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Eagle, Maidstone

Maidstone, ME14 1RZ

Your investment

£11,000

Agreement Type

Tenancy

The Eagle is an end of terrace, drinks led community pub situated in the town of Maidstone which is the county town of Kent and is located 32 miles southeast of London and 42 miles west of Dover. The pub sits on the edge of a residential area and is conveniently located close to Maidstone East Station. It is only ten minutes walk from the town centre but has local amenities even closer with an Aldi and other local shops nearby, as such it gets a lot of passing trade. The Eagle could be a great starter pub, or a good pub for an experienced pub operator looking to introduce a simple food offer. 

The Eagle is an end of terrace, drinks led community pub situated in the town of Maidstone which is the county town of Kent and is located 32 miles southeast of London and 42 miles west of Dover. The pub sits on the edge of a residential area and is conveniently located close to Maidstone East Station. It is only ten minutes walk from the town centre but has local amenities even closer with an Aldi and other local shops nearby, as such it gets a lot of passing trade. The Eagle could be a great starter pub, or a good pub for an experienced pub operator looking to introduce a simple food offer. 

Pub Layout

The Eagle is open plan with an L shaped central servery as you enter the pub. The area is split into zones with space for standing in front of the bar and two sectioned areas to the left. One is the pool area and the other is a cosy seating area. The toilets are located to the left of the pub. Theris a small kitchen directly behind the bar which is large enough for the size of the pub and can easily be utilised to offer a basic food menu. There is a small courtyard to the rear of the property. There is no parking and directly outside is permit parking, however there is a public car park close by. The pub is traditional in style and has been well cared for by the current licensee. 

The Eagle is very much a community pub. It benefits from both pool and darts teams. There is an opportunity to introduce a limited back bar food offer, but this is a traditional wet led pub first and foremost. The pub only has one line of cask ale at present so again there may be an opportunity to develop the business further by introducing a mixed range of ales to appeal to cask ale drinkers. 

 

Private Accommodation

The domestic accommodation is of good family size, with four bedrooms, living room and a bathroom. The commercial kitchen downstairs is currently being used as the domestic kitchen. 

Annual Rent: £16,500

Security Deposit: £5,000

Working Capital: £2,500

Stock: £3,500

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.

By location this pub should be the hub of the community in its off town centre situation. The end of terrace pub is ideally located to become the locals pub, by offering community based events and tournaments including live music, quizzes, darts and pool teams and leagues, charity nights, penny draws, meat raffles, games nights and other traditional community pub events.  We are looking to secure a dynamic, community focused licensee, who will be able to develop the wet sales and additionally build a consistent bar snack offer at The Eagle. It will be vital to engage with the locals and the existing teams who use the pub. There is huge scope to increase the turnover at this prominent town centre pub and to make it the best community public house in Maidstone . 

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 – £30.10 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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