Kings Head, Hythe | Shepherd Neame

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 Pub & Restaurant that has stood proudly in Hythe high street since 1583.

Set on the Kent coast on the edge of Romney Marsh, Hythe is a busy 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 lead 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. Sunday’s see live music in the afternoon together with a great traditional and home cooked Sunday lunch and the pub offers a popular quiz night every 2nd week.

Internally at the Kings Heads you will find a large open plan trade area with a feature bar servery and drinking area, together with restaurant dining space for approx. 50 covers which 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.

Due to a quick turn around the Kings Head is now available on a 1 year or a full 5 year agreement.

For more information about our flexible agreements please contact the Trade Recruitment Co-ordinator 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	£15000
Stock, glassware, cutlery, crockery, etc Estimated subject to independent valuation by trade broker and stock taker	£4000
Working capital	£5000
Training deposit £750 refundable on completion of training	£1000
Total estimated ingoings	£31500

Minimal capital considered

Minimum capital considered Based on: Trading deposit + stock, glassware, cutlery, crockery, etc, working capital + training deposits + misc	£16500
Please note: Where only minimal capital is available inventory will be rentalised.

Rent and charges

Rent

	Year 1	Year 2	Year 3
Per anum	£27560	£28236	£28964
Per week	£530	£543	£557

Council tax

Band A

Non Domestic Business Rates

RATEABLE VALUE - £14,500

MULTIPLIER 2019/2020 - 0.499

ESTIMATED RATES PAYABLE - £2,015

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
Retail relief has been applied to all pubs with a rateable value of £51,000 or less. This entitles the occupier to a third reduction in rates payable after all other reliefs and will run for the 2019/20 and 2020/21 rating years. This is an assumption that should be confirmed with the local authority
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 and any other relief with the local authorities prior to completing a financial plan

Trading information

Trade

Year ending 30 June

	2016	2017	2018	2019
All beer and cider Barrels	105	101	88	88
Wine Gallons	582	500	369	344
PPS Gallons Premium packaged spirits (eg WKD)	13	5	4
Traditional Spirits Gallons	15	14.5	14	18
Minerals Ready to drink litres	3779	3862	2963	2214

Estimated food turnover

£2,700 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.

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