---

---

Location

Newhaven, East Sussex | United Kingdom

---

Job description

Pub Overview

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

The area

The Basil's pub is in the village of Newhaven, close to the harbour. The pub is surrounded by residential housing.

Demographics

The pub benefits from being one of 7 pubs found in an area of around 5,838 adults. There has been a lot of new residential development in the last 5 years which has encouraged more young professionals to move Newhaven.

The offer

Available on our business start-up agreement. Click here for more information on this agreement . The potential of this pub lies in attracting both people who live in the area and visitors to this attractive part of the city by the Forth. What food & drinks would you look to implement in the pub? The pub has attractive premium drinks offer and a good reputation for quality food. These are available in modern comfortable surroundings both internally and externally.

The site currently could drive trade via activities such as weekly quiz night, music entertainers and themed food promotions/events. The introduction of trams from the city centre will increase footfall and the opportunity develop the business.

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 experience of running a quality food operation within a pub environment. Local knowledge of the area would be an advantage and willingness to drive evening drinks sales.. They will have a clear vision of the direction which the pub should take given the new developments in the local area

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…

Features

• Foundation Tenancy
  
• New Deal
  
• Catering Kitchen
  
• Music Venue
  
• Outdoor Trade
  

Trading Area & Facilities

• Main trading area with bar - L shaped
• 45 internal covers
• 20 external covers
• Open galley catering kitchen
• Smart Dispense

Private Accommodation

The pub has no private accommodation

Pub Financials

Annual Rent £
44,374
Estimated Annual Turnover £
534,072
Deposit £
11,093
Estimated Fixtures & Fittings Value £
28,450
Estimated Stock Valuation £
3,000
Estimated Working Capital £
3,500
Estimated Total Ingoing Costs £
46,043
Estimated Minimum Ingoing Costs £
10,197

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.

---

Job tags

---

---

Salary