Overview

Could you run this pub in Ipswich

The Salutation Inn is an authentic traditional Pub which had a modern makeover in 2018 with a major investment by Punch  of around £200k. Benefiting from a prime location in this busy part of Ipswich, the Salutation sees plenty of varied trade as the day turns into night, and tapping into these changing phases will be key to success here. Food is a key part of the offer with daily specials and  a pre-theatre menu serving the locals and shoppers as well as those on a night out at the nearby Regent theatre. The bar is stocked with an excellent range of  World beers, lagers, craft and  cask ales , wines and spirits with something to suit every taste.

This pub, known locally as `The Sally`  has excellent architectural  detailing, with brickwork and contrast paintwork contributing to a superb street presence, with patio furniture to the front. Inside the impressive new bar counter is on the right as you enter and there are around 62 covers at full capacity. In  addition , the pub has a well fitted  commercial kitchen on the ground floor. There are several  TV screens in evidence  and  WIFI for customer use. Outside, there’s a small well- appointed  beer terrace to the rear, as well as a smoking solution.

About the local area

Ipswich  is a very attractive place to live and visit, with a scenic waterfront, a good range of parks and museums, and plenty to keep you occupied. The beautiful old Regent Theatre is just at the bottom of the street from the Salutation, and raising the pub’s profile with the venue’s repeat visitors could really make a difference to the pub’s trading figures.

Ideal operator

To succeed here, you’ll need the skills to be able to effect a seamless transition through the day’s trading phases, perhaps offering coffee and lunches during the day and switching to local events  in the evening – as well as attracting theatre-goers for a glass of wine and a bite to eat before the show. Experience and a flair for marketing and social media are a must.

Accommodation

The domestic accommodation consists of three bedrooms, a kitchen and a lounge, and are all in decent order.

About the Agreement

Our Tenancy agreements vary between 3 – 5 years offer a flexible approach to running your own pub business. Your pub will be ready to trade, with carefully tailored food and drinks menus in place which you can evolve as you go along.
You will receive a high level of support and everything you need to run a successful business. From the beginning, you will have dedicated Operations Manager, plus access to training and development, business planning, operations and accounting expertise.

Once you’ve completed the 5-day induction course we’ll provide you with ongoing support to help you maximise the efficiency, sales and profitability of your pub. This includes helping you decide on the right drinks offer, guidance on margin and support creating a marketing plan to build for continued success. To help market your pub, we also offer lots of support and advice.

Punch Tenancy agreements have shared repairs liability, we will help you manage your ongoing repairing obligations. We do this by operating a repairs and maintenance fund for all new agreements.

* The calculation of the initial Ingoing Costs assumes a minimum deposit (£3,000 or £6,000) plus legal fees. The subsequent deposit build up (if any) will need to be paid over 52 weeks. This can be discussed with the recruitment team or Operations Manager

Financial Information

Initial Deposit*
£6,000
Full Deposit
£6,379
Legal Fees
£750
Maintenance Fund Per Week
£40
Fixtures and Fittings Weekly Rent
£72
Working Capital
£2,000 - £4,000
Street Check
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Business Information

Annual Rent
£25,515
Forecasted Annual Wet Turnover
£221,496
Forecasted Annual Food Turnover
£78,017
Forecasted Annual Other Turnover
£5,861
Weighted Average Discount Per Barrel
£75
Agreement
5 Year Tenancy

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