Phoenix

Exeter Road, Exmouth EX8 1PT

  • Phoenix Exmouth
  • Phoenix Exmouth
  • Phoenix Exmouth
  • Phoenix Exmouth
  • Phoenix Exmouth

Phoenix

Craft Beer House

The Phoenix is located in the centre of Exmouth in a densely populated area with 15,000 adults within one mile of the pub. Exmouth has a growing population of professionals, is a commuter hub for Exeter and has recently benefited from significant investment, making this the perfect place for a trendy new pub with a stand-out offer.

An extensive refurbishment inspired by the craft beer house style will transform The Phoenix into a unique and contemporary pub which aims to bring the trendy London drinking scene to Exmouth. The bar area will be completely refurbished with a distressed and edgy vibe, offering the perfect space for customers to enjoy drinks and the new casual, street food offer. This, combined with a brand-new indoor garden courtyard featuring hanging chairs and a games area, will appeal to those looking for something new and exciting.

Innovative Operator Wanted

Are you an experienced operator with a passion for craft beer? 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.

Pub Features

  • Rolling Tenancy
  • Music Venue
  • Refurbishment Planned
  • Catering Kitchen
  • Private Accommodation
  • Pub Games
  • Cask Ale
  • Weekly Billing

Trading Area & Facilities

The bar area will be completely redecorated to create an edgy, vibrant, craft beer house style environment where customers can socialise and enjoy the range of quality drinks and craft beers on offer. A brand-new courtyard garden area will be created internally to the rear of the pub, providing a fantastic area for groups of friends to enjoy the lively atmosphere. This space will include a games area, hanging chairs and sections of Astro Turf.

A brand-new, quality food offering, including light-bites, sharing platters, chicken wings, chips and pizza, enabled by the new
open kitchen.

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 a two bedrooms, lounge, kitchen and bathroom, together with a self-contained bed-sit with bathroom.

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

Financials

Annual Rent £
34,500
Estimated Annual FMOP (Licensee Profit) £
36,782
Representative HEINEKEN UK Brand Discount Per Barrel £
150
Estimated Annual Turnover £
425,038
Estimated Annual Barrelage
280

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 £
30,000
Estimated Fixtures & Fittings Valuation Fee £
250
Estimated Stock Valuation £
8,000
Deposit Amount £
8,625
Rent In Advance £
663
Training Fee £
1,000
Estimated Designated Premises Supervisor / Manager Fee £
60
Premises Licence Fee £
350
Rates Assessment Fee £
55
Estimated Legal Fees £
650
Estimated Total Ingoing Costs £
49,653
Estimated Minimum Ingoing Costs £
25,000

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 £
1,530
Estimated Annual Maintenance Compliance Charge £
874
Estimated Annual Accountancy & Stocktaking Charge (including tills) £
6,108

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
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