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RegisterRefurbishment Planned
Phoenix Exmouth
Exeter Road, Exmouth, EX8 1PT
Pub Code: 0091216101
Key Features
- £246k Planned Investment
- Brand New Scheme
- High Discount Per Barrel
- Free of Tie on Wines & Spirits
Est Min Ingoing Costs: £45,295
Annual Rent: £28,506
More Information
Be the Best High Street Local
The Phoenix, which is due to get a massive renovation to the value of £246k, is located in the centre of Exmouth, with 15,000 adults within one mile of the pub. Exmouth has a growing population of professionals and is a commuter hub for Exeter. The town has recently benefited from significant investment, making this the perfect place for a new, quality High Street pub, with a stand-out offer.
The pub will be completely overhauled inside and out. Outside, a new signage and lighting scheme will be accompanied by a fresh facelift, while an appealing courtyard will be created at the rear of the pub. Inside, all trading areas will be redecorated, from floor to ceiling. Stylish lights and furniture will appeal to diners and drinkers alike. A fresh, quality menu of pub grub will suit this style of venue. As our ambition is to make the Phoenix into the 'Best High Street Local', a number of 'reasons to visit' should feature on a future business plan, such as live sport, music, quizzes and ongoing promotions.
Innovative Operator Wanted
Are you an experienced operator with a passion for excellent customer service? In partnership with Star Pubs & Bars, you will grow your business using your infectious enthusiasm, passion for quality and world-class customer service. Former experience running a similar site is preferable.
The Phoenix, which is due to get a massive renovation to the value of £246k, is located in the centre of Exmouth, with 15,000 adults within one mile of the pub. Exmouth has a growing population of professionals and is a commuter hub for Exeter. The town has recently benefited from significant investment, making this the perfect place for a new, quality High Street pub, with a stand-out offer.
The pub will be completely overhauled inside and out. Outside, a new signage and lighting scheme will be accompanied by a fresh facelift, while an appealing courtyard will be created at the rear of the pub. Inside, all trading areas will be redecorated, from floor to ceiling. Stylish lights and furniture will appeal to diners and drinkers alike. A fresh, quality menu of pub grub will suit this style of venue. As our ambition is to make the Phoenix into the 'Best High Street Local', a number of 'reasons to visit' should feature on a future business plan, such as live sport, music, quizzes and ongoing promotions.
Innovative Operator Wanted
Are you an experienced operator with a passion for excellent customer service? In partnership with Star Pubs & Bars, you will grow your business using your infectious enthusiasm, passion for quality and world-class customer service. Former experience running a similar site is preferable.
Trading Area & Facilities
Inside, all trading areas will be redecorated, from floor to ceiling. Stylish lights and furniture will appeal to diners and drinkers alike. The open plan layout will feature a number of different, designated trading spaces such as a warm & cosy seating area at the front, seated booths with private screens will follow and finally, a sports area will be at the rear. A new commercial kitchen will be installed which will allow the operator to deliver a tasty menu.
Outside, a new signage and lighting scheme will be accompanied by a fresh facelift, while an appealing beer courtyard will be created at the rear of the pub.
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).
Outside, a new signage and lighting scheme will be accompanied by a fresh facelift, while an appealing beer courtyard will be created at the rear of the pub.
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 and bathroom, together with a self-contained bed-sit with bathroom. As part of the refurbishment, the following works will be completed:
- Strip and replace floor coverings;
- Full redecorations;
- Replace bathroom suite;
- Replace domestic kitchen
Premises Licence Details
Extended trading hours over public holidays. See licence for full details.
Premises Licence Opening Hours
| Mon | Tue | Wed | Thu | Fri | Sat | Sun |
|---|---|---|---|---|---|---|
|
10:00 - 00:30 |
10:00 - 00:30 |
10:00 - 00:30 |
10:00 - 00:30 |
10:00 - 00:30 |
10:00 - 00:30 |
12:00 - 00:30 |
| Annual Rent | £ 28,506 |
| Estimated Tenants Annual Operating Profit | £ 32,505 |
| Representative HEINEKEN UK Brand Discount Per Barrel | £ 175 |
| Estimated Annual Turnover | £ 458,513 |
| Estimated Annual Barrelage | 226 |
* 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
** All figures quoted are exclusive of VAT
| Ingoing Costs | |
|---|---|
| Estimated Licensee Fixtures and Fittings Value | £ 30,000 |
| Estimated Fixtures and Fittings Valuation Fee | £ 250 |
| Estimated Stock Valuation | £ 6,000 |
| Deposit Amount | £ 7,127 |
| Rent in Advance | £ 548 |
| Training Fee | £ 425 |
| Estimated Designated Premises Supervisor / Manager Fee | £ 60 |
| Premises Licence Fee | £ 350 |
| Rates Assessment Fee | £ 55 |
| Estimated Legal Fees | £ 650 |
| Estimated Total Ingoing Costs | £ 45,295 |
| Estimated Minimum Ingoing Costs | £ 45,295 |
In order to ensure a successful start-up, all applicants must have a minimum £10,000 un-borrowed funds.
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 are not included in the rent model or ongoing costs below.
Note that on FRI 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.
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 are not included in the rent model or ongoing costs below.
Note that on FRI 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.
| Other SP&B Ongoing Charges | |
|---|---|
| Estimated Annual Building Insurance | £ 1,671 |
| Estimated Annual Maintenance Compliance Charge | £ 1,862 |
| Estimated Annual Accountancy & Stocktaking Charge (including tills) |
£
4908
|
| Estimated Annual Repairs Fund | £ 1300 |
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
** 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
* 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
To apply for this pub or for additional information, please contact us directly
Freephone:
08085 94 95 96
Email us at
enquiries@starpubs.co.uk
Or visit
www.starpubs.co.uk
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