If you are looking to lease a pub in the Southampton area, The Angel Inn is available !
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Lease A Pub In Southampton – The Angel Inn Is Available
The Angel enjoys a prominent position opposite a local park on Palmerston Road, on the edge of Southampton city centre . The pub is located some 200 metres from Southampton Solent University main campus and the halls of residence are just as close. The pub backs onto a large residential estate, where other drinking establishments are scarce and is also located in very close proximity to Southampton FC home stadium.
Pub Layout
There is a large, open plan trade space on the ground floor which houses a long central bar servery giving ample all round vision and ease of service to all areas of the pub. The open plan layout offers a mixed variety of fixed and loose seating along with another area left available for those preferring to stand. The commercial catering kitchen is well equipped and located on the same level as the main trading area.
Externally, there is a fully enclosed licensed courtyard area which has heating and lighting and also has the benefit of an external projection screen. There is also an abundance of parking facilities nearby, including on road parking to the rear.
The stated ingoing figures are correct at point of advertising. Please be aware there may be additional costs.
The Angel Inn, Southampton
The Angel is a wet led Community pub, with a focus on live music and big screen sports. The current licensee has introduced a student focused gaming offer and also has the unusual facility of an on site music studio which both have the ability to increase footfall from the local University. There is currently a small food offer available, however there is massive scope to further develop the menu and maximise the use of the well equipped catering kitchen, as well as shifting the focus back to a traditional community wet-led offer.
Private Accommodation
Private accommodation consists of 3 bedrooms, kitchen, bathroom, lounge and office with all rooms being presented in good order. The domestic accommodation can also be independently accessed at the rear of the property.
Lease A Pub In Southampton
Annual Rent: £21,100
Security Deposit: £5,000
Working Capital: £4,000
Stock: £3,500
F&F: TBC – Funding options may be available for the right licensee
Training: £325 plus VAT
For a breakdown on financial information, please refer to the ‘Additional Info’ tab.
Additional Info
Annual Rent – This is our lowest rent figure associated with a Full Tie. If the tie is reduced the effective rent (via Tie Release Fees) will increase. Rent is billed and paid for weekly in advance depending on the payment terms agreed)
Security Deposit – This sum of money will be held on your account and will be returned to you on exiting of the pub based on your final account balance and the condition of the property
Working Capital – This is a recommend amount required which will be used in the day-to-day running of the business
Stock – This will be valued by an independent valuer on the day you take over the pub. This includes unbranded glassware, unopened bottles, wines, spirits, any unopened / opened kegs and cask ale providing the container is unopened
Fixtures & Fittings – This includes any item that is bolted to the floor or walls, and a fitting to be any item that is free standing or hung by a nail or hook. This will also include furniture
Training – Before signing a long term agreement, you will be required to attend our 7 Steps to Sales Success training programme. Held online over three days, you will learn marketing and business strategies that will help you to grow sales in your pub – step-by-step.
Service Charge Cost – £57.60 per week – The Admiral Taverns Premium Maintenance Package will help take care of your compliance and statutory obligations with one simple fee, whilst giving you piece of mind about your boiler and cellar cooling repair and replacement. This also includes full access to e-learning for you and your staff.
Ingoing Cost: 12500
Annual Cost: 21100
The Angel Inn, Southampton
Admiral are seeking to secure a dynamic and experienced retailer, who is capable of developing and maximising both the wet and dry income streams. They must be multi-skilled and possess the ability to maximise the trading opportunities that this site presents.
The new licensee will also have the benefit of a full redecoration and fresh look to assist with the transition back to the traditional community pub that we are looking for.
There is huge scope to turn this well known city pub, back into a community focused site which is famous for it’s great food and drink and also being a hub for live sports, particularly due to it’s close proximity to St Marys Stadium, the home of Southampton FC.
