Pub Acquisition for Conversion to Micropub and Taproom in Kent
£395,000 · 11 months · 0.95% pm. An experienced operator wanted to acquire a closed community pub in a Kent market town and reopen it as a craft beer taproom and events space.
The Client
Experienced operator
The Challenge
An experienced operator wanted to acquire a closed community pub in a Kent market town and reopen it as a craft beer taproom and events space. Lenders were cautious about the hospitality sector and the change of use element.
Our Solution
Doulton assessed the operator's track record running a similar venue, agreed that the change of use was planning-permitted, and provided a £395,000 bridge. Works were completed within six months.
The Outcome
Venue reopened on schedule. Trading performance in the first three months supported a specialist hospitality lender mortgage, which redeemed the bridge. Key highlights: Hospitality sector accepted with strong track record; Change of use within scope of loan; Venue trading within six months of purchase.
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