45 Marine Parade, Southend-on-Sea, Essex, SS1 2EN
A characterful traditional seaside pub located directly on Southend Seafront, home of the world's longest pier! Investment planned.
The Falcon is a traditional pub that services the local community throughout the year with a substantial increase in trade throughout the Spring/Summer months from tourists and visitors to this seaside location.
We have a planned investment to refresh the décor both internally and externally.
The pub does not have a kitchen, so the focus is on great quality drinks and service. There is however an opportunity to introduce easy to serve bar snacks e.g. Scotch eggs, Sausage Rolls, Pies etc
The bar is sea facing with seating at the front and a pool table to the side, there is room for 5 tables outside. There is a covered smoking area at the back of the pub. Currently the pub shows sport and has pool and darts teams.
Above the pub the principle living area overlooks the sea, there is a separate kitchen and bathroom with 5 bedrooms.
|Annual rent||£25,000 per annum|
|Weekly rent||£480.77 per week fixed|
£25,000 per annum, £480.77 per week fixed and subject to annual RPI increase, which is capped. Paid weekly by direct debit.
Entry costs approx £23,550 which includes fixtures and fittings, stock, glassware, crockery, cutlery, fuel and cleaning materials, legal, brokers and stocktaking fees, training fees, schedule of condition, working capital and deposit (25% of head rent, minimum £6,000). ** Please note the successful applicant will need to be able to fund additional Fixtures and Fittings to go with the refurbishment/investment planned.
|Fixtures & fittings||£8,000||Working capital||£6,000|
|Other costs||£1,900||Total entry cost||£23,550|
Standard Tenancy Agreement
A fixed 5 year term agreement which is contracted out of the Landlord and Tenant Act 1954
•Tie variations available
•Rent set at the start of the agreement, subject to the annual Retail Prices Index (RPI) which is capped
•Flexible pricing options available
•Greene King is responsible for the structure of the building
•Ability to end agreement with 6 months notice at any time with standard notice fee equal to 3 months rent
You will need to estimate the turnover you expect to achieve from the pub, with regard to food and accommodation (if applicable). Barrelage figures are given to assist you with calculations.
Calculators to help you are available on the business planning section of our website.
|Year||Beer (Brls)||Wine & spirits (Ltrs)||Minerals (Ltrs)|
Southend is the seventh most densely populated area in the United Kingdom outside of the London Boroughs. With fast train links to central London, Southend is popular with tourists and commuters with house prices in 2012 showing the highest rises in the UK.