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Beer Garden
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External Drinking Area
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No Private Accomodation
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Letting Rooms
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Waterside
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Coastal
Property details
Due to receive an incredible £340k investment, The Kasbah is a rare business opportunity on the renowned, bustling Isle of Wight. Located just meters from the pier and waterfront, in the heart of the seaside town of Ryde, the pub attracts a huge number of tourists in the summertime and festival season. As a result, Kasbah appeals to both seasonal trade and also a steady local trade from the residents of the town.
Internally, the bar has a capacity for up to 100 guests. Significant changes will be made to each trading space, and these works include:
- Complete decoration throughout, including ceilings and timber work
- New furniture in every trading area
- New feature faux-planting, internally and externally
- The commercial kitchen will be revised, and works will be made to ensure it is compliant
- The Guest Toilets will be re-tiled and revamped throughout
The Kasbah boasts nine cosy boutique-style guest bedrooms. Each room will be fully renovated to a high standard. Works to the bedrooms will include new carpets, lighting, blackout curtains, beds, televisions, and sockets with USB inserts in the bedrooms, with a new tiled floor, sinks, vanity units, and towel rails in the bathrooms.
Outside to the front, the striking Tudor façade will be fully renovated with a new colour and lighting scheme. To the rear, the courtyard garden will have the following works completed:
- Redecoration of all walls
- New wall lights & festoon lighting
- New loose furniture
- New heat lamps
There is no private accommodation on this site.
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Catering Kitchen
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Live Entertainment
Trading style
With a revamped, striking Tudor-style façade, the pub will showcase a brand new design and theme that will attract a new clientele to the venue. Staying away from a value offer will instead give customers a great experience, with a simple food menu complemented by a great drinks offer, which will include cocktails and a gin range. The Kasbah also boasts nine, en-suite guest rooms which will all be fully redecorated.
Would you suit this pub? The ideal operator is preferably someone who understands the local area and can demonstrate previous experience of working with a seasonal customer base. The ability to demonstrate how to maximise occupancy in the guest rooms is required in addition to a robust business plan.
Key financials
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Reference Number:
8M9JTW / 2303284101
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Agreement Type:
Tenancy
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Min Ingoing Cost:
£60,854.00
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Annual Rent:
£53,418.00
The stated ingoing figures are correct at point of advertising. Please be aware there may be additional costs.
Please be aware that energy performance certificates are available from the landlord.
Annual Rent £53,418
Estimated Annual Turnover £553,868
Deposit £13,354
Estimated Fixtures & Fittings Value £39,000
Estimated Stock Valuation £5,000
Estimated Working Capital £3,500
Estimated Total Ingoing Costs £60,854
Estimated Minimum Ingoing Costs £60,854
The above figures are provided as a guide only and will be finalised as part of the commercial agreement. All figures quoted are exclusive of VAT.