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REFURBISHMENT PLANNED

Bull Inn New

Tanner Street, Faversham, Kent, ME13 7JL

Ingoing Cost: £13,500
Annual Rent: £27,040

Features
Trading style
Key financials

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Beer Garden

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External Drinking Area

Property details

The Bull Inn, Faversham, is a wonderful example of a traditional, warm and welcoming pub that has had the community at the heart of the business since the beginning of time. Due to retirement, it is on the market for the very first time in over twenty-nine years, so it is now looking for new tenants who can navigate it confidently into its next chapter. Just a few minutes' stroll from the landlord's very own Brewery, the Bull Inn is located in a peaceful, residential area in central Faversham, Kent. A historic market town, Faversham successfully blends a fantastic mix of culture and tradition. It houses medieval streets, rich maritime heritage, vibrant markets, the famous annual Hop Festival and unique independent shops and cafes.

Internally at the Bull, you will find an L-shaped trade area with a feature servery set across both the main bar for approx.30 covers and the saloon bar for 25 covers. There is a small trade kitchen which is not currently utilised, with outdoor storage and fridge/freezer space.

To the front of the property, you will find a patio area with seating for 20 covers, and to the rear of the site is a large garden with a paved patio area and grassed garden for approx.60/70 covers, and there are plenty of external storage buildings and sheds.

The sizeable private accommodation includes four large double bedrooms, a lounge/diner, kitchen, office and bathroom. There is a private driveway and potential to reinstate a small private patio garden.

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Catering Kitchen

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Team Games

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Live Sports

Trading style

For the last twenty-nine years, the Bull Inn has traded as a wet-only operation with complete focus on the surrounding residential community. It has harnessed a long-standing loyal base of customers, but also prides itself on being welcoming to all. Sports play a large part in the day-to-day business at the Bull; SKY Sports is televised on the multiple TV screens, and several darts teams and a football team visit weekly. A weekly quiz league takes place on a Tuesday evening, occasional karaoke and live bands are well received by locals, and the pub's layout lends itself to hosting regular private parties and events.

So that the Bull can put its best foot forward when it steps into its next chapter, a refurbishment scheme is planned for early July 2026, to tie in with a new operator. It is looking for a devoted, community-spirited operator that will retain the existing wet custom, but at the same time expand the sales and introduce a simple, traditional style food offer.

Key financials

Reference Number: Z55YD7 / SN-ME13
Agreement Type: Tenancy

Min Ingoing Cost: £13,500.00
Annual Rent: £27,040.00

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 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) £12,000
Stock, glass & crockery (Estimated subject to an independent valuation by a trade broker and stock taker) £3,500
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 £2,500
Total estimated ingoing charges £25,500
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 £27,040
Year 2 £27,664
Year 3 £28,340
Year 4 £29,068
Year 5 £29,900

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.

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