Pub Overview
An excellent suburban food pub.
This is an excellent opportunity for a seasoned food operator with exceptional catering skills to elevate an already well-established food business on the edge of Burton on Trent. The venue boasts over 100 covers, offering both a popular carvery and an extensive menu. Additional highlights include a separate bar, a welcoming beer garden, a great kitchen, all in superb condition.
What would you do with this pub to make it even more of a success?
The Area:
The Beacon is located in the town of Burton on Trent, close to the city centre and is surrounded by residential housing.
Demographics:
The pub benefits from being the only one in the area of around 1,300 adults. The demographic consists predominantly of mature individuals, with 1,181 mature residents and 93 carefree midlifers, making up a total population of 1,274.
The Offer:
Available on our foundation tenancy agreement. Click here for more information on this agreement. The potential of this pub lies in developing a strong 60:40 split food & drinks offer.
The site currently has the ability to drive trade through its food offer and live entertainment. This pub boasts a delightful menu of classic pub fare, a much-loved carvery, and a selection of popular beers, ciders, wines, and spirits.
We’re always open to new ideas, what would you do to drive trade?
If you’ve benefited from running or owning a pub business, we’d love to hear what experience you can bring.
The right licensee for the pub will have extensive experience in a destination food outlet hospitality business. They will have a clear vision for their food & drinks menu, marketing strategy and entertainment offer and can create a memorable experience for their customers.
Features
* Foundation Tenancy
* Catering Kitchen
* Pub Games
* Outdoor Trade
* Childrens Play Area
* Car Park
* Private Accommodation
Trading Area & Facilities
* Main trading area with bar
* Darts & pool in Bar Area
* Separate dining room
* 102 internal covers
* 100 external covers
* Large kitchen
* HEINEKEN Smart Dispense
* Large garden with children’s play area
* Car park with 60 spaces
Private Accommodation
Private accommodation consists of five bedrooms, a living room, kitchen, bathroom and office.
Pub Financials
Pub Financials Icon
Estimated Total Ingoing Costs
£74,718
Estimated Minimum Ingoing Costs
£16,119
Annual Rent
£55,433
Estimated Annual Turnover
£781,306
Deposit
£13,858
Estimated Fixtures & Fittings Value
£49,360
Estimated Stock Valuation
£8,000
Estimated Working Capital
£3,500
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.
Estimated Working Capital is an estimate of key start-up costs such as professional fees, training fee, premises license fee, F&F valuation fee & till floats. There will be additional ongoing charges payable during the term of the agreement such as property maintenance, repairs fund, SmartDispense. These costs will be outlined prior to completing a business plan and finalised at Heads of Terms.
The calculation of the Estimated Minimum Ingoing Costs assumes a minimum deposit of 1 month's rent and that fixtures and fittings (F&F) are rented. The subsequent deposit build up and F&F rental costs should be included in your financial assumptions in your business plan. Note that on FRI and Investment Tenancy Agreements deposits will always be 3 month's rent in advance and fixtures and fittings (F&F) must always be purchased. A deposit of 6 month's rent will be required for operators trading under a Limited Company with no Guarantors. In order to ensure a successful start-up, all applicants must have a minimum £10,000 un-borrowed funds. #J-18808-Ljbffr