Situated just off the Esplanade along the seafront of Paignton. The Embassy Tavern is a two-story traditional community pub, in a highly visible position, surrounded by several B&B establishments and hotels. The area is popular with tourists and the pub enjoys a marked summer uplift in business. It is important that a future operator can build upon and maintain the existing core base of out of season wet and dry trade and maximise the returns from the influx of summer visitors. Stonegate Pub Partners are seeking an experienced operator or couple to run this pub.
This traditional pub is in great condition and offers customers a warm and welcoming atmosphere. There is a split-level open plan trading area, decorated and furnished to a good standard with a modern bric-a-brac finish. The large bar servery is situated to one side of the pub and is accessed through an archway which splits the bar from the dining area. The dining area accommodates up to 30 covers, with a selection of modern tables, chairs and stools. Pub games are available including a pool table and gaming machines which are popular amongst the local community. Adjoining the main trade area is a fully fitted and fully enclosed catering kitchen which can be utilised to develop a food offering. There are a couple of TVs that can be used to show live sport.
There is a covered smoking and seating area positioned to the front of the pub which is a fantastic space for an afternoon drink during the summer months. An opportunity exists to develop an additional patio area and create an attractive alfresco space for approximately twenty covers. There is a side car park with space for 10 vehicles making this a more accessible location.
The private accommodation is substantial and suitable for a family or live in staff. It comprises four well-presented bedrooms, a lounge and a domestic kitchen with views across Torbay.
Agreement Fee: £775.00
Repair Fund: £2,500.00
Fixtures & Fittings: £15,000.00
Working Capital: £15,000.00
Stock & Glassware: £3,500.00
Cash Float: £1,500.00
Turnover Rent: £0.00
Turnover Rent %: £0.00
Forecast Wet Turnover: £290,972.39
Forecast Dry Turnover: £39,676.66
Forecast Other Turnover: £12,021.04
Forecast Turnover: £342,670.09
Year 1 Rent: £0.00
Guide Rent: £22,000.00
Initial Deposit: £0.00
Full Deposit: £5,500.00
Full Tie Release: £28,500.00
The customer base is predominantly seasonal, with locals in the winter months and tourists during the summer. The availability of this pub offers a great opportunity for either an experienced publican or a new starter to the industry. Ideally, we are looking for someone who understands the winter and summer trade and can maximise the potential for the site. Some catering experience is preferable.
Love Your Pub Group will send the above details on your behalf to your selected product provider(s)
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Towergate Insurance Brokers is a trading name of Towergate Underwriting Group Limited. Registered in England No 4043759.
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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
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