Pepper"s Ghost Leyton

777 High Road Leyton, London, London E10 5AB

  • Pepper's Ghost Leyton
  • Pepper's Ghost Leyton
  • Pepper's Ghost Leyton
  • Pepper's Ghost Leyton
  • Pepper's Ghost Leyton
  • Pepper's Ghost Leyton
  • Pepper's Ghost Leyton

Pepper"s Ghost Leyton

Pepper's Ghost in Leyton East London was transformed by refurbishment to an excellent standard in summer 2016. This is a quintessential 21st century London pub in an area that is being invested in itself. With a good range of lagers, cask ales, wines and craft beers, and a snappy food menu featuring freshly prepared burgers, sharing platters and pub snacks. Key to the success of Pepper's Ghost will be engagement with local charities, businesses and organisations. Food is a big driver during weeknights and on Sundays in particular thanks to the pub's signature roast dinners. Lunchtime trade remains an opportunity for further gain. The pubs surround a good mix of demographics so this pub can offer something for everyone.

Pub Features

  • Rolling Tenancy
  • Music Venue
  • Catering Kitchen
  • Live Sports
  • Long-Term FRI Lease
  • Outdoor Trade
  • Private Accommodation
  • Cask Ale
  • Weekly Billing
  • Monthly Billing

Trading Area & Facilities

Pepper's Ghost is an open plan trading operation with a fully equipped kitchen that caters for circa 40 covers. The recent refurbishment has transformed the pub with cool blues and greens to contrast against the natural wooden finishes. Being on a busy corner plot with large panoramic windows, the pub is a people watchers dream. Even the pavement beer garden has benefitted from the investment and gives great kerb appeal.

Private Accommodation

The private accommodation consists of 3 bedrooms, kitchen & bathroom and a lounge and where required there will be appropriate works carried out in line with the Star Pubs & Bars Ready to Trade Promise.

Premises Licence Details

Please refer to the Premises Licence for further details.

Premises Licence Opening Hours

Mon Tue Wed Thu Fri Sat Sun
12:00 - 23:00 12:00 - 23:00 12:00 - 23:00 12:00 - 12:00 - 00:00 12:00 - 00:00 12:00 - 23:00

Financials

Annual Rent £
34,500
Estimated Annual FMOP (Licensee Profit) £
36,397
Representative HEINEKEN UK Brand Discount Per Barrel £
100
Estimated Annual Turnover £
405,669
Estimated Annual Barrelage
220

The above figures are provided as a guide only and will be finalised as part of the commercial agreement (please download the rent model from Trading Information section for full financial details).

Historical volume figures may not include purchases made through 3rd Parties.

** All figures quoted are exclusive of VAT

*** FMOP = Fair Maintainable Operating Profit

Investment

Ingoing Costs
Estimated Licensee Fixtures & Fittings Value £
15,000
Estimated Fixtures & Fittings Valuation Fee £
250
Estimated Stock Valuation £
4,000
Deposit Amount £
8,625
Rent In Advance £
2,875
Training Fee £
1,000
Estimated Designated Premises Supervisor / Manager Fee £
60
Premises Licence Fee £
180
Rates Assessment Fee £
55
Estimated Legal Fees £
650
Estimated Total Ingoing Costs £
32,695
Estimated Minimum Ingoing Costs £
12,070

In order to ensure a successful start-up, all applicants must have a minimum £10,000 un-borrowed funds.

The Estimated Licensee Fixtures & Fittings (F&F) Value assumes that the pub will be let on a Rolling Tenancy or Business Start-Up Agreement, where we own the majority of the F&F. The F&F Value for Full Repairing & Insuring Leases will be significantly more.

The calculation of the Estimated Minimum Ingoing Costs assumes a minimum deposit of 1 month's rent or £3,000 (whichever is greater) and that fixtures and fittings (F&F) are rented. The subsequent deposit build up and F&F rental costs are not included in the rent model or ongoing costs below.

Other SP&B Ongoing Charges
Estimated Annual Buildings Insurance £
TBC
Estimated Annual Maintenance Compliance Charge £
TBC
Estimated Annual Accountancy & Stocktaking Charge (including tills) £
5,950

The above figures are provided as a guide only and will be finalised as part of the commercial agreement (please download the rent model from Trading Information section for full financial details)

* All figures quoted are exclusive of VAT

** Deposit build up will be payable over a maximum of 24 months

*** Fixtures and Fittings annual rental fee should be estimated at 15% of the F&F value. The actual F&F value will be determined on the day of entry

**** Maintenance Compliance Charge relates to the fees for various statutory inspections

***** Estimated Legal Fees is a charge applied to your account by SP&B for creation of your Lease. You are required to engage and pay for your own solicitor - your solicitor's fees are not included in the above estimate

****** The above figures assume that rent is billed weekly in advance and that Star Pubs & Bars retain ownership of large fixtures and fittings. Initial costs for a Fully Repairing and Insuring lease will be higher as rent is invoiced monthly in advance and all fixtures and fittings must be purchased