tenancy
1-2 Clarence Gardens, Brighton BN1 2EG, UK
Approx. Total Ingoings
£12,000Annual Rent
£25,000The Pull & Pump is an attractive pub centrally positioned in Brighton, one of the most sought-after trading areas in the South East of England. The pub has the potential to attract quality trade from a variety of markets including tourists, locals, shoppers and students with its excellent drinks offer. The stylish yet quirky internal trade area boasts a cosy central bar and an inviting outdoor beer patio. The successful applicant will build on the current customer base and has the capability to successfully target a wider market.
Private Accommodation: The private accommodation is located on the first floor. There are three bedrooms, a lounge, kitchen and bathroom.
Indoor trading area
The Pull & Pump is a traditional yet stylish one bar operation. The cosy yet imposing central bar servery offers a range of eclectic mix of quality cask and craft beers with an extensive wine and spirits offer. The current offer is wet-driven with no commercial kitchen however, there is the potential and demand to host live music and entertainment, although due to licensing this must be drawn to a close by 11pm.
Outdoor trading area
The pub frontage is attractive and well looked after and has good kerb side appeal, visible from the main road and features an inviting outside seating area for guests to enjoy drinks alfresco. Due to its prime location, there is no car park on site however, there is plenty of public car parking nearby.
Regional Manager Comments
The Pull & Pump is in an ideal location to attract tourists, shoppers, local residents and the considerable Brighton student population. This is a fantastic business in terms of its location and the demographic this pub can attract, we are looking for experienced applicants who can clearly demonstrate how they are going to target and attract those markets to generate revenue.
Retail Partnership Tenancy
Private Accommodation Cask Ale
Approx. Total Ingoings
£12,000
Annual Rent
£25,000
Potential Turnover: £333,000 per annum
This is an estimate of the potential annual turnover of the pub business. It does not include the financial benefits of any living accommodation, which you will need to consider.
Introductory Rent: £25,000 per annum, payable weekly in advance.
This pub needs personal investment of time, effort and skills to realise its potential. Our vision for this pub is a business capable of sustaining a rent of £30,000 per annum.
The Proposed Agreement: Retail Partnership Tenancy
The Landlord is prepared to discuss other Partnership agreements.
They will also discuss your purchasing options (Wines, spirits, cask, minerals and flavoured alcoholic beverages) which you can choose all, a combination or none. Tie release fees will apply.
Estimated Capital Start-up: £12,000 (excl VAT)
Often referred to as ingoings. Includes stock & glassware at valuation, deposit, refundable at the end of your agreement dependent upon your account being in good order. Up to 2 weeks rent and other contractual charges will be payable in advance. Please note, the actual deposit payable will be 25% of the final agreed rent.
In addition you will need to provide funds for professional advice and a level of working capital - the amount will be dependent on your business plan.
Estimated Fixtures and Fittings Value: £7,000 (excl VAT)
To be discussed with the Regional Manager.
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Originally formed in 2010 with 333 pubs, Stonegate Group is now the largest pub company in the UK following 12 major acquisitions. Our vast portfolio is now home to over 4,500 sites which range from Leased & Tenanted to Managed. We strongly believe that the pub is at the heart of British culture and we strive to deliver a fantastic customer experience.
