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Smugglers Inn, Pevensey

High Street, Pevensey, East Sussex, BN24 5LF

The Smugglers Inn is a large, family friendly pub & restaurant located in the historic cinque port of Pevensey, East Sussex.

 

Key features

  • Large family friendly pub & restaurant 
  • Great location close to Pevensey Castle, the local church and holiday and camp parks
  • Large gardens with childrens adventure playground and separate beer garden
  • Private customer car park
  • Public bar for approx. 50 covers
  • Restaurant dining room / private event room for 55 covers 
  • Potential to create B&B facilities on site

Floorplan

BAR & RESTAURANT              

Feature bar servery with public lounge area and seating for approx. 50 covers. Private restaurant dining room for approx. 55 covers.

KITCHEN 

Trade kitchen with a utility area.

OUTDOOR & PARKING

Large garden with a children's adventure playground at the back of the property and a separate beer garden. Outdoor stage area. Refurbished customer car park for 25 cars.

Capital Requirements

Estimated capital requirements

Trading deposit£5000
Contract deposit
refundable on day of charge
£500
Repair scheme
+ monthly payments £50
£1000
Inventory£18000
Stock, glassware, cutlery, crockery, etc
Estimated subject to independent valuation by trade broker and stock taker
£3500
Working capital£6000
Training deposit
£750 refundable on completion of training
£1000
Total estimated ingoings£35000

Minimal capital considered

Minimum capital considered
Based on: Trading deposit + stock, glassware, cutlery,
crockery, etc, working capital + training deposits + misc
£17000
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 B

Non Domestic Business Rates

RATEABLE VALUE - £TBA

MULTIPLIER - 0.499

ESTIMATED RATES PAYABLE 2021/2022 (Until 31/03/2022) - £TBA

ESTIMATED RATES PAYABLE 2022/2023 - (From 01/04/22) - £TBA

NOTE: 

  • Retail relief for the hospitality industry is 75% rate relief for the remainder of the rating year until 31st March 2022
  • 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

2017 2018 2019 2020
All beer and cider
Barrels
96 77 68 58
Wine
Gallons
477 390 292 222
PPS
Gallons

Premium packaged spirits (eg WKD)
7 4 1 0
Traditional Spirits
Gallons
24 23 17 11
Minerals
Ready to drink litres
4898 3568 2206 1878

Estimated food turnover

£2,000 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 - 01:30

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