The requested news item does not exist. Please return to News
The Beer Engine offers excellent business opportunity for prospective buyers
EXETER, 14 October 2014 – A popular public house in Newton St Cyres has been brought to the market by leading property consultancy JLL for a guide price of £695,000.
The Beer Engine, a local institution that dates back to the 1850s, is for sale for the first time in 9 years and offers potential buyers an excellent business opportunity and high quality living accommodation.
The pub comprises a main bar and restaurant, split-level beer garden, commercial kitchen and two separate customer car parks, as well as a three-bedroom apartment on the first floor. Also included in the sale is a successful brewery that has been operating for more than 30 years.
The current owners have made significant improvements to the building and grown turnover by a third during their tenure. The business is presented in excellent order throughout and benefits from trade from the local community and surrounding villages.Michael Easton, associate director in JLL’s Hotel and Hospitality team in Exeter, said: “It is incredibly rare for a well-known and popular public house such as The Beer Engine to come to the market, especially one that offers a 24-hour drinking licence. With this in mind and given the pub’s healthy balance sheets, we expect there to be significant interest from those looking to take on an already well-established business venture.”
Mike and Jan Tutty, owner’s of The Beer Engine, said: “We have spent many happy years building on The Beer Engine’s reputation into the successful operation that it is today, though we’re happy to admit there is still room for improvement! The brewery has a huge amount of potential on which we did not fully capitalise during our tenure and we believe that a new owner would be able to raise the profile of the pub to a wider catchment area.
“We feel extremely privileged to have been part of such a local institution and hope the new owners can enjoy it as much as we have.”
The Beer Engine is situated in the scenic village of Newton St Cyres, approximately four miles north-west of Exeter and easily accessible from the A377 which connects Exeter and Barnstaple.
The village is supported by another public house, a Post Office and a primary school, as well as other local amenities. Plans are afoot to have a new school location and 25 extra houses built within walking distance of The Beer Engine.
The current owners are assisted by a full complement of staff and further details will be available to interested parties once formal viewings have taken place.
+44 (0)139 242 9381
Cathrine Harrison -PR
Head of UK Marketing and Communications
+44 (0)161 828 6407