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Globe, Hythe

High Street, Hythe, Kent, CT21 5AT

Located on the South Kent coast, the Globe Inn is a traditional style, community led pub that sits at the top end of Hythe’s historic high street.

 

Key features

  • Traditional style community led pub
  • Great location at the top end of Hythe's busy high street
  • Open plan trade drinking and dining area with open fire 
  • Galley style trade kitchen with a wash up area
  • Secluded patio garden area with wooden smoking shelter
  • Three bed private accommodation
  • Available April 2022

Floorplan

THE GLOBE INN

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

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 as 1600.

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 hosts 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 place for during the colder weather. Outside and 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 Globe is now looking for new hands on operators that can capitalise on the existing trade and further enhance both the wet and dry sides of the offer.

This site is available in April 2022, so 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£TBA£TBA£TBA
Per week£TBA£TBA£TBA

Council tax

Band A

Non Domestic Business Rates

RATEABLE VALUE - £17,000

MULTIPLIER - 0.499

ESTIMATED RATES PAYABLE 2021/2022 - (Until 31/03/2022) £2,165

ESTIMATED RATES PAYABLE 2022/2023 - (From 01/04/22) £4,242

NOTE: 

  • Retail relief for the hospitality industry is reduced to 75% rate relief for the remainder of the rating year until 31st March 2022
  • 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

2017 2018 2019 2020
All beer and cider
Barrels
126 113 67 35
Wine
Gallons
164 178 158 146
PPS
Gallons

Premium packaged spirits (eg WKD)
4 1 0 0
Traditional Spirits
Gallons
54 27 4 6
Minerals
Ready to drink litres
2249 1017 153 71

Estimated food turnover

£500 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