The Abbey Tap Stratford
Summary
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.
Description
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.
Key Features
• very busy ‘fan pub’ on West Ham home match days and other large events at The London Stadium
• a prime location that is popular with town centre users, daytime visitors, post work socialisers and those on a Big Night Out
• rare venue with late license which doesn’t come to the market often
• fully fitted trade kitchen with potential to develop food offer and "dark kitchen" options
• although ready to go this could be a blank canvas and a great opportunity to change the offering
Business & Financial Information
• Estimated ingoings (upfront): £18,295
• Full deposit: £17,500
• Agreement fee: £795
• Guide rent (weekly): £1,346
• Guide rent (annual): £70,000
• Forecast turnover (weekly): £1,035,074
• Forecast turnover (annual): £1,035,074
Ideal Operator
This business will appeal to many people however we are seeking an experienced entrepreneurial operator who has the vision to see beyond the current branded operation and turn this venue into a fantastic multi-facetted business.
You will already be a successful proven operator with a history in developing and delivering town centre operations, food, drink, and entertainment that meet the local market opportunity. This bar although already to go is a blank canvas, it has great space and facilities which combined with your experience, ideas and enthusiasm will create a fantastic winning offer that appeals even more to the local business and residential markets.
Private Accommodation
None, this is a lock up site.
Regional Manager's Thoughts
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.
Surrounding Area
Stratford Town Centre is a vibrant, bustling, busy area across the week and especially at weekends with office workers and locals of all ages visiting to shop, eat, drink, and socialise. The Abbey Tap is superbly located on The Broadway in the heart of the Town Centre and although it has no parking there are plenty of town centre parking options available nearby.
Upfront cost
£18,295
Cost type:
Upfront
Key facts
Upfront cost
£18,295
Turnover (annual)
£1,035,074
Rent
£70,000 (annual)
Location
12-14 The Broadway, Newham, Greater London E15 4QS
Location shown at seller’s request for confidentiality. Exact details may be available after enquiry.
Enquire
Message the seller. We’ll forward your details so they can reply directly.