The Maypole Inn

Description

The Maypole is an 18th Century two storey property with white rendered elevations under a pitched tiled roof.

Location

Borden is a rural village with a history dating back to the 12th Century. The Maypole Inn is situated at the heart of Borden village along with the Grade I listed Church which was commissioned around 1210. The village benefits from a primary school, village hall and recreation ground which is home to Borden village football club. Hamlets within the parish include Chestnut Street, Danaway Hearts Delight and Oad Street. The village offers easy access of motorway networks to London and the Kent Coast.

Internal Details

The main pub is served by a bar servery and has many traditional features, a variety of traditional tables and chairs with three wood-burning stoves, a separate circa 50 cover restaurant area, Ladies' and Gents' WCs. Commercial kitchen with full extraction and beer cellar.

Fixtures & Fittings

All trade fixtures and fittings will be included in the sale and our clients will provide a trade inventory.

External Details

Outside seating (circa 100) with a large trade garden and children’s play area. Customer car park for 30 cars. Storage barn with potential for holiday lets, subject to obtaining the necessary planning consents.

Owners Accommodation

Two double bedroom studio with kitchenette.

The Opportunity

Our client has owned the business for 18 years and is now looking to sell in order to retire, offering a great opportunity for a new operator to take full advantage to increase revenues by offering evening food. We thoroughly recommend a viewing to fully appreciate this opportunity.

Staff

The business is predominantly owner run with a complement of part time and casual staff.

Trading Information

Year ending 30 March 2024: Turnover: £345,000 Gross Profit: 56% Wage cost: 15% Further information will be supplied following a formal viewing.

Trading Hours

The business operates seven days a week. Monday to Saturday: 12-11pm Sunday: 12–8pm

Tenure

The Maypole Inn is held on a full repairing and insuring lease agreement for a term of 20 years expiring 25 March 2032 from Stonegate Pub Partners. The Rent currently stands at £36,830 per annum, subject to annual indexation. The lease is of partial tie, tied of beers and ciders, free-of-tie of wines, spirits and minerals.

Business Rates

Current rateable value (1 April 2023 to present) is £12,000. This is the rateable value for the property. It is not what you pay in business rates or rent. Your local council uses the rateable value to calculate the business rates bill.

Regulatory

Premises Licence.