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External Drinking Area
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Restaurant/Dining
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Coastal
Property details
Located on the North Kent coast, Herne Bay is a bustling seaside town that sits six miles away from historic Canterbury City centre and just four miles from its neighbouring seaside town of Whitstable. Once a small shipping community, Herne Bay is now a popular seaside town with a busy promenade, vibrant pier, independent shops, cafés, weekly markets and strong year-round footfall.
Internally, the pub offers a front bar area with a feature servery for approximately 20 covers, plus a back bar for a further 20 covers, which is currently utilised as a darts area. A good-sized trade kitchen that is not currently utilised is located on the first floor of the property and gives scope to introduce a simple food offer in the future.
Outside, a pavement licence and seating area for approximately 30 covers create an inviting spot for customers to enjoy drinks in the sunshine and take in the seaside town atmosphere.
The private accommodation is situated across two floors and includes a large lounge and bathroom on the first floor and two large double bedrooms on the second floor.
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Catering Kitchen
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Team Games
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Live Entertainment
Trading style
The Rose Inn offers the chance to take on a well-established high street pub in Herne Bay, build on its loyal local trade, and explore clear potential to grow the business further.
Boasting a prime spot in the high street, the Rose Inn currently trades seven days a week, from 10 am onwards, as a wet-led community pub with a loyal local customer base at the heart of everything that it does. Live music, quizzes, darts, a jukebox and fruit machines already give the pub a strong social feel and provide a solid platform for a motivated operator to build on.
Are you a hands-on or first-time pub operator looking for a wet-led opportunity in a busy seaside town in Kent?
Potentially available immediately on a traditional tenancy agreement, the Rose Inn is ideal for a hands-on, community-minded operator keen to grow an established wet-led business in the heart of Herne Bay. With loyal local trade, pub sports, live entertainment and community events already in place, there is clear scope to increase sales through a stronger events calendar, greater local engagement and the introduction of a simple, quality food offer from the trade kitchen.
Key financials
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Reference Number:
Z55YD7 / SN-CT6
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Agreement Type:
Tenancy
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Min Ingoing Cost:
£13,500.00
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Annual Rent:
£21,840.00
The stated ingoing figures are correct at point of advertising. Please be aware there may be additional costs.
Please note that the Energy Performance Certificate is available from the landlord.
Estimated capital requirements:
- Trading deposit £5,000
- Contract deposit (Refundable on the day of change): £500
- Maintenance scheme (Plus monthly payments of £50) £1,000
- Inventory (Estimated post-refurbishment subject to an independent valuation by a trade broker and stock taker): £9,000
- Stock, glass & crockery (Estimated, subject to an independent valuation by a trade broker and stock taker) £3,000
- Training deposit (£500 Refundable on completion of training) £1,000
- Utility package deposit (Approx. cost, applicable subject to agreement type) £TBC
- Technology pack deposit (Approx. cost, applicable subject to agreement type) £TBC
Working capital £3,000
Total estimated ingoing charges £22,500
Minimal capital considered £13,500
A lower minimum amount of capital may be considered, provided that there is a strong business and financial reason to support this during the application process.
Fixed Rental Structure:
- Year 1 £21,840
- Year 2 £22,308
- Year 3 £22,828
- Year 4 £23,348
- Year 5 £23,920
This pub is being offered on a Standard Tenancy Agreement with a fixed 5-year rental structure. This agreement is covered by the ‘Landlord & Tenant Act 1954, Part II. This is a fully tied agreement across all beers, cider, wine, PPS, spirits, and minerals.