Leicester Arms Hotel

High Street, Penshurst, Tonbridge, Kent, TN11 8BT
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Letting Details

Description and Trading Style

The Leicester Arms is a strong local village pub with a cosy bar, very large restaurant, good gastro food offer, 13 en-suite letting rooms and a large very attractive terraced garden area. The pub is in the Michelin Guide.

Location and Local Amenities

Penshurst is a popular village located in Kent, the nearest town in Tonbridge, 4 miles away with a population circa 48,000. Penshurst Place is a very popular stately home in the village and is on the "Castle Route" - Hever, Chartwell etc. Trains from nearby Charcott go to London Bridge.

Accommodation

Trade: A cosy bar area (28 covers), a large open plan restaurant "The Garden Room" (72 covers), a restaurant area that can be used as a function room (58 covers), a landscaped garden (100+ covers) and 13 en-suite letting rooms. There are 3 active fireplaces available. Large commercial kitchen (walk in fridge available) ladies and gents WC's, cellar, office, stores and large car park.
Private: There is currently no private accommodation but a couple of the letting rooms could be used as private accommodation on the top floor.

Current and Future Markets

Current markets include visitors to Penshurst Place, villagers, staff from local business parks, Dutch and Belgian tourists. Trade is inconsistent during the year with significantly more trade during the summer, the opportunity is to increase trade during the winter and overall through targeted marketing.

Requirements

We seek an experienced operator with food and letting room expertise to take this business forward.
Applicants must have or be able to apply for a Personal Licence.

Estimated Ingoings

Circa £33,500 to include a security deposit (3 months of base rent), rent, service charge and insurance advance, stock, glassware, loose goods and training deposit. Fixtures & fittings are circa £84,545 plus vat and working capital is circa £13,875.

Trade Volumes 2017 2018 2019
Draught Beer and Cider (36 gallon units) 38.11 137.72 140.95
Packaged (litres) FOT FOT FOT
Minerals (10 litres) FOT FOT FOT
Spirits (litres) FOT FOT FOT
Wines (litres) FOT FOT FOT

Estimated Turnover

You will need to estimate the turnover you expect from the pub. The current barrelage is given to assist you with calculations, but you will need to estimate the food sales.

Guide Rent

£111,000 per annum, payable fortnightly in advance by direct debit. Retail Price Indexation applies to rents.

Terms

Five year renewable tenancy agreements with an additional service charge that covers property insurance, servicing of heating and cellar cooling equipment etc. There is a full wet tie unless agreed otherwise.

Rateable value

Draft 2017 figure £64,000. Please contact the local authority to find out actual rates payable.

Licenses & Permits

Sale of alcohol by retails for consumption on and off the premises and recorded music indoors and outdoors.

Permitted hours

Everyday 10.00am - 01.00am.

Current Offerings

Current Opening Times

Currently CLOSED.