If you are looking to lease a pub in the Rochester area? You could run ‘The Five Bells’ !
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Lease A Pub In Rochester – Run The Five Bells !
This is a large community public house located on the Isle of Grain in Hoo, a friendly village surrounded by residents. The pub has great facilities with an excellent sized trading area including a saloon bar, dining area, large function room and a spacious and a secure beer garden. The pub trades very well from local residents with its positioning in the heart of the village and with local amenities nearby there is scope to develop the passing trade. Stonegate Pub Partners are now seeking an experienced publican or someone with experience of running and developing a food operation who can look to develop the offer of food to attract further trade. There is also a fantastic opportunity to utilise the beer garden and large function room to maximise revenue.
The stated ingoing figures are correct at point of advertising. Please be aware there may be additional costs.
Overview of Five Bells
This is a large community public house located on the Isle of Grain in Hoo, a friendly village surrounded by residents. The pub has great facilities with an excellent sized trading area including a saloon bar, dining area, large function room and a spacious and a secure beer garden. The pub trades very well from local residents with its positioning in the heart of the village and with local amenities nearby there is scope to develop the passing trade. Stonegate Pub Partners are now seeking an experienced publican or someone with experience of running and developing a food operation who can look to develop the offer of food to attract further trade. There is also a fantastic opportunity to utilise the beer garden and large function room to maximise revenue.
Indoor trading area
The Five Bells is a traditionally decorated pub with tiled and carpeted flooring as well as charming exposed beams. On entering the pub customers are greeted by a central saloon bar with eight covers. There is a dining area to the left with 14 covers and to the right is a games area which houses a pool table and dart board. A large function room is located on the first floor with its own bar perfect for birthdays and special occasions. There is plenty of room for live music and entertainment, catering for over 40 customers. Whilst the trade kitchen is large, it would require a refit to bring it in line with modern kitchen requirements. There is potential for possible development of the premise’s dependent on the suitability of applicants and respective business plans.
Outdoor trading area
Four picnic benches offer a drinking and smoking area to the front of the pub whilst the rear beer garden is laid to lawn with bench seating for up to 40 patrons. This large area boasts potential for play equipment, outside dining and large events. On-site parking is available for eight vehicles with ample parking across the high street in a public car park. The pub external decorations and signage give the site great kerb appeal.
Your living accommodation
First floor accommodation is well presented and comprises of a lounge, bedroom and bathroom. The second floor has two small attic style bedrooms. The kitchen facilities are shared with the pub on the ground floor
Surrounding area
Hoo is one of several villages on the Hoo Peninsula on the Isle of Grain, home to two large power plants with the potential to draw to the trade to the pub. The Five Bells is ideally located in the heart of the town centre with all amenities on its doorstep including Rochester Sports and Social Club and Deangate Ridge Golf Club. Local transport links include Gillingham, Strood and Chatham train stations, all located under four miles away.
Local competition
Chequers Inn,Church Street, Rochester, ME3 9AL (0.2 mi)
Bridge Tavern,Church Street, Rochester, ME3 9AL (0.2 mi)
Windmill,Ratcliffe Highway, Rochester, ME3 8QB (1 mi)
Pier Hotel,Lower Upnor, Rochester, ME2 4XA (1.6 mi)
Ship & Trades,Maritime Way, Chatham, ME4 3ER (1.8 mi)
Potential Turnover
£247,000.00 per annum
This is our estimate of the potential annual turnover of the pub business. It does not include the financial benefits of any living accommodation, which you will need to consider.
Partnership Terms
Guide Rent: £18,000.00 per annum, payable weekly in advance.
Based on discount scheme PARTNERSHIP BAND K
The proposed agreement: Retail Partnership Tenancy
(Key terms available online here) however we are prepared to discuss other Partnership agreements.
We will also discuss, your purchasing options (Wines, spirits, cask, minerals and flavoured alcoholic beverages) which you can choose all, a combination or none. Tie release fees will apply.
Estimated Capital start-up
£8,000.00 (excl VAT)
Often referred to as ingoings. Includes stock & glassware at valuation, deposit (calculated as 25% of £18,000.00), refundable at the end of your agreement dependent upon your account being in good order. Up to 2 weeks rent and other contractual charges will be payable in advance. Please note, the actual deposit payable will be 25% of the final agreed rent.
In addition you will need to provide funds for professional advice and a level of working capital – the amount will be dependent on your business plan.
Estimated fixtures & fitting value
£10,000 (excl VAT)
To be discussed with the Regional Manager.
Rateable Value
£18,000
Uniform Business Rate April 2017 47.9p (England) 47.9p (Wales). To establish the rate payable, please contact the relevant Local Authority.
For further information regarding the April 2017 revaluation, please visit www.tax.service.gov.uk/view-my-valuation/search
Regional Manager’s thoughts on the Five Bells
This is a large community pub with local residents making up the majority of the clientele. There is a fantastic opportunity to utilise the beer garden and large function room by developing a strong food offer. This business would suit an experienced publican or someone with experience of running and developing a food operation.
Matt, Regional Manager
