Townhouse Eastbourne

Pub Overview Complete refurbishment planned A significant refurbishment will transform the Townhouse fantastic sports pub for the local community. Redecorations throughout will breathe a new lease of life into this pub. Star Pubs & Bars investment will allow for a full redecoration of the interior of the pub as well as works to the male & female toilets and the cellar. The Townhouse will also have a full external redecoration, including new signage and lights to improve the pubs curb appeal to passing trade. City centre location The Townhouse is located in the seaside town of Eastbourne. Eastbourne is a resort town along the Southeast Coast of England. Eastbourne is known for its pier, the beach and becomes a tourist destination especially during summer months. Due to the town centre location, there are over 8500 adults within a 10min walk of the pub. Unmatched potential The Townhouse will become a sports focus pub, with multiple screens and areas to play darts & pool. It will attract to locals wanting to watch sports, as well as tourists who want a drink in a nice location. The pub will show sports and have a great atmosphere, allowing people to stop in for a pint by themselves or enjoy with friends. The pub will have entertainment such as, pool nights, quiz nights & karaoke to drive further trade. This is a pub business with great potential, all we're missing is the right person to drive it forward. Target customers: The newly refurbished Townhouse will appeal to: People who want to watch sports, as well as couples who want an after-work drink. Locals & tourists to the area looking to enjoy a drink in a nice location. Offer Once refurbished, the Townhouse will offer: Comprehensive drinks range from Foster's through to Birra Moretti with real ale offering. Live sports Pool nights, quiz nights, karaoke and other entertainment 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 this pub will have extensive experience in hospitality businesses. They will have a clear vision for their offer, marketing strategy, and the ability 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 pub's next chapter... Features Investment Tenancy Live Sports Pub Games Outdoor Trade Private Accommodation Trading Area & Facilities The Townhouse will benefit from a full refurbishment with works being done both internally and externally. For a full summary of planned works, please review the 'Refurbishment Details' in the downloads section. Please 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. This 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. This applies to all pubs in England & Wales as per The Pub Code (2016) . Private Accommodation There is private accommodation on site. Pub Financials Annual Rent £ 25,320 Estimated Annual Turnover £ 329,378 Deposit £ 6,330 Estimated Fixtures & Fittings Value £ 22,000 Estimated Stock Valuation £ 5,000 Estimated Working Capital £ 3,500 Estimated Total Ingoing Costs £ 36,830 Estimated Minimum Ingoing Costs £ 36,830 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.