St Annes Well
St Annes Well
31, Well Street, Exeter, EX4 6QL Pub Code: 2303383101
Pub Code: 2303383101
Investment TenancyEst. Annual Turnover: £295,847
Annual Rent: £18,500
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.
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
With our 5 Star Promise, the rent at the start of your agreement is fixed until the end of its initial term.
Indicative entry costs range from**:
£11,042 - £17,490
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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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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