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Contact Us | Licensee Support Area | Privacy Notice | Modern Slavery Statement

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YOUR INVESTMENT

£12,500

AGREEMENT TYPE

Five Year Agreement

FACILITIES

3+ BedroomsCask AleFunction RoomSports TeamsCar ParkBeer Garden
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Falcon

Felixstowe, IP11 9DS

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OR CALL 01244 321 171 FOR MORE DETAILS

The Falcon is located in the Walton area of Felixstowe less than a mile from the great beaches of this Suffolk Coastal town. It is located on the High Street surrounded by shops including an independent bakers and is in the heart of its community. There is just one other pub nearby. Felixstowe has a growing population of 27,500 and the Walton area is largely residential with good demographics. The town has the largest container port in the UK and is a key local employer.

Pub Layout

The pub has undergone a refurbishment in 2018 and is in excellent condition. On entrance you are greated by a large centre island style bar with seating all around. Within the main bar there is a pool table and darts oche, a seperate room which can also be used for darts or private functions. Externally there is a small car park to the rear housing approximately 8 vehicles. The Falcon also seperate external drinking arears with a pavement seating at the front, a side patio area and a part grassed garden to the rear which has a good amount of covers for a high street location. The new kitchen is just off the bar area with the potential to deliver a small but quality bar food operation.

Trading Style

The pub currently trades as a drinks focused operation serving the locals and visitors / tourists and port workers. There is scope for more pub sport teams and a simple but quality bar led food offer. Openining times can be enhanced and the right operators should feel they can make the Falcon the heart of the community.

 

Proposed opening times – Currently on reduced trading hours, please check before visiting. The pub should trade as all day every day moving forwards.

Private Accommodation

The private accommodation consists of three bedrooms above the pub all in good order with a private bathroom and kitchen. There is also a private entrance at the rear of the property.

Annual Rent: £25,800

Security Deposit: £5,000

Working Capital: £5,000

Stock: £2,500

Fixtures and Fittings: Upon Valuation  – funding options available for the right licensee.

Tie: All drinks categories are tied.  For fully funded licensees on long term agreements, we offer free-of-tie options for certain drinks categories in exchange for an annual fee.

Training: £250 plus VAT

For a breakdown on financial information, please refer to the ‘Additional Info’ tab.

The Falcon has not reached its full potential and the current Tenant has decided to move on to pastures new. This is a real opportunity for somebody to be able to move the business forward and by driving the launch of a small food offering, simple aspects like quality cask ale, a good food offer, sports teams and a more active social media presence will quickly develop the trade further.

Admiral are looking for a licensee with great vision and local knowledge to really unlock this pub’s potential.

Annual Rent – This is our lowest rent figure associated with a Full Tie.  If the tie is reduced the effective rent (via Tie Release Fees) will increase.  Rent is billed and paid for weekly in advance depending on the payment terms agreed)

Security Deposit – This sum of money will be held on your account and will be returned to you on exiting of the pub based on your final account balance and the condition of the property

Working Capital – This is a recommend amount required which will be used in the day-to-day running of the business

Stock – This will be valued by an independent valuer on the day you take over the pub. This includes unbranded glassware, unopened bottles, wines, spirits, any unopened / opened kegs and cask ale providing the container is unopened

Fixtures & Fittings – This includes any item that is bolted to the floor or walls, and a fitting to be any item that is free standing or hung by a nail or hook. This will also include furniture

Training – This is required when taking on a Business Support Agreement.  Included is an e-learning package for you and your staff and attendance to our ‘Set Up To Succeed’ workshop held at our Head Office in Chester.  Please note, you will be required to attend this workshop before signing a long term tenancy agreement.

Service Charge Cost – £28.01 per week – This is a weekly charge that includes statutory compliance certification (including Annual CP12 and CP42 gas test), cellar cooling services (including full insurance to cover repairs and / or replacements), Health & Safety Essentials (including assessments) and Licensing Support.

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OPEN DAYS

The Admiral Way WebinarOnline20th September 2021
3pm - 4:15pm
Meet The Team – North EastBorder Terrier, Hartington Rd North Shields, England, NE30 3SF29th September 2021

11am - 5pm
Meet The Team – ShrewsburyBell Inn, Cross Houses, Shrewsbury SY5- 6JJ30th September 2021
11am - 4pm