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External Drinking Area
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Car Park
Property details
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 surrounding the pub, so passing footfall is also high. There have 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. 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.
Internally there is the main trading area with a bar a large kitchen, a pool table, and 80 covers.
Externally there is a large beer garden with 30 covers and a car park with 10 spaces.
The private accommodation is spacious and consists of three bedrooms.
FindMyPub.com
Catering Kitchen
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Team Games
FindMyPub.com
Pool Area
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Live Sports
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Experienced Operator
Trading style
The site currently can drive trade via community events, live entertainment, and live sports. It offers a selection of popular beers, ciders, wines and spirits, a pub classic menu, and coffees.
If you’ve benefited from running or owning a pub business, the landlords would 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 the landlords what you can bring to this pub’s next chapter.
Key financials
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Reference Number:
8M9JTW / 2302806101
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Agreement Type:
Tenancy
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Min Ingoing Cost:
£11,457.00
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Annual Rent:
£35,482.00
The stated ingoing figures are correct at point of advertising. Please be aware there may be additional costs.
Please be aware energy performance certificates are available from the landlord.
Annual Rent £35,482
Estimated Annual Turnover £440,164
Deposit £8,871
Estimated Fixtures & Fittings Value £25,000
Estimated Stock Valuation £5,000
Estimated Working Capital £3,500
Estimated Total Ingoing Costs £42,371
Estimated Minimum Ingoing Costs £11,457
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.