Overview

Could you run this pub?

The Mulberry Tree is a lovely community value pub in the heart of residential Margate on the Kentish coast. The pub is a popular place for sports teams to meet and socialise. The spacious and relaxed beer garden presents the opportunity to host outdoor events to attract locals and visitors to Margate during the summer months.

The Mulberry Tree is an open plan trading operation, with a U-shaped main bar area providing a great space where all the community can gather. The walls are adorned with trophies won by successful darts and pool teams over the years. The games area fits naturally on one side of the bar area, with the other side potentially suitable for a food offer, given the presence of a catering kitchen in the pub. Outside, the large beer garden with a dedicated play area offers plenty of potential for summer community events. There’s a smoking solution and parking or 8 vehicles.

About the local area

The Mulberry Tree sits on a prominent corner plot in the residential heart of Margate. This is a true community pub, surrounded by a large amount of housing of all kinds, putting a strong potential customer base of local drinkers on its doorstep. Margate is becoming a popular get away destination for the weekend and is also known for attracting creatives for its arts scene.

Ideal Operator

This property may suit a locally minded operator who would like to run a community pub with sports teams. Its also a great opportunity to relocate to the coast. Some experience of the food market would be an advantage but is not essential.

Accommodation

Your domestic accommodation would consists of four bedrooms, a newly refurbished kitchen and a lounge. Punch will ensure that this accommodation is in good condition.

About the Agreement

Our Tenancy agreements vary between 3 – 5 years offer a flexible approach to running your own pub business. Your pub will be ready to trade, with carefully tailored food and drinks menus in place which you can evolve as you go along.
You will receive a high level of support and everything you need to run a successful business. From the beginning, you will have dedicated Operations Manager, plus access to training and development, business planning, operations and accounting expertise.

Once you’ve completed the 5-day induction course we’ll provide you with ongoing support to help you maximise the efficiency, sales and profitability of your pub. This includes helping you decide on the right drinks offer, guidance on margin and support creating a marketing plan to build for continued success. To help market your pub, we also offer lots of support and advice.

Punch Tenancy agreements have shared repairs liability, we will help you manage your ongoing repairing obligations. We do this by operating a repairs and maintenance fund for all new agreements.

* The calculation of the initial Ingoing Costs assumes a minimum deposit (£3,000 or £6,000) plus legal fees. The subsequent deposit build up (if any) will need to be paid over 52 weeks. This can be discussed with the recruitment team or Operations Manager

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Financial Information

Initial Deposit*
£6,000
Full Deposit
£6,000
Legal Fees
£750
Maintenance Fund Per Week
£40
Fixtures and Fittings Per Week
£154
Working Capital
£2,000 - £4,000
Street Check
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Business Information

Annual Rent
£16,000
Forecasted Annual Wet Turnover
£258,525
Forecasted Annual Food Turnover
£18,200
Forecasted Annual Other Turnover
£2,600
Agreement
5 Year Tenancy

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