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Compasses Chelmsford

Pubs & Bars • CM1 1RY Management opportunity
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Summary

A wonderful opportunity to take over a recently refurbished and successful pub in Chelmsford. What would you to make it a even more of a success?

Description

The area The Compasses is located on a busy main road just outside of Chelmsford city centre it has a fantastic pull for customers going into or out of the centre.  The Compasses is located in a dense residential area and there is an abundance of amenities surround the pub, so passing footfall is also high. There has also been recent housing developments within the area. There is little competition in the area, meaning there is a ripe opportunity to expand the pub’s local customer base Demographics The pub benefits from being in an area of around 22419 adults within a 20-minute walk of the pub. The medium to high affluent customer base is made up of young families and young professionals. The offer Available on our foundation tenancy agreement. Click here for more information on this agreement. The potential of this pub lies in developing a well thought through  80 / 20 food & drinks offer. What food would you look to implement in the pub? The site currently can drive trade via community events, live entertainment, live sports. It offers a selection of popular beers, ciders, wines and spirits, a pub classic menu, and coffees. We’re always open to new ideas, what would you do to drive trade? If you’ve benefited from running or owning a pub business, we’d love to hear what experience you can bring. The right operator for the pub will have extensive experience in a similar pub or hospitality business. They will have a clear vision for their food & drinks menu, marketing strategy and entertainment offer that can create a memorable experience for their 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…

Upfront cost

£42,371
Cost type: Upfront

Key facts

Upfront cost
£42,371
Turnover (annual)
£440,164
Rent
£35,482 (annual)

Location

CM1 1RY
Location shown at seller’s request for confidentiality. Exact details may be available after enquiry.

Enquire

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