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Royal Hotel, Sheerness

Broadway, Sheerness, Kent, ME12 1AB

Located on the Isle of Sheppey in Kent, the Royal Hotel in Sheerness is a large multifaceted business with 12 ensuite letting bedrooms, a large open plan bar area and a private restaurant dining room.

Key features

  • Located in Sheerness, just outside of the high street
  • Large open plan bar area 
  • Private restaurant dining room for approx. 40 covers 
  • 12 Ensuite letting bedrooms 
  • Breakfast room for approx. 24 covers 
  • Guest reception area
  • Large private accommodation

Floorplan

THE ROYAL HOTEL

Dating back to the 19th Century, the Royal Hotel in Sheerness is perfectly located to explore the sea-side town of the Isle of Sheppey in Kent.

This large, multifaceted business is well situated on the edge of Sheerness town within easy reach of the shops, train and of course the beach front.

The trade area is extensive at the Royal Hotel to include a large open plan bar area, a restaurant dining room/function room with bar for approx.40 covers and a breakfast room/carvery dining room for approx. 24 covers, all of which have been redecorated in the last few years. There is a good sized trade kitchen on site with a walk in fridge and separate wash up area.

To the side of the hotel you will find a second entrance with a small guests reception area and the Royal Hotel boasts 12 ensuite letting bedrooms made up of 4 twin rooms, 6 double rooms and 2 family rooms.

The Royal Hotel is currently well known in the  local area for its live music and discos in the bar at weekends and traditional, homemade pub food is served in the bar & restaurant daily with a popular carvery on Sundays.

With the potential for this site to be available quickly, the Royal Hotel is looking for experienced operators with the skills required to further enhance the existing trade and maximising all revenue streams moving forward.

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

BAR, RESTAURANT & KITCHEN

Large open plan bar area, private restaurant dining room/function room with bar for approx.40 sit down covers. Breakfast/carvery dining room for approx.24 sit down covers, hotel reception area. Fully equipped trade kitchen with separate wash up area and walk in fridge

LETTING ACCOMMODATION

12 ensuite letting bedrooms are set out over two floors, to include 4 twin rooms, 6 double rooms and 2 family rooms

OUTDOOR & PARKING

Small outdoor seating area to the front of the property. Recently introduced roof terrace to the front of the property

PRIVATE ACCOMMODATION

Private accommodation includes 1 large double room with bathroom, 1 triple room with bathroom and a further large double and a single bedroom with a shared bathroom. Private kitchen will need to be reinstated

Capital Requirements

Estimated capital requirements

Trading deposit£5000
Contract deposit
refundable on day of charge
£500
Repair scheme
+ monthly payments £50
£1000
Inventory£
Stock, glassware, cutlery, crockery, etc
Estimated subject to independent valuation by trade broker and stock taker
£6000
Working capital£3500
Training deposit
£750 refundable on completion of training
£1000
Total estimated ingoings£17000

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£31200£32136£33124
Per week£600£618£637

Council tax

Band

Non Domestic Business Rates

RATEABLE VALUE - £28,500

MULTIPLIER 2019/2020 - 0.491

ESTIMATED RATES PAYABLE - £9,329

  • 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
  • Retail relief has been applied to all pubs with a rateable value of £51,000 or less. This entitles the occupier to a third reduction in rates payable after all other reliefs and will run for the 2019/20 and 2020/21 rating years. This is an assumption that should be confirmed with the local authority
  • 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

2019 (Jun-Jan) 2018 2017 2016
All beer and cider
Barrels
59 131 96 82
Wine
Gallons
107 118 104
PPS
Gallons

Premium packaged spirits (eg WKD)
12 12 17 26
Traditional Spirits
Gallons
12
Minerals
Ready to drink litres

Estimated food turnover

£1,400 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.

Estimated awp profit (Amusement with prizes)

£2,000 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 - 00.00
Friday - Saturday - 10.00 - 01.00

Open to the public

Sunday - Thursday - 07.00 - 00.30
Friday - Saturday - 10.00 - 01.30

Live music

Sunday - Thursday - 10.00 - 00.00
Friday - Saturday - 10.00 - 01.00

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