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Royal Sovereign

15 Sea Road, Bexhill-on-Sea, East Sussex, TN40 1EE

The Royal Sovereign is a laid back and friendly locals pub boasting a great high street location in the seaside town of Bexhill-On-Sea, East Sussex.

Key features

  • Traditional wet only community pub
  • Great high street location 
  • Opposite the train station & a stones throw from the beach
  • Feature bar servery with a large open plan trade area
  • Patio style courtyard garden
  • Tenant accommodation with 4 bedrooms

Floorplan

THE ROYAL SOVEREIGN

The Royal Sovereign is a laid back and friendly locals pub boasting a great high street location in the seaside town of Bexhill-On-Sea, East Sussex. It sits directly opposite the Bexhill-On-Sea train station and the main beach front is at the end of the road, just a few minutes stroll away.

Currently a wet only operation, the Royal Sovereign is every inch a community pub that keeps customers returning week after week with quiz nights, bar games, karaoke and its own pool team in the local league. Due to its proximity to the train station, it is also a great drop in spot for commuters and day trippers to the seaside.

Internally you will find a feature bar servery and long open plan trade area with wooden flooring. A pool table sits at the far end of the pub and there is an open fire for when the weather is cold outside. To the back of the property there is a small patio style beer garden and there is bench seating to the front of the pub.

There is good sized private accommodation available at the Royal Sovereign to include a kitchen, lounge, bathroom and four bedrooms set out over two floors.

For the first time in ten years, we are now looking for new tenants to take over the running of the Royal Sovereign. We are looking for operators that will enjoy immersing themselves in to the  local Bexhill-On-Sea Community and further enhancing this business, with the opportunity to introduce a food offer.

Shepherd Neame is currently considering development and refurbishment options at this site, so plans can be further discussed at interview with suitable applicants.

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

BAR & RESTAURANT   

Feature bar servery with Long open plan trade area, TV screen and pool table

KITCHEN

N/A

OUTDOOR & PARKING

Small patio style beer garden to the back of the property

PRIVATE ACCOMMODATION

Set out over two floors and includes lounge, kitchen, bathroom, WC, 3 double bedrooms and 1 single bedroom

Capital Requirements

Estimated capital requirements

Trading deposit£5000
Contract deposit
refundable on day of charge
£500
Repair scheme
+ monthly payments £50
£1000
Inventory£0
Stock, glassware, cutlery, crockery, etc
Estimated subject to independent valuation by trade broker and stock taker
£2500
Working capital£5000
Training deposit
£750 refundable on completion of training
£1000
Total estimated ingoings£15000

Minimal capital considered

Minimum capital considered
Based on: Trading deposit + stock, glassware, cutlery,
crockery, etc, working capital + training deposits + misc
£10000
Please note: Where only minimal capital is available inventory will be rentalised.

Rent and charges

Rent

Year 1Year 2Year 3
Per anum£21580£22308£23140
Per week£415£429£445

Council tax

Band A

Non Domestic Business Rates

 

RATEABLE VALUE - £19,500

MULTIPLIER 2019/2020 - 0.491

ESTIMATED RATES PAYABLE - £6,700

  • 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
170 155 151 140
Wine
Gallons
111 99 100 100
PPS
Gallons

Premium packaged spirits (eg WKD)
15 45 30 30
Traditional Spirits
Gallons
100 90 75 75
Minerals
Ready to drink litres
2550 2358 2060 2060

Estimated awp profit (Amusement with prizes)

£4,000 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 - 02.00

Open to the public

Sunday - Thursday - 10.00 - 00.30
Friday - Saturday - 10.00 - 02.30

Live music

Monday - Sunday - 10.00 - 23.15

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