Ship & Pelican Exeter
54 Fore Street, Heavitree, Exeter, EX1 2RR
Ship & Pelican Exeter
The subject of a proposed refurbishment, 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, providing excellent trading opportunities to create a mid-week student offer and family friendly offer, emphasising food at the weekends.
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 a great drinks offer. The refurbishment planned on this pub will focus on introducing an excellent food offer to compliment the strong community following. Therefore, the planned refurbishment will include a revamp and upgrading of the catering kitchen to accommodate for the 40+ covers in the pub.
Hospitality Hero's 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 menus, drinks range and offers, you execute a superb retail offer and manage your staff.
Pub Features
Trading Area & Facilities
The pub features a fully equipped catering kitchen which will be revamped as part of the refurbishment and enough floor space to cater for over 40 covers.
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.
Coming Soon - Apply Today to Register your Interest
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 | £ 690,924 |
| Licensee Share of Turnover | % 27.5 |
| Estimated Licensee Share of Turnover | £ 189,977 |
| Less Estimated Wage Costs | £ 169,276 |
| Estimated Pub Profit | £ 144,554 |
| Estimated Licensee Share of Pub Profit (20% of Estimated Pub Profit) | £ 28,911 |
| Estimated On Target Earnings | £ 51,171 |
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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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