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TOWN CENTRE SITE

Scarlet Tap New

Palmerston Road, Southsea, Hampshire, PO5 3PT

Ingoing Cost: £30,500
Annual Rent: £122,000

Features
Trading style
Key financials

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Coastal

Property details

Take the lead at this high-volume circuit pub in the heart of Southsea, with an established customer base and the potential to perform across live sport, entertainment, late-night and daytime occasions.

As the operator of The Scarlet Tap, you’ll have the freedom to run the business your way. You’ll lead day-to-day operations, collaborate locally, host events, and drive marketing initiatives to build on this great pub’s already strong sales.

Private Accommodation

3 bed flat.

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Catering Kitchen

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Live Sports

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Experienced Operator

Trading style

The Pub Company are seeking an ambitious operator with:

experience leading a high-volume, late-night operation
ability to balance multiple customer groups and trading occasions
ability to create a commercially effective sport and entertainment programme
confidence leading and developing a sizeable team
strong operational controls
expertise in stock, licensing, safety and compliance.

Key financials

Reference Number: FH4FW1 / 110399
Agreement Type: Tenancy

Min Ingoing Cost: £30,500.00
Annual Rent: £122,000.00

The stated ingoing figures are correct at point of advertising. Please be aware there may be additional costs.
Please note that the Energy Performance Certificate is available from the landlord.

Business Details

Forecast Turnover:	£1,510,739 pa
Forecast Wet Turnover:	£1,284,127
Forecast Dry Turnover:	£226,612
Guide Rent Annual:	£122,000
Turnover Rent Annual:	£68,434
Turnover Rent (%): Instead of a fixed monthly rent, you'll pay a base rent (guide rent demonstrated above) plus a percentage of your net turnover (the percentage is demonstrated above).	5 %

Financial Details

Full Deposit:	£30,500
Repair Fund:	£77 pw
Fixtures / Fittings:	£192 pw

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