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New Flying Horse, Wye

Upper Bridge Street, Wye, Ashford, Kent, TN25 5AN

Located in the Kent Downs, the New Flying Horse is a traditional country pub & restaurant with nine letting bedrooms in Wye Village, near Ashford.

Key features

  • Large village pub & restaurant for approx. 60 covers 
  • Good sized and well equipped trade kitchen
  • Large gardens with childrens play equipment
  • Customer car parking for approx. 35 cars
  • Nine recently refurbished guest letting bedrooms
  • 2 bed private accommodation
  • External building with potential for development
  • Available immediately for the right applicants

Floorplan

THE NEW FLYING HORSE INN

Located in the Kent Downs, the New Flying Horse is a traditional country pub & restaurant with nine  letting bedrooms in Wye village, near Ashford.

A food led, destination dining site, the New Flying Horse has everything that you would expect from a great village pub & restaurant. It currently offers brasserie-style lunchtime dining and a full evening restaurant menu, including locally caught fish specials from the Kent coast.

Internally, you will find a feature bar servery set in the more relaxed drinking area together with separate restaurant dining space with open fireplaces for approximately sixty covers. The trade kitchen is a good size and fully equipped.

The nine ensuite guest letting bedrooms are located within a 17th century posting house and the converted coach house; they have been recently refurbished but still retain some of their original character and charm.

The outdoor areas at the New Flying Horse are certainly one of its unique selling points. Together with a large patio area with seating, you will also find two large garden spaces, one including a fenced in children’s play area. There is currently outside dining space for approximately sixty covers, with the potential to increase outdoor dining capacity significantly and there is customer car parking on site for around thirty five cars.

Shepherd Neame is looking for experienced, food led tenants to take over the successful running of this well established business and the New Flying Horse has the                potential to be available immediately for the right applicants.

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

BAR, RESTAURANT & KITCHEN

Feature bar servery with relaxed drinking and dining area and separate restaurant dining area. Approx. 60 covers in total. Good sized and well equipped trade kitchen

OUTDOOR & PARKING

Large paved patio area, two grassed garden areas, one with a fenced in children's play area with equipment.  Large private customer car park for approx. 35 cars

LETTING BEDROOMS

Nine ensuite letting bedrooms to  include one family room and eight double and twin bedrooms. All bedrooms include TVs and tea & coffee making facilities

PRIVATE ACCOMMODATION

Private accommodation is in the main building on the 1st floor, it includes two large double bedrooms, bathroom, kitchen, small lounge and storage space. There is also an external building that has the potential for renovation, it currently includes two bedrooms and a bathroom

Capital Requirements

Estimated capital requirements

Trading deposit£10000
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
£5000
Working capital£5000
Training deposit
£750 refundable on completion of training
£
Total estimated ingoings£

Minimal capital considered

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

Rent and charges

Rent

Year 1Year 2Year 3
Per anum£57200£58864£60580
Per week£1100£1132£1165

Council tax

Band B

Trading information

Trade

Year ending 30 June

2017 2018 2019 2020
All beer and cider
Barrels
175 176 161 123
Wine
Gallons
715 695 602 443
PPS
Gallons

Premium packaged spirits (eg WKD)
6 8 3 3
Traditional Spirits
Gallons
43 39 36 29
Minerals
Ready to drink litres
6465 6681 6706 4702

Estimated food turnover

£197,000 (per annum net approx.) in 2020

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

Sunday - Thursday - 10:00 - 23:30
Friday - Saturday - 10.00 - 00.00

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