Painters Portsmouth
Summary
The Painters is located just off the Commercial Road shopping area in central Portsmouth. It is a historical pub which has been serving the local community for decades.
Description
The Painters is located just off the Commercial Road shopping area in central Portsmouth. It is a historical pub which has been serving the local community for decades. The pub’s classic external features provide great curb appeal for passing trade, and its tidy courtyard is a favourite amongst locals. The pub is known for its excellent live sport and has the potential to drive sales further with the appropriate weekly sales activities. The Painters offers a value drinks range with zoned seating, so it is the perfect place for guests looking to socialise or watch sport.
With free Sky For 6 Months, The Painters is a fantastic opportunity for anyone looking to run a pub in Portsmouth. With its strong reputation for live sport, central location and classic features, it’s a site full of potential for an operator ready to build a successful pub business on the South Coast.
Key Features
• Decent bar area including secluded zone
• Easy-to-operate servery with 2 till points
• 2 hand-pulls
• Darts
• 3 TVs inside, 1 TV in courtyard
• 2 gaming machines
• Approx. 44 seats incl. some fixed seating
• 2 bed flat in good condition
• Traditionally the pub was known as a pre-match meeting point for Portsmouth Home fans
Business & Financial Information
• Estimated ingoings (upfront): £4,875
• Full deposit: £4,875
• Guide rent (weekly): £375
• Guide rent (annual): £19,500
• Forecast turnover (weekly): £362,039
• Forecast turnover (annual): £362,038
Ideal Operator
The ideal operator would have a thorough understanding of the local community, with experience running pubs in the Portsmouth area. They will have a great ideas on how to make The Painters thrive at the heart of the community, supported by a strong calendar of activities, with the energy to deliver a great guest experience. There is an opportunity to broaden its appeal to a wider spectrum of guests, including the local university and more shoppers.
Private Accommodation
The flat is in good condition and is well-proportioned, comprising 2 bedrooms, along with a sitting room, kitchen/diner and bathroom, all of decent size.
Regional Manager's Thoughts
If you're local to Portsmouth, the chances are you will have seen the Painters Arms on your travels. It is situated in a prime central location with so much on the doorstep. The perfect operator for this pub will have a clear vision for success, and will run with it. The opportunities are endless and I’m looking to work with someone who has sport at the forefront of their vision, plus other sales-driving initiatives.
Surrounding Area
The pub lies at the heart of Portsmouth city centre. Nearby Commercial Road offers a wide range of shops with big names like HMV, Argos, McDonald's, KFC, Subway and Poundland in proximity. There is also footfall from nearby residential areas. Portsmouth University and Guildhall Square are a short distance away.
Running a pub in Portsmouth city centre means benefiting from heavy footfall, nearby shops, student trade and a vibrant local community. With its mix of retail, residential and university crowds, it’s the ideal location to grow a busy and profitable pub business in Hampshire.
Upfront cost
£4,875
Cost type:
Upfront
Key facts
Upfront cost
£4,875
Turnover (annual)
£362,038
Rent
£19,500 (annual)
Location
18 Lake Road, Portsmouth, Hampshire PO1 4HA
Location shown at seller’s request for confidentiality. Exact details may be available after enquiry.
Enquire
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