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LOW ENTRY COSTS

Engine House New

Queen Street, Exeter, Devon, EX4 3SR

Ingoing Cost: £4,000
NO RENT PAYABLE ON THIS AGREEMENT

Description
Requirements
Benefits

Property details

The Engine House sits in a prime city-centre position on Queen Street, Exeter, directly opposite Exeter Central Station and a short walk from the university, major employers, and the high street. Exeter’s a lively, historic city with a strong mix of students, commuters, tourists, and professionals. The pub is surrounded by bars, restaurants, and hotels, benefiting from excellent visibility and footfall throughout the day and into the evening.

Within a 10-minute walk, there are around 7,000 adults, increasing to over 31,000 within 20 minutes. The area over-indexes for young adults and students, particularly those aged 18-34, as well as midlife professionals working in the city. Affluence levels are around the national average, but disposable income is high among students and young professionals, with strong spending across food, drinks, and late-night entertainment. The customer mix is heavily weighted towards Young and Midlife Carefree segments - those looking for lively, social experiences in high-energy settings.

Trading Area & Facilities:

Fully refurbished bar, lounge, and customer toilets.
Improved layout for service flow and accessibility.
New signage and exterior redecoration.
Upgraded lighting, fire safety, and sound systems.
HEINEKEN SmartDispense® installation.
Refreshed private accommodation with a new kitchen and bathroom.

The private accommodation consists of three bedrooms, a new kitchen, bathroom, and lounge area.

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Live Entertainment

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Live Sports

Trading style

This is your opportunity to run a ready-made pub with no utilities, stock, rent, or maintenance costs. The landlords also supply ready-to-go till, stock ordering, and health & safety systems. You can rest assured knowing that they do the detail, so you can Think Bigger.

If you’ve got the talent to manage a team, deliver great service, and know your local community, this is your chance to build a successful pub business.

You can drive trade through a mix of live music, events, and late-night entertainment, making full use of the pub’s late licence.

Attitude is more valuable than experience. If you’ve got the following, the landlords would love to hear from you:

Understanding of the local community and student market.
You know what it takes to deliver a retail offer.
If you’re enthusiastic and retail-focused.
You love hospitality and are great with customers.

If this sounds like the incredible pub opportunity you’ve been waiting for, apply today and tell the landlords what you can bring to this pub’s next chapter.

Key financials

Reference Number: 8M9JTW / 2302564101
Agreement Type: Operator Agreement

Min Ingoing Cost: £4,000.00
Annual Rent: NO RENT PAYABLE

The stated ingoing figures are correct at point of advertising. Please be aware there may be additional costs.

Please be aware that energy performance certificates are available from the landlord.

Ingoing Costs £4,000
Estimated Annual Turnover £513,117
Estimated On Target Earnings £45,327

The above figures are provided as a guide only and will be finalised as part of the commercial agreement. All figures quoted are exclusive of VAT.

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