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Imperial, Southborough

29 London Road, Southborough, Kent, TN4 0PB

The Imperial is a traditional style pub with an Italian twist located in a residential part of Southborough, just a few miles away from the historic town of Tunbridge Wells, Kent.

 

Key features

  • Traditional style pub with an Italian twist 
  • Located in a residential part of Southborough
  • Just outside of Tunbridge Wells, Kent
  • Open plan bar area with restaurant for approx. 35 covers 
  • Private function room for up to 6o covers 
  • Well maintainted private accommodation with 5 bedrooms
  • Potential to be available quickly 
  • Very well established existing trade 
  • Needs experienced operators 

Floorplan

THE IMPERIAL

The Imperial is a traditional style pub with an Italian twist located in a residential part of Southborough, just a few miles away from the historic town of Tunbridge Wells, Kent.

Having been run by an Italian family for the last five and a half years, the Imperial has built up a great reputation locally for superb, fresh Italian food, together with a great range of ‘Best of British’ Beers, wines and ales. Alongside their food offering, the Imperial has also generated a good wet trade with a firm following of locals popping by midweek and particularly at weekends.

Internally you will find a feature bar servery with a relaxed, open plan bar area and a restaurant dining space for approximately 35 covers. The First floor function room is regularly utilised for private dining, parties and gatherings, able to cater for around 38 guests sitting down or up to 60 guests for buffets and parties.

The Courtyard style back garden with seating for 60 people is a hit with both the drinkers and diners alike, and you are hard pushed to find a table when the sun is shining!

Set out over two floors, the tenants private accommodation has been well looked after and boasts two bedrooms and a bathroom on the first floor, and three bedrooms, a kitchen and bathroom on the second floor.

With the potential for this site to be available quickly, the Imperial is now looking for experienced operators with a passion for great food, that can further enhance this already well established and trading business.

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

BAR & RESTAURANT   

Feature bar servery with an open plan bar and drinking area, restaurant dining area for approximately 35 covers. First floor function room for up to 38 sit down covers or 60 covers for parties and buffets

KITCHEN

Small but well equipped trade kitchen. Additional fridge and freezer space also available in the cellar

OUTDOOR & PARKING

Court yard garden to the back of the property with seating for up to approx. 60 covers. Private customer car parking for approx. 8 cars

PRIVATE ACCOMMODATION

The private accommodation is set out over two floors and has been well maintained. The first floor has two bedrooms and one bathroom, the second floor has three bedrooms, walk in wardrobe space, a kitchen and bathroom

Capital Requirements

Estimated capital requirements

Trading deposit£5000
Contract deposit
refundable on day of charge
£500
Repair scheme
+ monthly payments £50
£1000
Inventory£22000
Stock, glassware, cutlery, crockery, etc
Estimated subject to independent valuation by trade broker and stock taker
£5000
Working capital£8000
Training deposit
£750 refundable on completion of training
£1000
Total estimated ingoings£42500

Minimal capital considered

Minimum capital considered
Based on: Trading deposit + stock, glassware, cutlery,
crockery, etc, working capital + training deposits + misc
£20500
Please note: Where only minimal capital is available inventory will be rentalised.

Rent and charges

Rent

Year 1Year 2Year 3
Per anum£39000£40144£41340
Per week£750£772£795

Council tax

Band B

Non Domestic Business Rates

RATEABLE VALUE - £17,000

MULTIPLIER 2019/2020 - 0.491

ESTIMATED RATES PAYABLE - £5,597

  • 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
258 239 243 126
Wine
Gallons
508 555 622 376
PPS
Gallons

Premium packaged spirits (eg WKD)
0 3 1.5 68
Traditional Spirits
Gallons
24 20.5 21 9
Minerals
Ready to drink litres
3918 4163 4303 1893

Estimated food turnover

£3,500 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 - 23.00

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