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Malt House Seaton

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Malt House Seaton

The Square, Seaton, EX12 2NX Pub Code: 0091560101

Pub Code: 0091560101

Foundation Tenancy

Est Min Ingoing Costs: £12,052

Annual Rent: £30,626

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A Traditional pub with beams and a warm and welcoming feel in a great location.

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

The Area:

The Malt House is ideally located in the seaside town of Seaton, between Axmouth to the East and Beer to the West and is on the Jurassic Coast. The pub is surrounded by shops, food and retails outlets and mixed housing.

Demographics:

The pub benefits from being one of nine pubs found in an area of around 6,000 adults. The majority customer base is made up of midlife and mature adults and visitors to the area. 

The Offer:

Available on our foundation tenancy agreement. Click here for more information on this agreement. The potential of this pub lies in introducing a well thought through 50/50 food & drinks offer 
The site is currently trading as a wet lead operation only but has the ability to drive trade further by introducing a good food offer to go along with its current drinks offer 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 previous experience in a high street hospitality business. They will have a clear vision for their marketing strategy and food & drinks menu 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

  • Outdoor Trade

  • Private Accommodation

Trading Area & Facilities

  • Main trading area with bar
  • Separate dining room
  • 60 internal covers
  • 16 external covers
  • Catering kitchen
  • HEINEKEN SmartDispense
  • Pavement trading area to the front of the pub 
 

Private Accommodation

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

Pub Financials Icon

Estimated Total Ingoing Costs

£36,156


Estimated Minimum Ingoing Costs

£12,052

Annual Rent
£30,626
Estimated Annual Turnover
£490,244
Deposit
£7,656
Estimated Fixtures & Fittings Value
£19,000
Estimated Stock Valuation
£6,000
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:

The Square, Seaton, EX12 2NX

Google map location image of Malt House Seaton
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