Pub Overview Beautiful Harbour-Side Pub We are planning a full refurbishment at the Bullers Arms, that touches every part of the pub. This will develop an all singing and dancing, high-street pub with great appeal to the key demographics of the area. This pub will offer a premium experience with a great British pub menu, a very relaxed environment with a new and fresh internal sparkle and an external scheme to reflect the changes with great kerb appeal. The pub will benefit from new signage and new paint to reflect the internal changes with great kerb appeal. Excellent location The Bullers Arms is located in Brixham. Brixham is a coastal town and civil parish in the borough of Torbay in the county of Devon, in the south-west of England. It is one of the main three centres with Paignton and Torquay of the borough. With a total population of almost 17,000 and 63000 within a 20-minute drive this town is also a great tourist destination with thousands visiting the harbour every week. The population has medium affluence and would prefer a great high street pub. Fantastic potential The potential in the pub lies in creating a premium food and drinks offer. The Bullers Arms will appeal to locals all year round but equally importantly to visiting tourists during the peak holiday season as a great pub situated on the harbour. With 68 covers, this pub has huge potential. All we’re looking for is the right operator 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 Bullers Arms will have extensive experience working with food in a similar type of businesses and able to deal with high volumes at peak times. They will have a clear vision for their food & drinks menu, marketing strategy 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 When refurbished, The Bullers Arms will appeal to a very broad spectrum of customers, including: Locals and people from other surrounding villages looking for a fantastic, premium, traditional pub serving excellent upmarket pub food. Tourists looking for a nice spot to enjoy food or drink near the harbour. Once refurbished, the Bullers Arms will offer: Premium lagers, craft beers and a great range of cask ales alongside premium wines and spirits and a small range of cocktails. Wine is expected to feature highly to match the quality food offer. Upmarket pub food. Coffees. Occasional entertainment during the off-season. Features Catering Kitchen Refurbishment Planned Investment Tenancy Private Accommodation Trading Area & Facilities Main trading area with bar Designated zones for food 68 Internal covers Catering kitchen SmartDispence Private Accommodation The private accommodation at the Buller’s consists of three bedrooms, living room, kitchen, bathroom and office. Pub Financials Annual Rent £ 35,840 Estimated Annual Turnover £ 494,479 Deposit £ 8,960 Estimated Fixtures & Fittings Value £ 14,500 Estimated Stock Valuation £ 8,000 Estimated Working Capital £ 3,500 Estimated Total Ingoing Costs £ 34,960 Estimated Minimum Ingoing Costs £ 34,960 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.