Superbly located on The Broadway in the heart of Stratford this iconic venue is well known as the place to watch live sports, socialise and party! A rare opportunity has arisen to acquire the site on a new 5-year Tenancy Agreement.
Internally you will find a multi-zoned ground floor open plan trade area which is perfect for creating both a high energy night-time entertainment vibe yet also a lower key daytime environment great for getting a drink and bite to eat with friends and socialising throughout the day. An 8meter long bar runs across the rear of the venue perfect for busy football fan days. The open plan layout comfortably accommodates circa 100 seated covers across its mix of fixed booths, banquets, high stools, and bar tables with room for dancing and socialising, total capacity is circa 250 depending on layout adopted.
The premises enjoy the opportunity of an 10am till midnight licence across the week which extends to 1am on Wednesday and to 2am on Thursday, Friday and Saturday. This is a very busy ‘fan pub’ on West Ham home match days and attracts a crowd pre and post other large events at The London Stadium, otherwise current weekly activity is focused on Sports TV events, with entertainment focused on a weekly Karaoke and DJ along with the occasional themed event and promotional evenings.
A fully fitted trade kitchen not only serves the on-site dining trade but also successfully hosts a “Dark Kitchen” operation, our agreement allows the successful operator the same flexibility should they wish.
None, this is a lock up site.
Fixtures & Fittings: £35,000.00
Working Capital: £30,000.00
Stock & Glassware: £5,000.00
Cash Float: £1,500.00
Turnover Rent: £35,246.35
Turnover Rent %: £3.50
Forecast Wet Turnover: £786,633.94
Forecast Dry Turnover: £196,621.17
Forecast Other Turnover: £16,809.01
Forecast Turnover: £1,000,064.12
Year 1 Rent: £0.00
Guide Rent: £70,000.00
Initial Deposit: £0.00
Full Deposit: £17,500.00
Full Tie Release: £65,750.00
Agreement Fee: £775.00
Repair Fund: £2,500.00
This is the first time The Abbey Tap has been available to the Tenancy Market and a fantastic opportunity for an entrepreneurial operator to make their mark and take on an already great site and develop it into an even more fantastic one, such an opportunity very very rarely comes up!
This truly is an opportunity not to be missed and due to the high level of interest expected I strongly recommend that you contact us promptly to avoid any disappointment.
Love Your Pub Group will send the above details on your behalf to your selected product provider(s)
Insurance disclaimer
Towergate Insurance Brokers is a trading name of Towergate Underwriting Group Limited. Registered in England No 4043759.
Registered address: 2 Minster Court, Mincing Lane, London EC3R 7PD. Authorised and regulated by the Financial Conduct Authority.
Finance disclaimer
Portman Finance Group includes Portman Asset Finance Limited (Reg No: 06226530) which is authorised and regulated by the Financial Conduct Authority for its credit broking activities and deals with a panel of lenders (FRN: 719988), Portman Leasing Limited (Reg No: 06797365) authorised and regulated by the Financial Conduct for Consumer Hire lending (FRN: 723730) and Portman Commercial Finance Limited (Reg
No: 10011121). The companies within Portman Finance Group are all registered in England and Wales with registered offices: 1 Pavilion Court, 600 Pavilion Drive, Northampton, NN4 7SL
Mortgage disclaimer
The Mortgage Hut Limited is an appointed representative of Mortgage Advice Bureau Limited and Mortgage Advice Bureau (Derby) Limited which are authorised and regulated by the Financial Conduct Authority. The Mortgage Hut Limited. Registered Office: Ground Floor, Threefield House, Threefield Lane, Southampton, Hampshire, SO14 3LP Registered in England Number: 07629941
Your home may be repossessed if you do not keep up repayments on your mortgage. There may be a fee for mortgage advice. The actual amount you pay will depend upon your circumstances. The fee is up to 1.5%, but a typical fee is 0.3% of the amount borrowed.
MISREPRESENTATION ACT 1967
The Love Your Pub Group gives notice that the contents of these particulars are believed to be correct but are given without responsibility and intending purchasers or lessees should satisfy themselves by inspection or otherwise to their correctness. These particulars do not form any part of any offer or contract and no person in the employment of the company has any authority to make or give representation of warranty to this property.
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