The Mulberry Tree is a lovely community value pub in the heart of residential Margate on the Kentish coast. The pub is a popular place for sports teams to meet and socialise. The spacious and relaxed beer garden presents the opportunity to host outdoor events to attract locals and visitors to Margate during the summer months.
The Mulberry Tree is an open plan trading operation, with a U-shaped main bar area providing a great space where all the community can gather. The walls are adorned with trophies won by successful darts and pool teams over the years. The games area fits naturally on one side of the bar area, with the other side potentially suitable for a food offer, given the presence of a catering kitchen in the pub. Outside, the large beer garden with a dedicated play area offers plenty of potential for summer community events. There’s a smoking solution and parking for 8 vehicles.
About the local area
The Mulberry Tree sits on a prominent corner plot in the residential heart of Margate. This is a true community pub, surrounded by a large amount of housing of all kinds, putting a strong potential customer base of local drinkers on its doorstep. Margate is becoming a popular get away destination for the weekend and is also known for attracting creatives for its arts scene.
Ideal Operator
This property may suit a locally minded operator who would like to run a community pub with sports teams. Its also a great opportunity to relocate to the coast. Some experience of the food market would be an advantage but is not essential.
Accommodation
Your domestic accommodation would consists of four bedrooms, kitchen and a lounge. Punch will ensure that this accommodation is in good condition.
About the Agreement
We love working with experienced entrepreneurs and we’re happy to be flexible with our agreements and products to match your business and vision.
Our Flexible Tenancy agreement offers a piece of mind approach to running your own pub business for a total term of up to 5-years with a flexible notice period. We offer flexible deposit options, as well as flexible price bands and release fees which are available.
Whatever the agreement, with Punch you always get:
A progressive pub company – winners of the Publican Awards 2022 & 2024!
Industry leading investment with a whole world of possibilities
Industry leading training, with our Academy and KitchenIndustry leading e-commerce platform – Punch Buying Club
Expert coaching and advice every step of the way
Want to find out more about this agreement? Click Here
The Mulberry Tree Margate.
FINANCIAL INFORMATION
Deposit
£5,750
Legal Fees
£375
Maintenance Fund Per Week
£40
Fixtures and Fittings Per Week
£39
Working Capital
£5,000 – £7,000
BUSINESS INFORMATION
Annual Rent
£23,000
Forecasted Annual Wet Turnover
£287,079
Forecasted Annual Food Turnover
£26,000
Forecasted Annual Other Turnover
£3,250
Agreement
Flexible Tenancy
Ideal Operator
This property may suit a locally minded operator who would like to run a community pub with sports teams. Its also a great opportunity to relocate to the coast. Some experience of the food market would be an advantage but is not essential.
Love Your Pub Group will send the above details on your behalf to your selected product provider(s)
Insurance disclaimer
Towergate Insurance Brokers is a trading name of Towergate Underwriting Group Limited. Registered in England No 4043759.
Registered address: 2 Minster Court, Mincing Lane, London EC3R 7PD. Authorised and regulated by the Financial Conduct Authority.
Finance disclaimer
Portman Finance Group includes Portman Asset Finance Limited (Reg No: 06226530) which is authorised and regulated by the Financial Conduct Authority for its credit broking activities and deals with a panel of lenders (FRN: 719988), Portman Leasing Limited (Reg No: 06797365) authorised and regulated by the Financial Conduct for Consumer Hire lending (FRN: 723730) and Portman Commercial Finance Limited (Reg
No: 10011121). The companies within Portman Finance Group are all registered in England and Wales with registered offices: 1 Pavilion Court, 600 Pavilion Drive, Northampton, NN4 7SL
Mortgage disclaimer
The Mortgage Hut Limited is an appointed representative of Mortgage Advice Bureau Limited and Mortgage Advice Bureau (Derby) Limited which are authorised and regulated by the Financial Conduct Authority. The Mortgage Hut Limited. Registered Office: Ground Floor, Threefield House, Threefield Lane, Southampton, Hampshire, SO14 3LP Registered in England Number: 07629941
Your home may be repossessed if you do not keep up repayments on your mortgage. There may be a fee for mortgage advice. The actual amount you pay will depend upon your circumstances. The fee is up to 1.5%, but a typical fee is 0.3% of the amount borrowed.
MISREPRESENTATION ACT 1967
The Love Your Pub Group gives notice that the contents of these particulars are believed to be correct but are given without responsibility and intending purchasers or lessees should satisfy themselves by inspection or otherwise to their correctness. These particulars do not form any part of any offer or contract and no person in the employment of the company has any authority to make or give representation of warranty to this property.
