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Rose in June

49 Trinity Square, Margate, Kent, CT9 1HT

The Rose in June is a community pub located just a few minutes’ walk from the beach front and Winter Gardens in the seaside town of Margate, Kent.

 

Key features

  • Traditional community style pub 
  • Just a few minutes from the beach front & Margate old town
  • Two bar areas, one with partial sea-views
  • Existing pool & darts teams play weekly 
  • Large tenant accommodation with six bedrooms
  • Potential for future investment by Shepherd Neame

Floorplan

THE ROSE IN JUNE

The Rose in June is located just a few minutes’ walk from the beach front and  Winter Gardens in the seaside town of Margate, Kent.

A traditional community style pub, the Rose in June is set in a residential area just off of Fort Hill, leading you from Margate seafront in to Cliftonville.

Internally you will find two feature bar areas, one of which has partial sea views. Although there is no current food offer, there is a small trade kitchen on site.

Pub sports are popular at the Rose in June, it is home to several pool teams that play every Thursday and Sunday evening and darts teams play on a Tuesday. Karaoke is also a hit with the locals and it is hosted at the pub every Saturday night.

The Rose in June benefits from large tenant accommodation which is laid out over two floors. It houses a kitchen, lounge, two bathrooms, six double bedrooms and there is a small private yard to the back of the site.

Moving forward, with new tenants in situ that have a suitable vision and supporting business plan for the Rose in June, there may be the potential for financial investment from Shepherd Neame in to this site.

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

BAR & RESTAURANT   

Two bar areas, one with pool table and darts board

KITCHEN

Small trade kitchen

OUTDOOR & PARKING

Two car parking spaces and on street parking available at the front of the pub

PRIVATE ACCOMMODATION

Large private accommodation set out over two floors

1st floor: kitchen, lounge bathroom, single toilet and 4 double bedrooms. 2nd floor: 2 x double bedrooms, bathroom. Small private courtyard to the back of the pub

Capital Requirements

Estimated capital requirements

Trading deposit£5000
Contract deposit
refundable on day of charge
£500
Repair scheme
+ monthly payments £50
£1000
Inventory£7500
Stock, glassware, cutlery, crockery, etc
Estimated subject to independent valuation by trade broker and stock taker
£2000
Working capital£2500
Training deposit
£750 refundable on completion of training
£1000
Total estimated ingoings£19500

Minimal capital considered

Minimum capital considered
Based on: Trading deposit + stock, glassware, cutlery,
crockery, etc, working capital + training deposits + misc
£12000
Please note: Where only minimal capital is available inventory will be rentalised.

Rent and charges

Rent

Year 1Year 2Year 3
Per anum£12480£13000£13780
Per week£240£250£265

Council tax

Band A

Non Domestic Business Rates

RATEABLE VALUE - £4,250

MULTIPLIER 2018/2019 - 0.480

ESTIMATED RATES PAYABLE - £0

  • 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

2016 2017 2018
All beer and cider
Barrels
53 100 99
Wine
Gallons
28 21 24
PPS
Gallons

Premium packaged spirits (eg WKD)
6 19 13
Traditional Spirits
Gallons
21 49 40
Minerals
Ready to drink litres
644 1164 1179

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.

Monday - Sunday - 10.00 - 00.00

Open to the public

Monday - Sunday - 10.00 - 00.30

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 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