tenancy
West Pier, Newhaven BN9 9DN, UK
Approx. Total Ingoings
£13,500Annual Rent
£32,000The Hope Inn is a large seaside pub, situated in the East Sussex town of Newhaven. Famous for its port and passenger ferry to Dieppe in France, the area is surrounded by chalk downland, which includes the famous Seven Sisters Cliffs and the Cuckmere Valley. The pub is positioned at the end of the River Ouse and benefits from views of the popular West Quay Beach, making it an ideal spot for tourists and locals alike to enjoy a drink and bite to eat. This is the ideal pub for an experienced publican with good local knowledge to help maximise this pubs potential.
Private Accommodation: The private accommodation is spacious and comprises three double bedrooms, a lounge, separate kitchen and bathroom.
Indoor trading area
The pub benefits from a large central bar servery with open plan trade areas for approximately 45 covers, creating a light and airy feel throughout. The well-equipped trade kitchen and a 40 cover dining area upstairs are well suited to offering a qualify food menu. The first floor also boasts fantastic views over the English Channel and provides an excellent spot to enjoy a good evening meal. The décor of the pub is traditional and isn’t short of character, with the walls and bar adorned with photographs and various seaside memorabilia. A selection of both fixed and loose seating offer comfortable options for customers in which to relax after a long day exploring the nearby coastline. The pub has previously hosted live music, with local bands entertaining customers of an evening.
Outdoor trading area
Externally the pub makes use of its beautiful seaside location with an elevated patio to the front offering fantastic views and is a welcoming spot in warmer months. Furthermore, a large grassed area is also being maintained and used by the pub, which is perfect for families. The site also has its own car park with space for approximately 20 vehicles.
Regional Manager Comments
The pub has an established customer base of locals whilst also attracting destination and tourist trade. The business is currently driven by both wet and dry sales, with scope existing to further develop the food offer in order to appeal to customers from further afield. The pub would ideally suit an experienced publican with a strong food background to help drive this great pub forward.
Retail Partnership Tenancy
Beer Garden Private Accommodation Kitchen Parking Cask Ale
Approx. Total Ingoings
£13,500
Annual Rent
£32,000
Potential Turnover: £443,000 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.
Guide Rent: £32,000 per annum, payable weekly in advance.
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: £13,500 (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: £15,000 (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.
