Thekaa Watford
151 The Parade, Watford, WD17 1NAAgreement Type:
Foundation Tenancy
View details for Thekaa Watford
Hour Glass
Hour Glass
144, Chapel Lane, High Wycombe, HP12 4BY Pub Code: 0020582101
Pub Code: 0020582101
Foundation TenancyEst Min Ingoing Costs: £10,657
Annual Rent: £19,879
The Hour Glass is a locals sports pub in High Wycome. It’s in a great position as its very close to Wycombe Wanderers Football Club. It does well on match days as it’s the closest pub to the ground. The pub is surrounded by houses and there are very few pubs around so it should be the go to pub in the area.
The pub benefits from being the only pubs found in an area of around 2813 adults. The main customer base is built of families and older professionals as well as young renters.
Available on our foundation tenancy agreement, the potential of this pub lies in maintaining a well thought through small snack food offer & drinks offer. What drinks would you look to implement in the pub?
The site currently has the ability to drive trade via live sports, pub games machines and live entertainment. We’re always open to new ideas, what would you do to drive trade?
Attitude is more valuable than experience. If you’ve got the following, we’d love to hear from you.
- Understanding of the local community
- Understanding of how to build a successful business
- Ability to engage with customers from behind the bar
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
- One bar operation.
- Separate lounge area.
- Pool and darts area with machines and TVs showing sport
- Large garden to the rear/front patio area for drinks.
- Parking for up to 7 cars.
- The site has a small kitchen so could put in place a simple snack or pizza offer.
Private Accommodation
The private accommodation consists of three bedrooms, kitchen, bathroom and living room.
Estimated Total Ingoing Costs
£23,970
Estimated Minimum Ingoing Costs
£10,657
Annual Rent
£19,879
Estimated Annual Turnover
£279,557
Deposit
£4,970
Estimated Fixtures & Fittings Value
£10,000
Estimated Stock Valuation
£5,500
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:
144, Chapel Lane, High Wycombe, HP12 4BY
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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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