Thekaa Watford
151 The Parade, Watford, WD17 1NAAgreement Type:
Foundation Tenancy
View details for Thekaa Watford
Estcourt Arms Watford
Estcourt Arms Watford
2, St Johns Road, Watford, WD17 1PT Pub Code: 2303393101
Pub Code: 2303393101
Investment TenancyEst Min Ingoing Costs: £18,436
Annual Rent: £18,945
A full refurbishment will transform the appeal of the Estcourt Arms for the local community, and beyond!
What would you do with this pub to make it a success?
The Area:
The Escourt Arms is located just outside Watford’s busy town centre. There are 22,825 adults within 20-minute walk time. The affluent customer base is made up of predominantly young adults.
The Offer:
The Estcourt Arms is available on our investment tenancy agreement. Click here for more information on this agreement.
Once refurbished, the pub will offer a wide range of drinks, including beers, ciders, wines and spirits alongside a variety of soft drinks and low and no alcohol options, to cater to everyone. A coffee offer, attracting day-time visitors and non-drinkers will also broaden the pubs appeal.
The pub will offer live entertainment and sports, pool, darts and events catered to customer demand.
We’re always open to new ideas, what would you do to drive trade?
The Operator:
Attitude is more valuable than experience. If you’ve got the following, we’d love to hear from you:
- Understanding of the local community
- You know what it takes to build a successful business
- You love hospitality and are great with 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
The Estcourt Arms will be undergoing a refurbishment which will cover the interior and exterior of the pub.
A full list of works and pub floor plan can be found in the ‘Refurbishment Details’ in the downloads section.
The pubs trading area and facilities post refurbishment will be:
- Main trading area with bar
- 47 internal covers
- 32 external covers
- Function room
- HEINEKEN SmartDispense
- Courtyard
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, 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 three bedrooms.
Estimated Total Ingoing Costs
£18,436
Estimated Minimum Ingoing Costs
£18,436
Annual Rent
£18,945
Estimated Annual Turnover
£270,258
Deposit
£4,736
Estimated Fixtures & Fittings Value
£6,200
Estimated Stock Valuation
£4,000
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:
2, St Johns Road, Watford, WD17 1PT
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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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