Pub Overview
To be considered for an interview, please make sure your application is full in line with the job specs as found below.
An exciting refurbishment planned that will make the Phoenix the ‘go to music venue’ in Exmouth.
What would you do with this pub to make it a success?
Area:
Located just off the main centre of Exmouth the Phoenix is in a prime sport near shops, the beach and the train station. It benefits from having around 6,700 residents within a 10-minute walking distance. The planned refurbishment will make the Phoenix stand out amongst its competition.
The offer
The Phoenix is available on our investment tenancy agreement. Click here for more information on this agreement .
Drinks:
The pub will offer a wide range of drinks, lagers, ciders, spirits, wines and cocktails along with a great range of soft drinks and low & no options. We expect the range to cater to a mix of individuals looking to visit the venue, ensuring the pub appeals to a broad audience.
Food:
There will be a straight-forward range of bar snacks to complement the drinks range.
Events:
The pub will host a range of music entertainment events according to customer demand. These events will create a vibrant atmosphere and will drive a healthy rhythm of the week.
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 operator for the Phoenix will have extensive experience in a similar hospitality business. They will have strong local connections in the live music scene, a clear vision for their marketing strategy, entertainment offer and drinks menu 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 us what you can bring to this pubs next chapter...
Features
Refurbishment Planned
Investment Tenancy
Music Venue
Pub Games
Private Accommodation
Trading Area & Facilities
The Phoenix will be undergoing a refurbishment which will cover the interior and exterior of the pub.
A full list of works and pub floor plan can be found in the ‘refurbishment details’ in the downloads.
The pubs trading area and facilities post refurbishment will be:
Main trading area with bar
93 internal covers
SmartDispense
Darts Boards
Applicants should be aware that all refurbishments are subject to final board approval which will be determined as part of the leasing process.
Where a significant investment is made in a pub by Star Pubs & Bars, an "Investment Exemption" will be required. The exemption means that the option of a Market Rent Option lease won't be available at rent review for a period of up to seven years for this site, as per The Pub Code (2016).
Private Accommodation
The private accommodation at the Phoenix consists of two bedrooms, lounge, kitchen, bathroom and office.
Pub Financials
Pub Financials Icon
Estimated Total Ingoing Costs
£16,301
Estimated Minimum Ingoing Costs
£16,301
Annual Rent
£19,525
Estimated Annual Turnover
£286,562
Deposit
£4,881
Estimated Fixtures & Fittings Value
£1,920
Estimated Stock Valuation
£6,000
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.
Downloads
Demographics Report Download arrow
Energy Performance Certificate Download arrow
Refurbishment Details Download arrow