Farm Tavern

13 Farm Road, Hove, East Sussex, BN3 1FB

A TRUE COMMUNITY LOCAL

The Farm Tavern at Hove is small community local, located just off of Hove High Street. The site is very traditional, with a small food offer and bias towards cask and craft beer. The new operator will be able build upon these solid foundations and perhaps introduce a USP to differentiate itself from the varied local competition. The site is smartly presented and has some well thought out decoration and design throughout the trade space.

Location

Hove is a tranquil, upmarket destination which has a swathe of pebble beach and a broad promenade lined with colourful beach huts. The seafront is backed by Western Lawns, a green strip with a skatepark and a small lagoon. Eateries including chain pizzerias, late-night kebab houses and creative bistros line Church Road, while family-friendly Hove Museum and Art Gallery displays vintage toys. The Farm Tavern is located on residential road, just off of the High Street

Business Information

Annual rent

£32,500

Weekly rent

£625

Entry costs

£46,300

Turnover royalty

n/a

Forecasted Operator Turnover

£278,983

Forecasted Operator Profit (inc machine profit)

£30,448

Forecasted Operator Machine Profit

£0

Average Beer & Cider Discount*

£36

Type of Tie

Full tie: Access to Discounted Wines, Spirits & Minerals Price List

Agreement

Standard Tenancy Agreement A fixed 5 year term

Entry costs approximately £46,300.00, which includes stock, glassware, crockery, cutlery, fuel and cleaning materials, legal, brokers and stocktaking fees, training fees, schedule of condition, working capital and deposit which is 25% of head rent. Fixtures and Fittings are valued at approximately £12,000 and the final valuation will be confirmed on change day. An assisted purchase of F&F may be available with a 25% deposit on change day and weekly re payments to purchase the remaining 75% over an agreed period

Deposit

£8,125

Fixtures & Fittings

£12,000

Legal Admin Fee

£825

Broker Fee

£750

Stocktaking Fee

£150

Working Capital

£20,000

Other Costs

£4,450

Total Entry Costs

£46,300

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. All figures represent products bought from Greene King only. **Please note trading volumes for year 2020 are for part year trading and reflect the impact of closure during the Covid 19 pandemic**

Year Beer (Brls) Wine & Spirits (Ltrs) Minerals (Ltrs)
2020 36 0 74
2019 103 0 217
2018 92 0 123

The trade space is small and narrow and is split over two floors. There are approximately thirty covers on the ground floor and a further twenty on the first floor. The first floor space can double up as a function or meeting room. Externally, there is a small frontage with space for two benches.

Trade Bars

1

Trade Dining Areas

1

Trade Kitchens

1

Trade Food Covers

50

Trade Gardens

0

Trade Patio Areas

1

Trade Rooms to Let

0

Meeting Rooms

1

External Child Play Areas

0

Function Rooms

1

Customer Car Park Spaces

0

Current Premises License Opening Hours

Sun-Thu: 10:00-01:00
Fri-Sat: 10:00-02:00

The accommodation is in good condition and comprises two bedrooms, kitchen, lounge, bathroom and toilet

Private Rooms

6

Lounge

1

Dining Rooms

0

Double Bedrooms

1

Single Bedrooms

1

Bathrooms

1

Toilets

1

Private Kitchens

1

Offices

0

Bedsits

0

BDM Portrait

I am searching for a community focused operator who can deliver a small food offer and really get involved with the locals. This is a small operation and is very popular with local residents, especially on Sunday lunchtimes. If you would like to discuss this opportunity further, please contact the recruitment team

Andre Quibell, Operations Manager

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