Property Description
Major transformation of city-centre pub opposite Exeter Central Station.
The Engine House is available on our Management Agreement, Just Add Talent. It combines our tried-and-tested pub concept with industry-leading training and support for you and your team. Click here for more information on Just Add Talent.
This is your opportunity to run a ready-made pub with no utilities, stock, rent or maintenance costs. We also supply ready-to-go till, stock ordering and health & safety systems. You can rest assured knowing that we do the detail, so you can Think Bigger.
If you’ve got the talent to manage a team, deliver great service, and know your local community, this is your chance to build a successful pub business.
So, what would you do with The Engine House to drive forward our High Street Pub concept?
The area:
The Engine House sits in a prime city-centre position on Queen Street, Exeter, directly opposite Exeter Central Station and a short walk from the university, major employers and the high street. Exeter’s a lively, historic city with a strong mix of students, commuters, tourists and professionals.
The pub is surrounded by bars, restaurants and hotels, benefiting from excellent visibility and footfall throughout the day and into the evening.
Demographics:
Within a 10-minute walk there are around 7,000 adults, increasing to over 31,000 within 20 minutes. The area over-indexes for young adults and students, particularly those aged 18-34, as well as midlife professionals working in the city.
Affluence levels are around the national average, but disposable income is high among students and young professionals, with strong spend across food, drinks and late-night entertainment.
The customer mix is heavily weighted towards Young and Midlife Carefree segments - those looking for lively, social experiences in high-energy settings.
The offer:
You can drive trade through a mix of live music, events and late-night entertainment, making full use of the pub’s late licence.
We’re also really interested to hear your ideas on how to drive trade.
Attitude is more valuable than experience. If you’ve got the following, we’d love to hear from you:
Understanding of the local community and student market.
You know what it takes to deliver a retail offer.
If you’re enthusiastic and retail focused.
You love hospitality and are great with 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…
Fully refurbished bar, lounge and customer toilets.
Improved layout for service flow and accessibility.
New signage and exterior redecoration.
Upgraded lighting, fire safety and sound systems.
HEINEKEN SmartDispense® installation.
Refreshed private accommodation with new kitchen and bathroom.
Private accommodation consists of three bedrooms, a new kitchen, bathroom and lounge area.
Premises licence available on request.
Agreement Type
Just Add Talent
Property Facilities
Refurbishment Planned
Live Sports
Private Accommodation
Property Financials
Additional Information
In order to ensure a successful start-up, all applicants must have a minimum £10,000 un-borrowed funds.
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 are not included in the rent model or ongoing costs below.
Note that on FRI 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.
* 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
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
** Deposit build up will be payable over a maximum of 24 months
*** Fixtures and Fittings annual rental fee should be estimated at 15% of the F&F value. The actual F&F value will be determined on the day of entry
**** Maintenance Compliance Charge relates to the fees for various statutory inspections
***** Estimated Legal Fees is a charge applied to your account by SP&B for creation of your Lease. You are required to engage and pay for your own solicitor - your solicitor's fees are not included in the above estimate
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
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.
MISREPRESENTATION ACT 1967
My Hospitality Solutions Ltd advises that the contents of these particulars are believed to be correct and Lessees should satisfy themselves that they are accurate.
The information and images displayed about the properties advertised comprise a property advertisement only. My Hospitality Solutions Ltd is not liable for the accuracy or completeness of the advertisement or any linked or associated information and My Hospitality Solutions Limited has no control over the content.
