13 Terminus Terrace, Southampton, Hampshire, SO14 3DT
Town centre venue with designated bar area, separate restaurant and 14 en-suite letting rooms in prime Southampton location.
The Flying Dutchman is an established business that benefits from local and occasional drinkers, functions guests, sports viewing customers, Southampton Football Club supporters and a wide variety of consumers staying in the excellent letting accommodation. Fully recently refurbished to a high standard this site trades alongside the businesses located in bustling nearby Oxford Street.
*Please note, although the entry costs are £62,500, we would accept someone with a minimum investment of £20,000.*
This is a 2 bar operation with well appointed and recently refurbished restaurant and bar areas. Each trading area is serviced by its own toilets and entrance and hence can be used for private functions. The restaurant / function area can seat 60 comfortably and the bar is of a similar size. There are 14 letting rooms of which there are 2 singles, 7 doubles, 4 superior doubles and 1 suite. The letting accommodation can be accessed by separate entrance / exit. The 'open' commercial kitchen is located next to the restaurant and there is an extensive basement cellar with storage areas. There is a small yard area that can be further enhanced and potentially used as a smoking solution and a section of the pavement area adjoining the site can be used for external trading (subject to local authority approval and the continued granting of a pavement licence). There is an office and additional storage located on the first floor.
|Rooms to let||14|
There is no private living accommodation with this site unless some of the letting accommodation is utilised.
|Annual rent||£15,000 per annum|
|Weekly rent||£288.46 per week fixed|
£15,000 per annum, £288.46 per week fixed and subject to annual RPI increase, which is capped. Weekly royalty payment of 7.5% of net turnover as well as weekly rent. Paid weekly by direct debit.
Entry costs approx £62,500 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, we would accept someone with a minimum investment of £20,000.*
|Fixtures & fittings||£50,000||Working capital||£5,000|
|Other costs||£3,150||Total entry cost||£62,500|
Flexible Foundation Agreement - giving you the ability to build trade and have lower ingoing costs. Flexible terms available by negotiation.
You will need to estimate the turnover you expect to achieve from the pub, with regard to food, drinks and accommodation sales. 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)|
|Volume notes||Please note this site was free of tie for wines, spirits and minerals.|
The venue is situated on the busy junction of Terminus Terrace in central Southampton. Located next to Oxford Street this is a very sought after trading address. With its well appointed letting accommodation the Flying Dutchman is a popular 'stop over' for commuters to the Isle of Wight and especially passengers booked onto cruises sailing from the historic Southampton Docks which is only circa 5-10 minutes away. The house is also one of the nearest venues to Southampton Football Club stadium and benefits greatly before and after each home match. Its city centre location ensures it is near all local amenities with excellent sea, road (M27 & M3) and rail links only minutes away.