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St Annes Well

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St Annes Well

31, Well Street, Exeter, EX4 6QL Pub Code: 2303383101

Pub Code: 2303383101

Investment Tenancy

Est Min Ingoing Costs: £9,042

Annual Rent: £18,500

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Popular wet-led Exeter community pub.

What would you do with this pub to make it a success?

The area

The St Anne’s Well is located in the city of Exeter, close to the city centre. The pub is surrounded by residential housing and student accommodation.

Situated in the heart of a vibrant residential area, the pub benefits from strong footfall from both local residents and students.

Demographics

The pub benefits from being one of several pubs found in an area of around 11,700 adults. The St Anne’s Well customer base is made up of mature local residents and students during term time.

This provides a consistent mix of regular local trade and seasonal student-driven footfall.

The offer

 Available on our foundation tenancy agreement. Click here for more information on this agreement. The potential of this pub lies in maintaining a well thought out drinks offer. What drinks would you look to implement in the pub?

The site currently has the ability to drive trade via live sports, pub games, pool and darts. It offers a selection of popular beers, ciders, wines and spirits.

We’re always open to new ideas, what would you do 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 the pub will have extensive experience in a community hospitality business. They will have a clear vision for their drinks menu, marketing strategy and sports offer 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 pub’s next chapter.

  • Foundation Tenancy

  • Catering Kitchen

  • Live Sports

  • Pub Games

  • Private Accommodation

Trading Area & Facilities

  • Main trading area with bar
  • Pool table and darts facilities
  • 60 internal covers
  • 45 external covers
  • Outside trading area
  • HEINEKEN SmartDispense®
  • Small car park

Private Accommodation

Private accommodation consists of three bedrooms, living room, kitchen, bathroom and office.

Pub Financials Icon

Estimated Total Ingoing Costs

£15,490


Estimated Minimum Ingoing Costs

£9,042

Annual Rent
£18,500
Estimated Annual Turnover
£294,010
Deposit
£4,625
Estimated Fixtures & Fittings Value
£3,365
Estimated Stock Valuation
£4,000
Estimated Working Capital
£3,500
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.

Location:

31, Well Street, Exeter, EX4 6QL

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