rentalised.

Rent and charges

Rent

Year 1Year 2Year 3
Per anum£TBC£TBC£TBC
Per week£TBC£TBC£TBC

Council tax

Band B

Non Domestic Business Rates

Rateable Value 2018 - £33,000

Multiplier – 0.466

Estimated Rates Payable 2018/19 - £15,611

  • As at the time of publishing, the estimated rates payable, are based upon the assumption that the tenant occupies the maximum of one pub and therefore qualifies for small business rates relief.
  • We have also applied the relevant multipliers and estimated transitional relief where applicable.
  • The above calculations are estimations only and as rateable values are subject to change, we would recommend that the prospective new tenant checks the rates payable and any other relief prior to completing a financial plan.
  • Please note that we have not yet applied the Governments Pub relief of £1,000 on rates payable as many councils have yet to confirm.

Trading information

Trade

Year ending 30 June

2015 2016 2017 2018 (July-Dec 2017)
All beer and cider
Barrels
60 71 78 34
Wine
Gallons
432 428 402 143
PPS
Gallons

Premium packaged spirits (eg WKD)
11 17 15 5
Traditional Spirits
Gallons
14 19 19 4
Minerals
Ready to drink litres
2203 3266 3674 1792

Estimated food turnover

£3,000 - £3,500 per week approximately

Shepherd Neame has no access to the tenant's food turnover figures. Please note this figure is estimated as accurately as possible at time of publishing.

Licence information

Hours authorised by the premises licence

Supply of alcohol, background music and provision of late night refreshment.

Sunday - Thursday - 10.00 - 00.00
Friday - Saturday - 10.00 - 01.00

Open to the public

Sunday - Thursday - 10.00 - 00.30
Friday - Saturday - 10.00 - 01.00

Live music

Sunday - Thursday - 10.00 - 23.00
Friday - Saturday - 10.00 - 00.00

Agreement Overview

  • This pub is being offered on a traditional rolling tenancy agreement that is subject to a five year rent review
  • This agreement is covered by the ‘Landlord & Tenant Act’
  • This is a fully tied agreement across all beer, cider, wine, PPS, spirits and minerals
  • Any deviation from the standard terms outlined above should be discussed at interview stage with your designated Business Development Manager
  • Please note that we require all licensees to pass the Pre-Entry Awareness Training Course (PEAT) a minimum of five days before you can attend a formal shortlist interview with us. Please ask us for more information about PEAT if required
  • You can see our code of practice at the top of this page