Ship & Pelican Exeter
54 Fore Street, Heavitree, Exeter, EX1 2RR
Ship & Pelican Exeter
The Ship and Pelican is located on the main road into the city of Exeter. With a population of around 125,000, this prime corner plot high street location presents a fantastic opportunity to generate income through both passing trade and local residents. The demographic of this area is largely mixed, with both students and suburban families living in the surrounding area.
The planned refurbishment will see a celebration of period features and help emphasise the friendly community atmosphere. This will include new furniture and external decoration. A full internal redecoration is planned, including new floor finishes and 'sparkle schemes' to both Ladies' and Gents' WCs. Enhanced TV points and improved darts and pool areas will make the pub an ideal location for relaxation and entertainment.
The Ship and Pelican is currently successfully trading as a 100% wet-led community pub and has a strong community following through several sports teams and great drinks offer. The planned refurbishment will ensure that it maximises this trade, making it a warm and welcoming local with a focus on sports and community events.
Hospitality Heroes Wanted!
Just Add Talent is an ideal opportunity for hard-working, talented people to take on their own pub business. The pub offer is centrally driven by us and locally executed by you. We bring the drinks range and offers, you execute a superb retail offer and manage your staff.
Please be aware that all refurbishments are subject to final board approval which will be determined as part of the leasing process
Pub Features
Trading Area & Facilities
Externally, the pub features a large car park which is a real advantage for a high street pub. There is also a large courtyard that allows outdoor trade in the warmer months.
Private Accommodation
Premises Licence 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 - 01:30 | 10:00 - 01:30 | 10:00 - 00:30 |
Financials
| Estimated Total Turnover | £ 436,597 |
| Licensee Share of Turnover | % 22.5 |
| Estimated Licensee Share of Turnover | £ 98,234 |
| Less Estimated Wage Costs | £ 72,793 |
| Estimated Pub Profit | £ 80,323 |
| Estimated Licensee Share of Pub Profit (20% of Estimated Pub Profit) | £ 16,065 |
| Estimated On Target Earnings | £ 41,516 |
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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). The above figures and the rent model assume that the agreement includes an arrangement to share machine income. All of our pubs in England & Wales are available without a machine income share agreement and this can be negotiated as part of the commercial agreement. * All figures quoted are exclusive of VAT ** FMOP = Fair Maintainable Operating Profit |
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