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Kings Head, Hythe

117 High Street, Hythe, Kent, CT21 5JJ

Located on the Kent Coast edge of Romney Marsh, Kent, the Kings Head is a traditional style pub & restaurant that has stood proudly in Hythe high street since 1583.

 

Key features

  • Oldest pub in the market town of Hythe 
  • Feature bar with relaxed drinking space 
  • Restaurant for approx. 50 covers, doubles up as function space
  • Good sized trade kitchen
  • Pretty court yard garden with heated and covered decking area 
  • Large 4 bed private tenant accommodation

Floorplan

THE KINGS HEAD

The Kings Head is a traditional style pub & restaurant that has stood proudly in Hythe high street since 1583.

 Located on the Kent coast, on the edge of Romney Marsh, Hythe is a market town full of history and quaint independent shops. The town boasts a beautiful long beach front and lots of pretty park areas and greenery leading to the Napoleonic-era Royal Military Canal.

 The oldest pub in the town, the Kings Head wears its 400 years of history with pride and with its old inglenook fireplace and glowing wood-burning stove, it has everything that you would expect from an old traditional pub.

 Internally at the Kings Heads you will find a large open plan relaxed bar area with a feature bar servery together with restaurant dining space for approx. 50 covers, which can also doubles up as function room space. The trade kitchen is of a good size and is well equipped.

 Outside, you will find a pretty courtyard patio garden with a sheltered and heated decking area which proves a hit with the customers all year round.

 Shepherd Neame is now looking for new tenants to take over the running of the Kings Head, so for more information or to arrange a formal viewing of this site, please contact the Pub Business Recruitment Manager on 01795 542132.

BAR & RESTAURANT

Feature bar servery with an open plan trade area to include a bar / drinking area and restaurant dining space for approx. 50 covers

KITCHEN

Good sized and well equipped trade kitchen.

OUTDOOR & PARKING

Pretty courtyard garden at the back of the property with a heated sheltered decking area.

PRIVATE ACCOMMODATION

2 double and 2 single bedrooms, bathroom, open plan lounge/kitchenette.

Capital Requirements

Estimated capital requirements

Trading deposit£5000
Contract deposit
refundable on day of charge
£500
Repair scheme
+ monthly payments £50
£1000
Inventory£12000
Stock, glassware, cutlery, crockery, etc
Estimated subject to independent valuation by trade broker and stock taker
£2500
Working capital£3500
Training deposit
£750 refundable on completion of training
£1000
Total estimated ingoings£24500

Minimal capital considered

Minimum capital considered
Based on: Trading deposit + stock, glassware, cutlery,
crockery, etc, working capital + training deposits + misc
£12500
Please note: Where only minimal capital is available inventory will be rentalised.

Rent and charges

Rent

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

Council tax

Band A

Non Domestic Business Rates

RATEABLE VALUE - £14,500

MULTIPLIER - 0.499

ESTIMATED RATES PAYABLE 2022/2023 - (From 01/04/22) £3,015

NOTE: 

  • Retail relief for the hospitality industry is 50% rate relief from the 1st April 2022 until 31st March 2023
  • The above calculations are estimations only and as rateable values are  subject to change, we would request that the prospective new tenant checks the rates payable, eligibility criteria and any other relief with the local authorities prior to completing a financial plan

Trading information

Trade

Year ending 30 June

2018 2019 2020 2021 YTD
All beer and cider
Barrels
88 47 37 43
Wine
Gallons
344 169 137 118
PPS
Gallons

Premium packaged spirits (eg WKD)
0 0 25 3
Traditional Spirits
Gallons
2214 10 33 17
Minerals
Ready to drink litres
2963 1420 2501 1850

Estimated awp profit (Amusement with prizes)

£1,000 per annum approximately 

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 - 01.30

Live music

Monday - Sunday - 10.00 - 23.00

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