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Fareham Fareham

Pubs & Bars • 54 Trinity Street, Fareham, Hampshire PO16 7SA Management opportunity
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Summary

The Fareham is a great community pub in a prominent position, close to the main shopping area of the town centre. It has a great reputation for live music and a strong customer base who are passionate about the pub.

Description

The Fareham is a great community pub in a prominent position, close to the main shopping area of the town centre. It has a great reputation for live music and a strong customer base who are passionate about the pub. The Fareham is traditional in décor and spacious, with seating for approximately 60 covers and space for vertical drinking too. The commercial kitchen has been well maintained and capable of producing a good traditional food offer, and here lies great opportunity to provide a good quality menu that would further increase trade. A beer garden to the rear of the pub also provides a lovely space to enjoy a drink in the summer months.  Key Features • Brilliant community pub in a prominent position in Fareham town centreAttractive both inside and out, boasting traditional decorWell-maintained commercial kitchen, capable of producing a good food offerThree bedroomed private quarters, ideal for a familyDiscounts of up to £140 per barrel but has an average of £120 per barrel Business & Financial Information • Estimated ingoings (upfront): £2,545 • Full deposit: £1,750 • Agreement fee: £795 • Guide rent (weekly): £135 • Guide rent (annual): £7,000 • Forecast turnover (weekly): £267,762 • Forecast turnover (annual): £267,762 Ideal Operator Stonegate Pub Partners are interested in hearing from experienced publicans who can further develop this great community hub. Private Accommodation The private accommodation is in good order with very nice décor throughout, comprising three bedrooms, a lounge and fully functional kitchen. Regional Manager's Thoughts The Fareham represents a fantastic example of a proper community hub and it caters for customers who enjoy live music and pub games. Cask ales are already popular and a key driver of trade and the pub would benefit from the development of a basic food offer to increase the customer base. Surrounding Area The Fareham is near to the town centre, yet benefits from residential housing on the doorstep, providing a good stream of customers. The market town of Fareham lies in the south east of Hampshire and between the cities of Southampton and Portsmouth. Fareham is well served by the major road and rail networks with the M27 passing around the northern edge of the town, providing easy access to Portsmouth and Southampton and from there, to London via the M3 and A3.

Upfront cost

£2,545
Cost type: Upfront

Key facts

Upfront cost
£2,545
Turnover (annual)
£267,762
Rent
£7,000 (annual)

Location

54 Trinity Street, Fareham, Hampshire PO16 7SA
Location shown at seller’s request for confidentiality. Exact details may be available after enquiry.

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