Tenanted Vacancy - Exeter

Black Horse, Exeter

Introduction

The Black Horse is in the village of Sowton, just a few miles from the bustling West Country city of Exeter.  This imposing site has recently benefitted from a complete refurbishment of the trade and kitchen areas and has capacity for 120 in the bar and restaurant, with a further 35 in the function room and another 32 on the patio.  The emphasis of this business is “Family Pub Dining”

Trading Potential

The Black Horse has recently undergone an impressive and stylish refurbishment, and is being offered to let under our “Retail Franchise Agreement” or our Standard three year tenancy agreement.  The Black Horse is located near to Exeter Airport and just a few miles from the city centre, situated in an enviable location on the Old Honiton Road and has the benefit of both residential and business expansion nearby.

The pub was refurbished to cater for, and sits in our “Family Pub Dining” segment and has flourished with average weekly net sales of £8,000 on a 70/30 split in favour of food.

New Business Partner Profile

The new Business Partners here will ideally be owner operators, and suit a couple looking to take on either our exciting new Retail Franchise Agreement or our standard 3 year tenancy. Knowledge and experience of running a high volume and quality family pub dining experience along with the enthusiasm and drive to market the pub through all platforms, engage with the local community to promote this pub as a “must visit” destination.

A knowledge and passion for keeping and dispensing Wadworth cask ales will ensure the very best quality offer.

Premises Licence

Sale of Alcohol

Monday to Sunday and Thursday - 10:00 am to Midnight
Friday and Saturday - 10:00am - 01:00am

Performance of Live Music 

Monday to Sunday and Thursday - 10:00 am to Midnight
Friday and Saturday - 10:00am - 01:00am

Playing of Recorded Music

Monday to Sunday and Thursday - 10:00 am to Midnight
Friday and Saturday - 10:00am - 01:00am

Opening Hours of the Premises

Monday to Sunday and Thursday - 07:00 - 12:30am
Friday and Saturday - 07:00am - 01:30am

Trade Areas

The single bar area has seating for 35 and has a wood burning stove.  The main restaurant has seating for 85, coffee station, open pass from the kitchen and a log burning stove, this leads to the function room which can cater for 35 seated, or approx. 50 for a standing buffet.

The fully modernized and newly equipped trade kitchen has ample space and equipment to cater for high volume sales.

Outside Areas Licence

To the front of the pub is a patio area with seating for32 and to the front and side parking for approximately 60 cars.

Private Accommodation

The private accommodation is accessed from behind the bar and has 2 double bedrooms a bathroom and an open plan living room / kitchen. 

Capital Required

• Fixtures and fittings estimated to be TBC
• Stock estimated to be £4,500                                                 
• Security Deposit £8,000                                     
• Minimum working capital required £5,000
• Total (circa) without fixtures & fittings £19,500