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Beer Garden
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External Drinking Area
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Smoking Solution
Property details
The Cross Keys is located just outside of the old city walls in Canterbury. Canterbury is well known for its vibrant culture with a bustling tourism trade and a student population. There is a diverse demographic around the pub, with over 6,800 adults within a 10-minute walk – expanding to 21,000 in a 20-minute walk.
The Cross Keys will be the go-to premium local in the area, an inviting and comfortable place for drinks with friends and a fun night out.
The pub will benefit from a full internal redecoration. The landlords will be installing a new raised trading area to create more usable trading space throughout, adding bespoke fixed seating, reviving the bar counter with new back fittings, and adding new lighting throughout whilst renovating the existing timber flooring.
Externally, the landlords will be redecorating and adding new signage and lights to the front of the building to drive curb appeal to passing trade. The rear beer garden will see a huge improvement with the addition of new planters, pergolas, decking, and festoon lighting.
There is private accommodation at the site and there is scope for this to be further developed by the new operator. As part of the planned development included for this site, a dedicated tenant’s/manager’s accommodation will be created upstairs and decorated to a good standard, this will consist of 2-3 bedrooms, a living room, a kitchen, and a bathroom. Where required there will be appropriate works carried out in line with the landlords Ready to Trade Promise.
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Cask Ale
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Catering Kitchen
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Live Entertainment
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Live Sports
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Experienced Operator
Trading style
With a high footfall within the area combined with the investment in the trade kitchen, refurbishment to internals and externals, and an excellent modern garden space this will ensure the Cross Keys will be an incredible opportunity for an ambitious operator who can drive trade. The refurbishment will allow flexible zoning and a comfortable atmosphere along with 67 internal covers and 100 external covers that will set the pub out from its competition.
Target Customers:
When refurbished, the Cross Keys will appeal to:
- Students
- Office Workers
- Couples and groups of friends
- Sports fans through a strong cricket match day trade
Offer:
- This tasteful refurbishment will inject modern character into The Cross Keys, giving it the ability to trade at all points of the day and generate multiple income streams.
- With premium features, a brand new bar servery, flatscreen TVs, and a private rear bar area, The Cross Keys will now be able to host any occasion in stunning surroundings.
This is a pub with great potential, all that's missing is the right person to drive it forward. So, could that be you?
If you’ve benefited from running or owning a pub business, the landlords would love to hear what experience you can bring.
The right operator for the Cross Keys will have extensive experience in successful hospitality businesses. They will have a clear vision for their food & drinks menu and marketing strategy and can create a memorable experience for their customers
If this sounds like the incredible pub opportunity you’ve been waiting for, apply today and tell the landlords what you can bring to this pub’s next chapter.
Key financials
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Reference Number:
8M9JTW / 2303052101
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Agreement Type:
Tenancy
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Min Ingoing Cost:
£72,509.00
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Annual Rent:
£44,500.00
The stated ingoing figures are correct at point of advertising. Please be aware there may be additional costs.
Please be aware energy performance certificates are available from the landlord.
Annual Rent £44,500
Estimated Annual Turnover £651,987
Deposit £11,125
Estimated Fixtures & Fittings Value £47,884
Estimated Stock Valuation £10,000
Estimated Working Capital £3,500
Estimated Total Ingoing Costs £72,509
Estimated Minimum Ingoing Costs £72,509
The above figures are provided as a guide only and will be finalised as part of the commercial agreement. All figures quoted are exclusive of VAT.