The Old Wine Vaults Faversham Craft Union
South East
75 Preston Street, Faversham, Kent, ME13 8PA
The Old Wine Vaults in Faversham is the traditional quaint pub that we all dream of. Found on the bustling Preston St, this pub is often described as a Tardis, the pub’s small front is deceiving of its large indoor trading area. Dating back to the 17th century the pub has heaps of character. Perfect for those sunny days in Faversham, the pub also has a large outdoor space where customers can enjoy drinks while soaking up the rays. With both a pool table and darts board inside, the pub has great potential to get involved with local sports teams. The pub is licensed until 1 a.m. on Fridays & Saturdays and is the only pub open at that time in the area, creating an unmissable opportunity to take advantage of.
The stated ingoing figures are correct at point of advertising. Please be aware there may be additional costs.
Gallery
Everything about the Pub
About the Pub
The Old Wine Vaults in Faversham is the traditional quaint pub that we all dream of. Found on the bustling Preston St, this pub is often described as a Tardis, the pub’s small front is deceiving of its large indoor trading area. Dating back to the 17th century the pub has heaps of character. Perfect for those sunny days in Faversham, the pub also has a large outdoor space where customers can enjoy drinks while soaking up the rays. With both a pool table and darts board inside, the pub has great potential to get involved with local sports teams. The pub is licensed until 1 a.m. on Fridays & Saturdays and is the only pub open at that time in the area, creating an unmissable opportunity to take advantage of.
Key Features
- Through maximising incentives estimated earnings increases to an average of £101,920, with uncapped potential
- Additional earning potential through profit share scheme, machine income share, & sales incentives
- Craft Union cover agreed upon costs for security & entertainment
- Stocking policy consisting of all Craft Union premium products
Ideal Operator
The ideal operator would be excited at the prospect of building this pub from a ‘blank canvas’. They would see an opportunity to show the rights to sporting events and create a weekly rhythm of events that would convince locals to come out. They would be an experienced operator with the ability to form strong relationships with local licensing, always ensuring a safe environment for all to enjoy. Finally, they would bring a strong ability to grow sales into this site, with the aim of taking it to new heights.
Private Accommodation
- The private accomodation consists of 2 bedrooms
Surrounding Area
Faversham is the oldest market town in Kent and is bursting with history, having been recorded in the Doomsday Book. The town is on a winding creek, with an amazing array of independent shops, captivating places to visit, great countryside walks and an excellent reputation for a variety of foods. Faversham is well know for local festivals and events, at the start of September there is ‘Hop Fest’ which takes over the whole town for beer and live music. This has been a huge success in the pub and we have had massive record sales when this has taken place.
Resources
Energy Performance Certificate (EPC)
Business & Financial Information
Agreement:
Craft Union
Business Details
Forecast Turnover:
£520,000 pa
Financial Details
Full Deposit:
£500
James believes the Old Wine Vaults has a great position on the high street and as such can appeal to a broad customer base. He’s seeking an experienced operator who can develop and fulfil the potential of this wonderful, yet quirky property. The pub has massive potential for growth and the right operator will be able to grow sales utilising the large beer garden effectively and introducing a consistent rhythm of the week.
Contact
Contact The Love Your Pub Team:
Contact number: 01329 227488
Contact email address: info@loveyourpub.co.uk
Pub Location
Make an Enquiry
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.