Railway Hotel Southend
Clifftown Road, Southend On Sea, SS1 1AJAgreement Type:
Long-Term FRI Lease
View details for Railway Hotel Southend
Spread Eagle Southend On Sea
Spread Eagle Southend On Sea
267, Victoria Avenue, Southend On Sea, SS2 6NE Pub Code: 2302581101
Pub Code: 2302581101
Investment TenancyEst Min Ingoing Costs: £30,476
Annual Rent: £23,902
The area
The pub is one of 7 pubs found in an area of around 7,560 adults. The customer base is made up of a range of customers of mainly medium affluence.
The pub is located just outside the town centre, next door to Southend Football Club.
The offer
The Spread Eagle is available on our investment tenancy agreement. Click here for more information on this agreement.
A full refurbishment inside and out, including a newly designed external courtyard, will transform the Spread Eagle into a high-quality community wet-led pub. The offer will include a range of drinks including beers, ciders, wines and spirits as well as low and no alcohol options. It will have a coffee offer and simple bar snacks to compliment the drinks selection.
We would expect the new operator to maintain a strong community focus, introducing a lively calendar of events including live sports, quizzes, pool, and darts. Its welcoming, social atmosphere will make it ideal for locals looking for a go-to venue to meet friends.
We’re always open to new ideas, what would you do to drive trade?
Attitude is more valuable than experience. If you’ve got the following, we’d love to hear from you.
- Understanding of the local community
- You know what it takes to build a successful business
- You love hospitality and are great with 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
The Spread Eagle will be undergoing a refurbishment which will cover the interior and exterior of the pub.
A full list of works and pub floor plan can be found in the ‘refurbishment details’ in the downloads.
The pubs trading area and facilities post refurbishment will be:
- Main trading area with bar
- 68 internal covers
- 58 external covers
- Function room
- SmartDispense
- Extensive courtyard garden
Applicants should be aware that all refurbishments are subject to final board approval which will be determined as part of the leasing process. Where a significant investment is made in a pub by Star Pubs, an "Investment Exemption" will be required. The exemption means that the option of a Market Rent Option lease won't be available at rent review for a period of up to seven years for this site, as per The Pub Code (2016).
Private Accommodation
Private accommodation consists of 3 bedrooms.
Estimated Total Ingoing Costs
£30,476
Estimated Minimum Ingoing Costs
£30,476
Annual Rent
£23,902
Estimated Annual Turnover
£379,117
Deposit
£5,976
Estimated Fixtures & Fittings Value
£16,000
Estimated Stock Valuation
£5,000
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.
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:
267, Victoria Avenue, Southend On Sea, SS2 6NE
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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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