AVAILABLE ON OUR NEW PUNCH BUYING CLUB AGREEMENT Pub Refurbishment Planned

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1 Partner Recruitment Punch Taverns AVAILABLE ON OUR NEW PUNCH BUYING CLUB AGREEMENT Pub Refurbishment Planned Click image to enlarge Parkers Arms Totnes Road, Paignton TQ4 7PY Please contact our Partner Recruitment team on for more information Pub Profile Profit Potential 47,244,00 per annum Key Attributes Quality destination food pub Four letting bedrooms Exquisite gardens Refurbishment considered Pub Summary The Parkers Arms is a quality destination food pub offering exquisite gardens, 80+ dining covers and four letting bedrooms and an extensive refurbishment considered with the right partner. The pub is located on the edge of the popular coastal town of Paignton, Devon, which is the main tourist route from the A38 to the coast. The area has a large number of retired people and families who look for a great place to eat and drink, supplemented with a busy tourist trade during the summer season. Opportunity

2 The Parkers Arms will be visited for its quality food and wonderful atmosphere and trade as a destination food led pub 7 days a week. Menus should be simple with a specials board, created from local produce with an inviting selection of wines and well kept cask ales, catering for the affluent residents and tourists to the area. The pub has the potential to attract trade through a sport teams which will compliment the locals trade. The pub also boasts fabulous gardens to the rear with huge potential to provide marquees for weddings, picnics in the summer and entertainment for children. Area Demographic Paignton, is part of Torbay, on the English Riviera. Family resort with its own harbour, long sandy beaches and first class attractions including Paignton Zoo approximately 5 minutes drive away. Pub Attributes Trading Back of house External Private Pool / Sports Area Public Bar Lounge Bar Letting Bedrooms (4) Open Plan Trading Area Restaurant (1) Dining Covers (80) Office Kitchen Car Park Spaces (50) Beer Garden Smoking Solution (External) Private Bedrooms (4) Private Kitchen Private Bathroom Trade Areas Large 100 cover restaurant with facilities for a carvery operation. Separate bar and lounge bar. Large external patio area with potential for a children s play area. Private Accommodation Three good sized bedrooms and large living room Private kitchen Office All in good decorative order Financial Information The rent for this pub has been calculated following guidelines published by the Royal Institution of Chartered Surveyors. It is based on an estimate of the profit this pub should be capable of producing when run by a reasonably efficient operator. In the same way the figures below for earnings, turnover and FMT beer barrels are all estimates for a reasonably efficient operator. You may believe you can do better or worse than these estimates therefore you must make your own assessment of the potential of the business and you must take independent professional advice to build your own business plan for the pub. Estimated

3 Earning Potential Per Annum 47,244 This figure only shows your anticipated operating profit and excludes the financial benefit of the living accommodation. The value of this accommodation should be considered as part of your overall decision. Estimated Potential Turnover Per Annum Estimated FMT Beer Barrels Per Annum Drink Food Machine Other 195, ,885 4,449 2,940 Machine turnover shows turnover net of machine rent. 192 Your Investment Figures This is for ale, lager and cider only and is the target number of tied barrels you are expected to buy from us at your agreed discount. 30,000 Fixtures & Fittings (est) 4,500 Stock & Glassware (est) 10,000 Estimated Working Capital 11,839 Deposit (between 20% and 25% of annual rent or 6,000, whichever is greater) 1,195 Foundation For Success Training 1,150 2,242 Legal fees/valuation/licensing/survey. Figure variable and less on tenancy option Stamp Duty - variable according to rent value and length of agreement. Shown as Punch Buying Club (option 1) 60,926 Your Estimated Initial Investment Rateable Value 18,550 You can check rates liability for this property by using the government website or by contacting the commercial rates department of the Council Agreement Offered Rent Guide Punch offers you a lease with levels of discount / rent combinations. The lease gives you access to our full range of benefits including membership of the on-line Punch Buying Club, free of tie concessions on Wines, Spirits Minerals and local Ales and participation in our volume growth incentive scheme. The level of rent you pay is directly related to the discount you agree for your target number of tied beer barrels. All of our pubs are available with full discounts for your tied beer but the advantage of leasing a pub with Punch is that you can choose to keep your fixed rent low by agreeing to pay more for your target number of tied beer barrels. Any barrels you buy above your target are sold to you at full discount through a rebate in our volume growth incentive scheme. Punch Buying Club Option 1 Punch Buying Club Option 2 Annual rent 47,359 56,629 Tied product discount/barrel Volume growth incentive Additional 60 per barrel earned for every barrel above target Additional 20 per barrel earned for every barrel above target

4 Tied products Ale, Lager, Cider and Machines Ale, Lager, Cider and Machines FOT Cask ale provision BOGOF cask ale* BOGOF cask ale* Punch Rent review provision Partner Rent review provision Machine tie None can be called at 5 years 50/50 machine profit FOT option available None can be called at 5 years 50/50 machine profit FOT option available Inflation Provision CPI CPI Flow Monitoring Installed Yes No Online trading required Yes Yes Repair liability Fully repairing and insuring Fully repairing and insuring Trade History Notice period provision None None Agreement assignable Yes Yes * Buy one get one free of tie from Progressive Beer Duty Listed brewers Your dedicated BRM can offer help, support & guidance in all aspects of your decision to enter into an agreement with Punch Taverns. Total Ale, Lager and Cider deliveries (inc. free gifts) Last 12 months 160 brls 1-2 years ago 150 brls 1 barrel = 36 gallons = 288 pints Approximate Partner & Punch Combined Machine Income Last 12 months 2,225 Suitable Applicants Experience of high volume food operation Front of house ambassador to drive quality and service Marketing experience to drive footfall from surrounding areas Click image to enlarge Punch Taverns is one of the UK s leading leased pub companies. We are passionate about our pubs and committed to supporting our Partners to give them the best chance of success. What do Punch Taverns offer? An agreement that offers flexibility and choice. You negotiate the type and length of agreement. You choose

5 what combination of fixed rent and price discount structure that best suits your business plan Award winning training to ensure that you are set up for success from day one. This includes ongoing access to specialist courses, from chalk boarding to getting the most from social media Business consultancy advice from our Business Relationship Managers to help you retain a competitive edge and grow your business Access to a wide range of additional support and expert advice from developing a food offer and menu, to introducing a cask ale offer, accountancy and marketing Our BIIBAS accredited Code of Practice outlines our promise to our partners and sets a clear and transparent framework for the relationship on both sides A full drinks delivery service offering a wide range of all the top selling brands as well as access to over 148 cask ales A quality estate which is maintained through continual investment in our pubs Access to all the newest and best leisure machines through our profit sharing managed supply scheme Application procedure Applicants must complete a Punch Taverns application form either online or by contacting Sandi Bellinger on Interested parties should view discreetly as customers in the first instance. Please do not take copies of these particulars into the premises during opening hours nor attempt to discuss the property with the current licensee, staff or customers. Misrepresentation Act- These particulars shall not form part of any offer or contract and no guarantee is given as to the condition of this property or the accuracy of its description. An intending lessee or tenant is not to rely on any representation made in these particulars and must satisfy themselves as to their own investigations before entering into contract. THE PROPERTY MISDESCRIPTIONS ACT 1991 The mention of any appliances and/or services within these sales particulars does not imply they are in full and efficient working order. All measurements, areas and distances are approximate only. *Please note that Punch Taverns give no assurances or warranty, either expressed or implied, so far as the previous trade is concerned and any prospective tenants must rely on their own advice and opinion as to the trading potential of this property. See our website for further information. Recruitment@PunchTaverns.com

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