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Fountain

93 Queens Road, Hastings, East Sussex, TN34 1RL

Having been sat at the heart of its coastal community for over 150 years, the Fountain is a wet only and traditional, Victorian style pub located in Hastings, East Sussex

 

Key features

  • Located in a residential part of Hastings, East Sussex
  • Wet only community pub 
  • Popular for pub sports, pool and darts 
  • Open plan trade area with 2 bar serveries 
  • Large tenant accomodation with 3 bedrooms 
  • Available early 2019

Floorplan

Having been sat at the heart of its coastal community for over 150 years, the Fountain is a traditional, Victorian style pub located in Hastings, East Sussex.

Continuing to hit the right note with its locals today, the Fountain is a wet only business with a great reputation for fine ales, friendly service and a fantastic line-up of live music. Darts, pool, shove ha'penny and crib also lend a little friendly competition to                  proceedings, together with regular pub    quizzes and pool tournaments.

Internally, the Fountain houses an open plan trade area with a central bar servery which is accessible from both sides of the pub. The tenants accommodation is quite sizeable with 3 bedrooms, a lounge, kitchen, dining room, an office and bathroom. Outside, you will find a small private yard to the back of the property with storage facilities.

Available early 2019, the Fountain would suit operators that enjoy being at the heart of a residential community in a wet only pub with plenty of pub sports on offers.

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

BAR & RESTAURANT   

Open plan trade area with two bar serveries and pool room area  

KITCHEN

N/a

OUTDOOR & PARKING

Small private yard to the rear of the building with a storeroom

PRIVATE ACCOMMODATION

Three bedrooms, lounge, kitchen, dining room, bathroom and office

Capital Requirements

Estimated capital requirements

Trading deposit£5000
Contract deposit
refundable on day of charge
£500
Repair scheme
+ monthly payments £50
£1000
Inventory£8000
Stock, glassware, cutlery, crockery, etc
Estimated subject to independent valuation by trade broker and stock taker
£2000
Working capital£3000
Training deposit
£750 refundable on completion of training
£1000
Total estimated ingoings£20500

Minimal capital considered

Minimum capital considered
Based on: Trading deposit + stock, glassware, cutlery,
crockery, etc, working capital + training deposits + misc
£9500
Please note: Where only minimal capital is available inventory will be rentalised.

Rent and charges

Rent

Year 1Year 2Year 3
Per anum£26000£26624£27300
Per week£500£512£525

Council tax

Band A

Non Domestic Business Rates

NON DOMESTIC BUSINESS RATES 2018/2019

RATEABLE VALUE - £12,750

MULTIPLIER 2018/2019 - 0.480

ESTIMATED RATES PAYABLE - £1,530

  • 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
All beer and cider
Barrels
149 193 164 156
Wine
Gallons
PPS
Gallons

Premium packaged spirits (eg WKD)
Traditional Spirits
Gallons
1.4
Minerals
Ready to drink litres
1872 1057 1063 355

Estimated awp profit (Amusement with prizes)

£3,000 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 - 01.00
Friday - Saturday - 10.00 - 02.00

Open to the public

Sunday - Thursday - 10.00 - 01.30
Friday - Saturday - 10.00 - 02.30

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