Pub Overview The Cowick Barnton is located in the heart of Exeter, close to Cowick Barton recreation ground and Pinces gardens .
The pub is surrounded by rural housing.
Demographics The pub benefits from being one of 4 pubs found in an area of around 2600 adults.
The majority customer base is made up of a mixture of young, midlife with children, midlife carefree and mature adults .
The offer Available on our foundation tenancy agreement.
Click here for more information on this agreement .
The potential of this pub lies in developing a well thought through 50/50 food & drinksoffer.
What food & drinks would you look to implement in the pub?
The site currently has the ability to drive trade by delivering a great food and drink menu and by maximising the use of the function room and outside space.
We're always open to new ideas, what would you do to drive trade?
If you've benefited from running or owning a pub business, we'd love to hear what experience you can bring.
The right operator for the pub will have extensive experience in a similar hospitality business and use to working with high volumes of food.
They will have a clear vision for their food & drinks menu, marketing strategy and entertainment offer and can create a memorable experience for their customers.
If this sounds like the incredible pub opportunity you've been waiting for, apply today and tell us what you can bring to this pub's next chapter...
Features Foundation Tenancy Catering Kitchen Outdoor Trade Pub Games Car Park Private Accommodation Trading Area & Facilities Main trading area with bar Separate dining room / function room 60 internal covers 60 external covers Catering kitchen with separate prep area SmartDispense Large outside trading area with children's play area Car park Private Accommodation Private accommodation consists of 3 bedrooms, a living room, kitchen and bathroom.
Pub Financials Pub Financials Icon Estimated Total Ingoing Costs £55,250 Estimated Minimum Ingoing Costs £13,750 Annual Rent £39,000 Estimated Annual Turnover £577,258 Deposit £9,750 Estimated Fixtures & Fittings Value £35,000 Estimated Stock Valuation £7,000 Estimated Working Capital £5,000 The above figures are provided as a guide only and will be finalised as part of the commercial agreement.
All figures quoted are exclusive of VAT.
Estimated Working Capital is an estimate of key start-up costs such as professional fees, training fee, premises license fee, F&F valuation fee & till floats.
There will be additional ongoing charges payable during the term of the agreement such as property maintenance, repairs fund, SmartDispense.
These costs will be outlined prior to completing a business plan and finalised at Heads of Terms.
The calculation of the Estimated Minimum Ingoing Costs assumes a minimum deposit of 1 month's rent and that fixtures and fittings (F&F) are rented.
The subsequent deposit build up and F&F rental costs should be included in your financial assumptions in your business plan.
Note that on FRI and Investment Tenancy Agreements deposits will always be 3 month's rent in advance and fixtures and fittings (F&F) must always be purchased.
A deposit of 6 month's rent will be required for operators trading under a Limited Company with no Guarantors.
In order to ensure a successful start-up, all applicants must have a minimum £10,000 un-borrowed funds.
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