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Compasses, Crundale

Sole Street, Crundale, Canterbury, Kent, CT4 7ES

Located in the North Downs, the Compasses Inn is a destination dining pub & restaurant in Crundale; a beautiful, rural village setting between Canterbury and Ashford, Kent.

 

Key features

  • Destination dining pub & restaurant in rural Crundale
  • Multi-award winning food led operation
  • Open plan layout for approx. 55 covers 
  • Trade kitchen with outdoor walk in fridge and storage 
  • Large private trade garden with patio area and BBQ
  • Private customer car park
  • Private accomodation with 3 double bedrooms 

Floorplan

THE COMPASSES INN

Located in the North Downs, the Compasses Inn is a destination dining pub & restaurant in Crundale; a beautiful, rural village setting between Canterbury and Ashford, Kent.

The Compasses is a multi-award winning, food led business which has been run by one chef operator for the last eight years. Amongst other accolades they are currently the proud holders of a Michelin Bib Gourmand award, 2 AA Rosettes for Culinary Excellence and they were recently voted number 8 in the Estrella Damm Top 50 Gastro Pubs Awards.

Internally at the Compasses Inn you will find a traditional style trade area lined with old oak beams, hung with fresh British hops and multiple cosy open plan fires and log burners for the   colder weather. The open plan layout includes the front bar, a lounge come snug area and the main restaurant dining room for approx. 55 covers in total. The long trade kitchen is well equipped and there is an outdoor walk-in fridge and storage available.

To the back of the property you will find a large, fully fenced in family friendly garden with a patio and BBQ area and there is also a patio and seating area to the front of the building. The private customer car park accommodates around 25 cars.

The Tenants private accommodation is in good order and houses three double bedrooms, a large open plan lounge, kitchen/diner, two bathrooms and office and plenty of storage.

As the existing tenants embark on a new adventure, Shepherd Neame is looking for new operators to take on the successful running of the Compasses Inn. For more information or to arrange a formal viewing at this property, please contact the Trade Recruitment Co-ordinator on 01795 542132.

BAR & RESTAURANT

Open plan trade area to include the front bar for  approx. 19 covers, the lounge/snug for 8 covers and the restaurant dining room for approx. 28 covers

 

KITCHEN

Good sized and well equipped kitchen with outdoor  walk in fridge and storage 

OUTDOOR & PARKING

Fenced in, large grassed garden to the rear of the property with a BBQ area and patio. Patio area to the front of the property. Private customer car park for 27 cars

PRIVATE ACCOMMODATION

Tenants private accommodation includes 3 double bedrooms, a large open plan lounge, diner & kitchen, family bathroom, small bathroom, office and plenty of  storage

Capital Requirements

Estimated capital requirements

Trading deposit£5000
Contract deposit
refundable on day of charge
£500
Repair scheme
+ monthly payments £50
£1000
Inventory£35000
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£51500

Minimal capital considered

Minimum capital considered
Based on: Trading deposit + stock, glassware, cutlery,
crockery, etc, working capital + training deposits + misc
£16500
Please note: Where only minimal capital is available inventory will be rentalised.

Rent and charges

Rent

Year 1Year 2Year 3
Per anum£32240£33072£33956
Per week£620£636£653

Council tax

Band B

Non Domestic Business Rates

RATEABLE VALUE - £19,750

MULTIPLIER - 0.499

ESTIMATED RATES PAYABLE (From 01/04/21 to 30/06/21) - N/A

ESTIMATED RATES PAYABLE (From 01/07/21 to 31/03/22 ) - £2,466

NOTE: 

  • Retail relief is 100 % for the hospitality industry until 30th June 2021, it will then be reduced to 66% 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

2018 2019 2020 2021
All beer and cider
Barrels
37 29 16 9
Wine
Gallons
447 464 330 175
PPS
Gallons

Premium packaged spirits (eg WKD)
4 3 1 1
Traditional Spirits
Gallons
13 18 14 6
Minerals
Ready to drink litres
2745 3323 2414 779

Estimated food turnover

£4,000 per week net 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.

Monday - Thursday - 10.00 - 00.00
Friday - Saturday - 10.00 - 02.00

Open to the public

Monday - Thursday - 10.00 - 00.30
Friday - Saturday - 10.00 - 02.30

Live music

Monday - Sunday - 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