Investment Planned

Falcon

45 Marine Parade, Southend-on-Sea, Essex, SS1 2EN

Gallery

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Pub overview

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

**Rent to be confirmed**

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.

Trade space
Bars 1
Patio areas 1

Above the pub the principle living area overlooks the sea, there is a separate kitchen and bathroom with 5 bedrooms.

Private space
Private Rooms12
Lounge1
Double bedrooms5
Private Kitchen1
Bathrooms2
Toilets2

Rent information

Annual rent£0
Weekly rent£0 per week fixed
Notes

**Rent to be confirmed**

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.

Brokers£675Legal£825
Deposit£6,000Stocktaking fees£150
Fixtures & fittings£8,000Working capital£6,000
Other costs£1,900Total entry cost£23,550

Agreement description

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.

Trading volumes

YearBeer (Brls)Wine & spirits (Ltrs)Minerals (Ltrs)
2017/181701,2493,326
2016/172031,3934,508
2015/162101,0863,243
Volume notes

Location

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.

Facilities

Trade bar
Trade patio

Current premises licence opening hours

Monday - Saturday - 10:00hrs to 23:30hrs Sunday - 12:00hrs - 23:00hrs

Contact Us

Sarah Barron

Business Development Manager

Call the Recruitment team on 01284 714 497

Apply online
“ I am looking ideally for an experienced hands on operator for this seasonal pub. Successful applicants need to take pride in delivering a great drinks range and be able to work with the community and tourists alike. You should be able to adapt both operationally and financially with a seasonal business. ”