Wellington

33 Steyne Road, Seaford, East Sussex, BN25 1HT

A beautiful building, with huge potential and letting rooms

Seaford is a traditional seaside town, on the south coast. It is located between Eastbourne and Brighton and within close proximity of the South Downs national park. This quirky traditional Inn has all the revenue streams you could wish for. Firstly, there is a strong wet trade which can be maintained and improved upon. The trading space has a sports bar and lounge bar with strong regular trade and offers a traditional pub atmosphere with lovely open fires. The restaurant is well established and busy at meal times and is popular with residents and passers-by. Finally, there are four letting rooms and a function room, ideal for parties and other events.

Location

Business Information

Annual rent

£40,000

Weekly rent

£769

Entry costs

£39,875

Turnover royalty

n/a

Forecasted Operator Turnover

£488,891

Forecasted Operator Profit (inc machine profit)

£39,019

Forecasted Operator Machine Profit

£5,500

Average Beer & Cider Discount*

£72

Type of Tie

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

Agreement

Standard Tenancy Agreement A fixed 5 year term agreement

Entry costs approximately £39,875.00, 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 £22,000 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

£10,000

Fixtures & Fittings

£22,000

Legal Admin Fee

£825

Broker Fee

£750

Stocktaking Fee

£150

Working Capital

£5,000

Other Costs

£1,150

Total Entry Costs

£39,875

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. **Please note trading volumes for year 19/20 are for part year trading and reflect the impact of closure during the Covid 19 pandemic**

Year Beer (Brls) Wine & Spirits (Ltrs) Minerals (Ltrs)
2019/20 166 3 0
2018/19 254 0 0
2017/18 320 1 7

The Wellington has three distinct areas a sports bar, lounge bar and restaurant/ breakfast room (with small bar). The sports,lounge bar and restaurant offer a traditional pub atmosphere with open fires and views out across the sea.

Trade Bars

Yes

Trade Dining Areas

Yes

Trade Kitchens

Yes

Trade Food Covers

65

Trade Gardens

No

Trade Patio Areas

No

Trade Rooms to Let

4

Meeting Rooms

No

External Child Play Areas

No

Function Rooms

Yes

Customer Car Park Spaces

0

Current Premises License Opening Hours

Sun-Wed: 10:00-23:40
Thu: 10:00-00:30
Fri-Sat: 10:00-02:30

The private accommodation is large and spacious with three large bedrooms, a kitchen, living room, bathroom and a roof terrace. There is ample room for a family to live. Alongside this there are several offices and accommodation for the night porter or staff.

Private Rooms

9

Lounge

Yes

Dining Rooms

0

Double Bedrooms

3

Single Bedrooms

0

Bathrooms

1

Toilets

1

Private Kitchens

1

Offices

2

Bedsits

0

BDM Portrait

I am looking for an experienced licensee, to take over this established Inn to take it to the next level. The site has a strong platform to build upon and I am excited to see what the future holds for the new operator at the Wellington. If this is the right opportunity for you, then pleade contact our recruitment team for further information

Andre Quibell, Operations Manager

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