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Beer Garden
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External Drinking Area
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Smoking Solution
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Car Park
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Childrens Play Area
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Restaurant/Dining
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Coastal
Property details
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 getaway destination for the weekend and is also known for attracting creatives to its arts scene.
The pub 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 for eight vehicles.
The private accommodation would consist of four bedrooms, a newly refurbished kitchen, and a lounge. The landlords will ensure that this accommodation is in good condition.
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Catering Kitchen
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Team Games
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Pool Area
Trading style
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.
This property may suit a locally minded operator who would like to run a community pub with sports teams. It's also a great opportunity to relocate to the coast. Some experience in the food market would be an advantage but is not essential.
Key financials
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Reference Number:
9MTS0A / 201799
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Agreement Type:
Tenancy
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Min Ingoing Cost:
£6,125.00
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Annual Rent:
£23,000.00
The stated ingoing figures are correct at point of advertising. Please be aware there may be additional costs.
Please note that the energy performance certificate is available from the landlord.
Financial Information:
- Deposit = £5,750
- Legal Fees = £375
- Maintenance Fund Per Week = £40
- Fixtures and Fittings Per Week = £39
- Working Capital = £5,000 - £7,000
Business Information:
- Annual Rent = £23,000
- Forecasted Annual Wet Turnover = £266,060
- Forecasted Annual Food Turnover = £26,007
- Forecasted Annual Other Turnover = £3,718
- Agreement = Flexible Tenancy