William Morris Walthamstow
807/809 Forest Rd, Walthamstow, London, E17 4JDAgreement Type:
Investment Tenancy
View details for William Morris Walthamstow
Chandos Arms London
Chandos Arms London
31, Colindale Avenue, London, NW9 5DS Pub Code: 0020493101
Pub Code: 0020493101
Foundation TenancyEst Min Ingoing Costs: £11,833
Annual Rent: £40,000
The Chandos Arms is located in the area of Collingdale, close to North West London. The pub is surrounded by mixed housing.
The pub benefits from being one of 3 pubs found in an area of around 8570 adults. The mixture of young professionals, families, students and retirees form the customer base for this pub.
Available on our foundation tenancy agreement, the potential of this pub lies in introducing a well thought through 80/20 food & drinks offer. What food & drinks would you look to implement in the pub?
The site currently has the ability to drive trade via live entertainment, selection of pub games, such as pool, and darts. It offers a selection of popular beers, ciders, wines and spirits, cask ales, and a pub classic menu. 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 businesses. They will have a clear vision for their food & drinks menu, marketing strategy and entertainment offer 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 pubs next chapter…
Trading Area & Facilities
- Main trading area with bar
- Open plan backroom.
- 100 internal covers
- 40 external covers
- Large kitchen
- Planned install off SmartDispense
- Patioed garden.
- Pool table dart board & games area
Private Accommodation
Private accommodation consists of 3 bedrooms, a living room, kitchen, bathroom, and an office.
Where required there will be appropriate works carried out in line with the Star Pubs & Bars Ready to Trade promise.
Estimated Total Ingoing Costs
£27,000
Estimated Minimum Ingoing Costs
£11,833
Annual Rent
£40,000
Estimated Annual Turnover
£501,492
Deposit
£10,000
Estimated Fixtures & Fittings Value
£8,500
Estimated Stock Valuation
£5,000
Estimated Working Capital
£3,500
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.
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.
Location:
31, Colindale Avenue, London, NW9 5DS
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To apply for this pub or for additional information, please contact us directly
Freephone:
08085 94 95 96
Email us at
enquiries@starpubs.co.uk
Or visit
www.starpubs.co.uk
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