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A pub management company is seeking operators for a newly refurbished pub in Southend-on-Sea. The Spread Eagle aims to build a community-driven atmosphere with a range of drinks and events. Ideal candidates will engage with locals, ensuring a welcoming venue. An investment tenancy agreement is offered with estimated annual rent of £23,902.
Pub Overview
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. 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.
Features
Trading Area & Facilities: The Spread Eagle will be undergoing a refurbishment which will cover the interior and exterior of the pub. The pubs trading area and facilities post refurbishment will be:
Private Accommodation: Private accommodation consists of 3 bedrooms.
Pub Financials: 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.
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