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Royal Oak, Mersham

The Street, Mersham, Kent, TN25 6NA

Located in the South East of Ashford, the Royal Oak is a four hundred year old former gatekeeper’s lodge which sits at the heart of Mersham village in Kent

Key features

  • Available October 2020
  • Wet  led community village Pub & Restaurant 
  • Popular sports following and shows SKY sports 
  • Large multiple trade areas with a snug 
  • Good sized trade kitchen with plenty of storage
  • Large trade garden to the back of the property
  • Private customer car parking 

Floorplan

THE ROYAL OAK

Located on the south east of Ashford, the  Royal Oak is a four hundred year old gate keepers cottage which sits at the heart of  Mersham village in Kent.

 With flagstone floors, old oak beams and open fireplaces, this traditional English pub still retains many of its original features and some of its olde-worlde charm.

 Currently the Royal Oak trades as a wet led community pub with the Mersham village locals very much at the heart of the business. The pub has its own darts and pool teams that play in the local leagues and it has a great sports following due to the showing of SKY sports.  You will find a wide range of live music playing once a month and there is currently a limited food offer in place in the form of homemade  pizza.

 Internally the central feature bar servery accommodates multiple trade drinking and dining areas and there is also a cosy snug area available. There is a good sized trade kitchen with a pizza oven on site and there is also plenty of room for storage.

 Outside at the Royal Oak you will find a large grassed trade garden to the back of the property which is ideal of alfresco dining during the nice weather and there is also a private customer car park on site.

 For more information or to arrange a formal viewing of the Royal Oak please contact the Trade Recruitment Co-ordinator now on 01795 542132.

 

 

 

 

 

BAR & RESTAURANT   

Central feature bar servery, multiple trade drinking and dining areas and a snug

KITCHEN

Trade kitchen with pizza over and storage room

OUTDOOR & PARKING

Large trade garden to the rear of the property with a covered smoking solution. Private customer car park

PRIVATE ACCOMMODATION

Three bedrooms, lounge and bathroom

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£5000
Training deposit
£750 refundable on completion of training
£
Total estimated ingoings£26000

Minimal capital considered

Minimum capital considered
Based on: Trading deposit + stock, glassware, cutlery,
crockery, etc, working capital + training deposits + misc
£14000
Please note: Where only minimal capital is available inventory will be rentalised.

Rent and charges

Rent

Year 1Year 2Year 3
Per anum£20800£22048£23400
Per week£400£424£450

Council tax

Band A

Non Domestic Business Rates

RATEABLE VALUE - £11,000

MULTIPLIER - 0.499

ESTIMATED RATES PAYABLE - £0

NOTE: 

  • Retail relief has been increased to 100 % for the hospitality industry between 1st April 2020 to 31st March 2021
  • 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

2017 2018 2019 2020
All beer and cider
Barrels
65 86 100 55
Wine
Gallons
239 245 261 108
PPS
Gallons

Premium packaged spirits (eg WKD)
14 4 10 5
Traditional Spirits
Gallons
30 33 42 21
Minerals
Ready to drink litres
2516 1874 2837 1136

Estimated food turnover

£200 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 - 01.30

Open to the public

Sunday - Thursday - 10.00 - 00.30
Friday - Saturday - 10.00 - 02.00

Live music

Monday - Sunday - 10.00 - 00.00

Agreement Overview

  • This pub is being offered on a traditional rolling tenancy agreement that is subject to a three 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