Beresford Middleton On Sea

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Pub Overview

Established community local

What would you do with this pub to make it even more of a success?

The area

Stunning Seaside Location!

The Beresford is a charming pub nestled in the picturesque village of Middleton-On-Sea, situated on the sunny shores of West Sussex, just to the east of the popular coastal town of Bognor Regis. What makes this area truly unique is its seaside location, providing residents and visitors with easy access to the tranquil beaches that are just a leisurely 10-minute walk from the pub's doorstep.

Demographically, the surrounding area is characterized by a population of over 2,600 adults within a 10-minute walk of The Beresford. The majority of these residents are of high affluence, creating a potential customer base with discerning tastes and a penchant for quality. In terms of local competition, the pub faces limited rivalry, with only one other pub located within a 10-minute walking radius.

The pub's proximity to notable landmarks and attractions further enhances its appeal. The Beresford is conveniently located just a 5-minute drive away from the popular Butlins Resort and the bustling town of Bognor Regis, ensuring a steady stream of tourists and visitors seeking refreshment and relaxation.

In this idyllic coastal setting, The Beresford stands out not only for its prime location but also for its potential to cater to a mix of locals and tourists, offering a welcoming atmosphere and a high-quality dining and drinking experience that aligns with the preferences of the affluent demographic in the area. Whether it's a pint by the sea or a delightful meal, The Beresford is well-positioned to become a cherished destination for both the community and visitors alike.

The offer

The Beresford is available on our investment tenancy agreement. Click here for more information on this agreement .

High Potential Opportunity!

The Beresford is already established as a fantastic local pub and this is a great opportunity for a new operator to build on existing trade. With 100 internal covers, The Beresford has a substantial capacity to accommodate a wide range of customers, from intimate gatherings to larger events. The pub also benefits from space for 60 external covers, ensuring guests can make the most of the warmer months. The full external transformation will improve kerb appeal and attract new customers, both local and tourist. The Beresford is a fantastic investment opportunity for an experienced operator, an individual or team who know the area well and can drive trade throughout the whole week.

When refurbished, the Beresford will appeal to a broad range of customers, including:
  • Families with children and couples enjoying a mid-week treat
  • Community groups such as sporting clubs & charities
  • Singles & friends stopping for a drink and bite to eat after work
    When refurbished, the Beresford will offer:
  • A premium drinks range, from Amstel to Beavertown with local ales such as Harvey's Best Bitter
  • A traditional pub food menu and coffee offer
  • Sports, quiz nights and local community events

We're always open to new ideas, what would you do to drive trade?

If you've benefited from running or owning a pub business, we'd love to hear what experience you can bring.

The right operator for the pub will have extensive experience in a similar hospitality business. They will have a clear vision for their food & drinks menu, sports offer, good rhythm of the week events and 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 us what you can bring to this pub's next chapter…

Features

  • Investment Tenancy
  • Catering Kitchen
  • Live Sports
  • Cask Ale
  • Outdoor Trade
  • Car Park
  • Private Accommodation


Trading Area & Facilities

The Beresford will be undergoing a refurbishment which will cover the exterior of the pub.

A full list of works and pub floor plan can be found in the 'refurbishment details' in the downloads.

Applicants should be aware that all refurbishments are subject to final board approval which will be determined as part of the leasing process.

Where a significant investment is made in a pub by Star Pubs & Bars, an "Investment Exemption" will be required. The exemption means that the option of a Market Rent Option lease won't be available at rent review for a period of up to seven years for this site, as per The Pub Code (2016).

Private Accommodation

Private accommodation consists of 3 bedrooms, large living area, kitchen, and bathroom.

Pub Financials

Annual Rent £
50,000
Estimated Annual Turnover £
690,168
Deposit £
12,500
Estimated Fixtures & Fittings Value £
40,000
Estimated Stock Valuation £
10,000
Estimated Working Capital £
3,500
Estimated Total Ingoing Costs £
66,000
Estimated Minimum Ingoing Costs £
66,000

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.

Estimated Working Capital is an estimate of key start-up costs such as professional fees, training fee, premises license fee, F&F valuation fee & till floats. There will be additional ongoing charges payable during the term of the agreement such as property maintenance, repairs fund, SmartDispense. These costs will be outlined prior to completing a business plan and finalised at Heads of Terms.

The calculation of the Estimated Minimum Ingoing Costs assumes a minimum deposit of 1 month's rent and that fixtures and fittings (F&F) are rented. The subsequent deposit build up and F&F rental costs should be included in your financial assumptions in your business plan. Note that on FRI and Investment Tenancy Agreements deposits will always be 3 month's rent in advance and fixtures and fittings (F&F) must always be purchased. A deposit of 6 month's rent will be required for operators trading under a Limited Company with no Guarantors. In order to ensure a successful start-up, all applicants must have a minimum £10,000 un-borrowed funds.

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