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Globe, Hythe

High Street, Hythe, Kent, CT21 5AT

Sat on the South Kent coast, the Globe Inn is a great, traditional, community style pub located at the top end of Hythe’s historic high street.

 

Key features

  • Available July 2019
  • Traditional community style pub
  • Great location at the top end of Hythe's busy high street
  • Open plan trade drinking and dining area
  • Feature bar servery & open fire
  • Galley style trade kitchen with a wash up area
  • Secluded patio garden area with wooden smoking shelter
  • Well kept three bed private accommodation

Floorplan

THE GLOBE INN

The Globe Inn is a great, traditional, community style pub located at the top end of Hythe’s historic high street.

Sat on the edge of Folkestone, Hythe is a charming coastal market town on Kent’s South Coast and the Globe is said to be one of the oldest surviving   buildings in town, dating back as far as1600.

With the local community at the very heart of the business, the Globe currently offers excellent well-kept cask ales together with wholesome and traditional home-cooked food seven days a week using locally sourced ingredients. You can expect great hospitality and a warm welcome at the Globe and it offers live music every Saturday evening that caters for all tastes.

Internally you find an open plan trade drinking and dining area with a feature bar servery and an open fire for during the colder weather. Outside, to the back of the property there is a secluded paved patio garden area with seating and a covered, wooden smoking solution for the customers.

The private accommodation has been well looked after and includes 3 bedrooms, a lounge, kitchen and bathroom.

The Globe is now ideally looking for a hands on and customer facing couple or team that can maximise on the existing trade and further enhance both sides of the offer.

This site is available from 1st July 2019 with the option of a Tenancy at Will or 1 Year Agreement also available.

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

BAR & RESTAURANT   

Large open plan trade drinking and dining area with a feature bar servery

KITCHEN

Galley style trade kitchen

OUTDOOR & PARKING

Paved patio garden area to the back of the property with a wooden covered smoking shelter. A public pay and display car park is available opposite the pub

PRIVATE ACCOMMODATION

The large private accommodation is in good condition and includes 3 bedrooms, kitchen, lounge and a bathroom

Capital Requirements

Estimated capital requirements

Trading deposit£5000
Contract deposit
refundable on day of charge
£500
Repair scheme
+ monthly payments £50
£1000
Inventory£12000
Stock, glassware, cutlery, crockery, etc
Estimated subject to independent valuation by trade broker and stock taker
£3000
Working capital£3000
Training deposit
£750 refundable on completion of training
£1000
Total estimated ingoings£25500

Minimal capital considered

Minimum capital considered
Based on: Trading deposit + stock, glassware, cutlery,
crockery, etc, working capital + training deposits + misc
£13500
Please note: Where only minimal capital is available inventory will be rentalised.

Rent and charges

Rent

Year 1Year 2Year 3
Per anum£27040£27820£28600
Per week£520£535£550

Council tax

Band A

Non Domestic Business Rates

RATEABLE VALUE - £17,000

MULTIPLIER 2019/2020 - 0.491

ESTIMATED RATES PAYABLE - £5,565

  • 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

2016 2017 2018 2019 (Jun 18 - Jan 19)
All beer and cider
Barrels
141 133 124 68
Wine
Gallons
207 172 159 112
PPS
Gallons

Premium packaged spirits (eg WKD)
9 12 4 1.5
Traditional Spirits
Gallons
53 53 53 25
Minerals
Ready to drink litres
2154 1828 2153 816

Estimated food turnover

£750 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 - 23:30

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