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Market Inn, Sandwich

7 Cattle Market, Sandwich, Kent, CT13 9AE

The Market Inn is a warm, welcoming and traditional pub located at the heart of the beautiful old town of Sandwich, Kent.

Key features

  • Prominent location on Cattle Market square
  • Feature bar servery with large trade areas 
  • Restaurant dining space for 30 covers
  • Pool table room
  • Good trade kitchen on first floor with dumb waiter
  • Recently refurbished & carpeted private accommodation
  • Available quickly if required 

Floorplan

THE MARKET INN 

The Market Inn is a warm, welcoming and traditional pub located at the heart of the beautiful old town of Sandwich, Kent.

Historic roots together with old fashioned charm make this ancient cinque port town a popular spot for visitors from near and far. With two entrances to the pub on both Cattle Market and Delf Street, the Market Inn boasts a great central location overlooking Sandwich Guild Hall Museum.

The Market Inn has been noticeably well looked after by the existing tenants, so you will find both the trade areas and the tenants private accommodation in great order throughout.

The central feature bar servery is surrounded by a large trade area to include a bar billiards table, darts area, drinking space, large pool room and a separate restaurant dining space for approximately 30 covers. On the first floor there is a very clean, well equipped trade kitchen with a separate wash up area and dumbwaiter to the ground floor. There is also a large multipurpose room which is currently used as an office/storage/staff room.

The tenants private accommodation has been recently refurbished and carpeted with a newly fitted kitchen. It is well sized and includes a lounge diner, big bathroom with storage, large double bedroom as well as a huge refurbished attic bedroom.

Currently a more wet led operation, the Market Inn is home to existing bar billiard and darts teams, and they host live music or karaoke every Friday night. They offer a great home cooked, traditional style pub menu and they have some existing lunchtime trade.

Available quickly if required, the Market Inn is looking for a new tenant that has the business acumen to further enhance trade and maximise this pub to its full potential.

BAR & RESTAURANT

Large spacious trade area with a feature bar servery,  bar billiards table and darts area. Restaurant dining space for approx. 30 covers and a pool room to the back of the building. Large office/storage/staff room on the first floor

KITCHEN

Good sized, clean and well equipped trade kitchen with dumb waiter and separate wash up area on the first floor

OUTDOOR & PARKING 

There is access to the property from both sides of the building on Cattle Market and Delf Street. A large municipal car park is just a short walk away

PRIVATE ACCOMMODATION

Large recently refurbished tenant accommodation with new carpets to include lounge/diner, newly equipped trade kitchen, bathroom with storage   cupboards and double bedroom. Very large double bedroom in the attic also refurbished and carpeted

Capital Requirements

Estimated capital requirements

Trading deposit£5000
Contract deposit
refundable on day of charge
£500
Dilapidations
+ monthly payments £50
£1000
Inventory£11000
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£24500

Minimal capital considered

Minimum capital considered
Based on: Trading deposit + stock, glassware, cutlery,
crockery, etc, working capital + training deposits + misc
£24500
Please note: Where only minimal capital is available inventory will be rentalised.

Rent and charges

Rent

Year 1Year 2Year 3
Per anum£23400£24648£26000
Per week£450£474£500

Council tax

Band A

Non Domestic Business Rates

Rateable Value 2018 - £11,500

Multiplier - 0.466

Estimated Rates Payable 2018/19 - £0

  • The estimated rates payable are based upon the assumption that the tenant occupies maximum one pub and therefore qualifies for small business rates relief. Apart from relevant multipliers and small business rate relief, no other reliefs have been applied.
  • It has been recommended that the prospective new tenant checks the rates payable and any other relief prior to completing a financial plan.

Trading information

Trade

Year ending 30 June

2015 2016 2017 2018 (July-Dec 2017)
All beer and cider
Barrels
207 174 155 68
Wine
Gallons
190 201 181 69
PPS
Gallons

Premium packaged spirits (eg WKD)
0 20 19 8
Traditional Spirits
Gallons
4 68 93 32
Minerals
Ready to drink litres
4871 3697 3544 1539

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.

Estimated awp profit (Amusement with prizes)

£5,000 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 - 01.30

Open to the public

Sunday - Thursday - 10.00 - 00.30
Friday - Saturday - 10.00 - 02.00

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 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