Sidney Phillips is proud to bring to market a profitable high barrellage pub in Kent, an ideal purchase for an experienced operator or corporate operator.
The Cinque Ports is situated in the historic town of New Romney, one of the original Cinque Ports, a group of medieval ports that held special privileges in exchange for providing ships and men for the English crown during times of war.
The Cinque Ports Arms marks the start of New Romney’s high street, being a notable two-storey Grade II listed public house understood to date from the 18th century. The property has undergone extensive and frequent refurbishment, presented to a superb standard throughout. It benefits from three spacious trade areas with seating for 90, a high-capacity garden with outside bar and immaculate four-bedroom accommodation.
The Cinque Ports Arms has been transformed from a heavily dilapidated public house and into an extremely popular wet-led business which draws in custom from locals as well as workers and contractors from the nearby power station. It also draws in additional custom from those staying in the nearby holiday camps during the summer months. It is well-known for its ability to cater for functions and often holds birthdays, weddings, christenings and wakes. The business hosts live music every Saturday as well as three festivals a year and an Oktoberfest.
Robert Cockayne, Regional Valuations Manager for Sidney Phillips commented: “The Cinque Ports is a fantastic business, which is really bucking trends in the hospitality sector. The Cinque Ports Arms isa well-established and successful business purchasing some 400 brewers’ barrels per annum, but there is still ample room for a new owner to further develop the business by increasing its below-market prices and by introducing additional advertising for the deliberately under-marketed food offering.
The freehold interest is available off an asking price of £1,250,000.
For further information about this business for sale, please contact Sidney Phillips’ South East office on 01892 725900 or email southeast@sidneyphillips.co.uk. You can also view the property on our website by clicking here or search other pubs for sale.
(December 2024)