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Monkey Suit Exeter

Pubs & Bars • 161 Sidwell Street, Exeter, Devon EX4 6RH Management opportunity
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Summary

This is a well presented pub with large floor space on both floors. The trade area is in good condition..

Description

This is a well presented pub with large floor space on both floors. The trade area is in good condition.. The ground floor comprises one large comfortably furnished bar with a mixture of leather sofas, fixed and loose tables and chairs, and quirky decor. The first floor trade areas have a large bar/nightclub area and a VIP room. The two trade areas on the first floor both have a bar servery and are in good condition. Great opportunity for the right applicant to drive daytime and nightime sales.  Key Features • Large cellar and storage areas, well-fitted trade kitchen, a large central bar in the ground floor trading area serving both sides of the pub, good-sized bars in both the nightclub rea VIP room.  Business & Financial Information • Estimated ingoings (upfront): £7,795 • Full deposit: £7,000 • Agreement fee: £795 • Guide rent (weekly): £538 • Guide rent (annual): £28,000 • Forecast turnover (weekly): £552,820 • Forecast turnover (annual): £552,820 Ideal Operator Ideally an experienced operator that can drive sales with great events and marketing, late night experience would be advantageous. Experience in high street venues as above.  Private Accommodation The private accomodation is large and spacious above the venue and has two bathrooms, four bedrooms, office, two kitchens and two living areas, could easily be split into two living areas for a manager/chef/family and a publican. There is a seperate entrance for the accomodation so access through the pub is not needed. Regional Manager's Thoughts The Monkey Suit is a popular venue and offers regular entertainment with live music. The pub is in great condition and would suit a dynamic Publican with previous experience of running a similar late-night business. The new operator will draw on their marketing skills and continue to promote the live bands and events to keep the students coming back for more. Surrounding Area The Monkey Suit sits in the heart of Exeter city centre and within easy reach of the University and student accommodation. This late-night venue is en route to the lively circuit of Exeter in a high street location. John Lewis is close by on the corner of Sidwell Street, with the Guildhall Shopping Centre housing a mix of shops and cafes. Sidwell Street is home to an interesting variety of shops and independent traders. The bus station is very close to the venue and with all the shopping close by means this site can trade all day every day. NCP car park 2 minutes walk from the pub. 

Upfront cost

£7,795
Cost type: Upfront

Key facts

Upfront cost
£7,795
Turnover (annual)
£552,820
Rent
£28,000 (annual)

Location

161 Sidwell Street, Exeter, Devon EX4 6RH
Location shown at seller’s request for confidentiality. Exact details may be available after enquiry.

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