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Mill Inn

Deal, CT14 9ER

Your investment

£12,000

Agreement Type

Tenancy

The Mill Inn is a large detached traditional building, located on Mill Hill some half a mile from Deal Town centre on the South Kent coast. Deal is an affluent historical seaside town with a number of quality pubs, restaurants, hotels and cafes. Deal is extremely popular with holiday makers visiting Deal Beach along with Deal Castle.  The Mill Inn is just 30 minutes south of Canterbury, which is under an hour to London on the train. Mill Hill and the surrounding area is heavily populated with residential housing on all sides of the property. There is a strong local community following at the prominently located Mill Inn.  In 2021 there was a full refurbishment and re-decoration with new carpets on licensee accommodation which is located over two floors.  Admiral Taverns are considering a full refurbishment on both the internals and externals and are therefore looking for a new licensee to unlock the potential this business can offer.  As part of this investment we will also be utilising the back bar kitchen space so the pub can offer bar food and accommodate the large number of pool and darts teams who frequent the pub on a regular basis.

The Mill Inn is a large detached traditional building, located on Mill Hill some half a mile from Deal Town centre on the South Kent coast. Deal is an affluent historical seaside town with a number of quality pubs, restaurants, hotels and cafes. Deal is extremely popular with holiday makers visiting Deal Beach along with Deal Castle.  The Mill Inn is just 30 minutes south of Canterbury, which is under an hour to London on the train. Mill Hill and the surrounding area is heavily populated with residential housing on all sides of the property. There is a strong local community following at the prominently located Mill Inn.  In 2021 there was a full refurbishment and re-decoration with new carpets on licensee accommodation which is located over two floors.  Admiral Taverns are considering a full refurbishment on both the internals and externals and are therefore looking for a new licensee to unlock the potential this business can offer.  As part of this investment we will also be utilising the back bar kitchen space so the pub can offer bar food and accommodate the large number of pool and darts teams who frequent the pub on a regular basis.

Pub Layout

The pub is a large three storey property. The trade area is split into two main areas with a mixture of fixed and loose seating, one large public bar which is dominated by a central bar servery, and also has a raised stage area to the rear for live entertainment, pool table and a television screen showcasing live sports. Toilets are situated to the rear of the room and there is a small catering kitchen behind the bar area. The smaller tap room located to the right hand side of the main bar area which hosts a darts area which teams play from. Outside to the rear can be accessed through both the main bar lounge along with the tap room. The large beer garden is made up of a patio area with seating, grassed area with picnic benches along with a children’s play area in the corner. There is no car park at the pub, however on street parking is available.

The Mill trades as a community drinks focused pub however there is an opportunity to develop a small pub food offer. Sports has been a key element to the trade with darts and pool teams in midweek. Live sports and live entertainment are a must-focus part of the offer.

Private Accommodation

Private Accommodation can be accessed through the bar area along with the private access from outside the pub. Split over two levels, it comprises of four bedrooms, lounge, office, bathroom and kitchen.

Annual Rent: £20,000 (pre investment)

Security Deposit: £5,000 

Working Capital: £4,000

Stock: £3,000

Fixtures and Fittings: Upon Valuation  –  Funding options may be 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: £325 plus VAT

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

The pub is a popular destination for the local community and has a good reputation for its sports offering so any new potential licensee must be prepared to subscribe to a sports offer. Admiral are seeking a strong community focused operator, who is team orientated with the passion and drive to grow the business further. The licensee must have excellent retail standards and be prepared to engage with the local community. The selected applicant will make The Mill Inn the hub of the local community.

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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