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White Horse, Maldon

26 High Street, Maldon, Essex, CM9 5PJ

Boasting an attractive blend of rustic charm and modern style, the White Horse is a high-street pub that provides a great place to dine, drink and stay in Maldon, Essex.

 

Key features

  • Fully refurbished in 2016
  • Great high streey location 
  • Five ensuite letting bedrooms 
  • Open plan restaurant & dining area for approx. 40 covers 
  • Small yard area to the site of the property 
  • Fully refurbished tenant accommodation

Floorplan

WHITE HORSE 

Boasting an attractive blend of rustic charm and modern style, the White Horse is a high-street pub that provides a great place to dine, drink and stay in Maldon, Essex.

Maldon is a thriving and expanding town that is currently experiencing significant growth to housing developments locally. Particularly popular in the summer months, the town itself enjoys a lovely location close to the Blackwater Estuary where the open water, mudflats and saltmarsh  provide a superb landscape for walking, boating and fishing.

Following a complete refurbishment scheme in 2016, you will find the White Horse perfectly equipped for purpose and in great order throughout. Internally one long open plan trade area is broken up into defined drinking and dining spaces for approx. 40 covers and the dining area doubles up as a breakfast room for the overnight guests. Outdoors, to the side of the building a yard style area with seating has been created to use during the warmer months.

A further selling point at the White Horse in Maldon is its five refurbished letting bedrooms, some of the best standard accommodation in the area. The rooms include one twin room, one standard double, a family room and two luxury double bedrooms. All rooms are en-suite with flat screen TV’s, tea and coffee making facilities and hairdryers.

Moving forward, the White Horse presents incoming tenants an excellent opportunity to build on the existing trade and further enhance the food, drink and accommodation revenue streams. This site certainly requires practiced operators with proven catering skills and previous accommodation experience would be advantageous. 

For a formal viewing please contact the Trade Recruitment co-ordinator now on 01795 542132.

BAR, RESTAURANT & KITCHEN       

Long open plan trade area with defined seating and dining areas for approx. 40 covers and a feature bar servery. Good sized and well equipped trade kitchen

OUTDOOR & PARKING

Court yard area to the side of the building with seating

LETTING BEDROOMS

Five high end ensuite letting bedrooms to include one twin, one standard double, a family room and two luxury  double bedrooms. All rooms include flatscreen TV’s, tea and coffee making facilities, hairdryers

PRIVATE ACCOMMODATION

The Private accommodation was recently refurbished as part of the development scheme. It includes large lounge area, double bedroom, office, bathroom. Private court yard area and one car parking space

Capital Requirements

Estimated capital requirements

Trading deposit£5000
Contract deposit
refundable on day of charge
£500
Repair scheme
+ monthly payments £50
£1000
Inventory£20000
Stock, glassware, cutlery, crockery, etc
Estimated subject to independent valuation by trade broker and stock taker
£5000
Working capital£1000
Training deposit
£750 refundable on completion of training
£3000
Total estimated ingoings£35500

Minimal capital considered

Minimum capital considered
Based on: Trading deposit + stock, glassware, cutlery,
crockery, etc, working capital + training deposits + misc
£15000
Please note: Where only minimal capital is available inventory will be rentalised.

Rent and charges

Rent

Year 1Year 2Year 3
Per anum£36400£37284£38220
Per week£700£717£735

Council tax

Band A

Non Domestic Business Rates

RATEABLE VALUE - £15,500

MULTIPLIER 2018/2019 - 0.480

ESTIMATED RATES PAYABLE - £7,619

  • 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
44 77 70
Wine
Gallons
106 292 218
PPS
Gallons

Premium packaged spirits (eg WKD)
8 10 13
Traditional Spirits
Gallons
15 32 30
Minerals
Ready to drink litres
1104 2419 2035

Estimated food turnover

£1,200 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.

Monday - Friday - 10.00 - 23.30
Saturday - Sunday - 10.00 - 23.30

Open to the public

Monday - Friday - 07.00 - 00.00
Saturday - Sunday - 08.00 - 00.00

Live music

Friday - Saturday - 10.00 - 23.00
Sunday - 10.00 - 18.00

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