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British Flag, Harwich

Harwich, CO12 3DD

Your investment

£9,000

Agreement Type

Tenancy

The British Flag is situated on the historic coastal port of Harwich on the North Eastern edge of Essex close to Colchester and Clacton. It’s a historic area with the port close by that still handles large commercial freight as well as a ferry link to the Hook of Holland. Together with Dovercourt the population is over twenty thousand and there are train links to Colchester Ipswich and London (ninety minutes) from the nearby Harwich Station. There are several amenities all within walking distance of the pub which is located just of the A120 West Street surrounded by residential housing and businesses.

The British Flag is situated on the historic coastal port of Harwich on the North Eastern edge of Essex close to Colchester and Clacton. It’s a historic area with the port close by that still handles large commercial freight as well as a ferry link to the Hook of Holland. Together with Dovercourt the population is over twenty thousand and there are train links to Colchester, Ipswich and London (ninety minutes) from the nearby Harwich Station. There are several amenities all within walking distance to the pub which is located just of the A120 West Street surrounded by residential housing and businesses.

Pub Layout

On entrance you are greeted by a large L-shaped single bar layout with comfortable mixed seating to the front and a games area to the back of the pub including a pool area. There is a medium size rear patio garden that is in good order and provides a good sunny area to sit and drink.

The pub is a community pub serving the locals and visitors to the port area alike with a range of drinks. There is scope for pub teams especially pool and a simple back bar menu such as pies and light snacks. The British Flag is part of a small old town circuit with other pubs and tends to trade better later in the day and evening.

Private Accommodation

The private accommodation is located on the first floor and can be accessed internally which consists of three bedrooms, kitchen, bathroom and is good condition.

Annual Rent: £15,000 (Stepped Rent Available)

Security Deposit: £5,000

Working Capital: £2,000

Stock: £2,000

Fixtures and Fittings: Upon Valuation 

(funding options available for the right licensee)

Tie:        All drinks categories are tied.

For fully funded licensees on long term agreements, we offer free-of-tie options for certain drinks categories in exchange for an annual fee.

Training: £250 plus VAT

For a breakdown on financial information, please refer to the ‘Additional Info’ tab.

The British Flag is in the heart of Harwich and very close to the sea! It attracts an array of visitors including those working at the nearby docks. The pub has plenty of scope to develop its offer further such as an excellent real ale offer, simple back bar food options and entertainment. Making more use of the attractive rear garden is also key here.

The premises may qualify for Small Business Rates Relief in which case the non-domestic rating liability may be nil subject to the ratepayer occupying only one property for the purposes of business.

Annual Rent – This is our lowest rent figure associated with a Full Tie.  If the tie is reduced the effective rent (via Tie Release Fees) will increase.  Rent is billed and paid for   weekly in advance depending on the payment terms agreed)

Security Deposit – This sum of money will be held on your account and will be returned to you on exiting of the pub based on your final account balance and the condition of the property

Working Capital – This is a recommend amount required which will be used in the day-to-day running of the business

Stock – This will be valued by an independent valuer on the day you take over the pub. This includes unbranded glassware, unopened bottles, wines, spirits, any unopened / opened kegs and cask ale providing the container is unopened

Fixtures & Fittings – This includes any item that is bolted to the floor or walls, and a fitting to be any item that is free standing or hung by a nail or hook. This will also include furniture

Training – This is required when taking on a Business Support Agreement.  Included is an e-learning package for you and your staff and attendance to our ‘Set Up To Succeed’ workshop held at our Head Office in Chester.  Please note, you will be required to attend this workshop before signing a long term tenancy agreement.

Service Charge Cost – £28.01 per week – This is a weekly charge that includes statutory compliance certification (including Annual CP12 and CP42 gas test), cellar cooling services (including full insurance to cover repairs and / or replacements), Health & Safety Essentials (including assessments) and Licensing Support.


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