Three Tuns Hemel Hempstead
Belswains Lane, Hemel Hempstead, HP3 9XBAgreement Type: Investment Tenancy
View details for Three Tuns Hemel Hempstead
Jubilee Adeyfield
The Queens Square, Hemel Hempstead, HP2 4EW
Pub Code: 2302878101
Key Features
- Foundation Tenancy
- Catering Kitchen
- Private Accommodation
- Outdoor Trade
- Pub Games
Est Min Ingoing Costs: £15,576
Annual Rent: £24,906
More Information
The area:
The Jubilee is located in the heart of the Hemel Hempstead, directly opposite a shopping centre, the community centre and a supermarket therefore passing footfall is high. The pub is surrounded by shops, food and retails outlets and mixed housing.
Demographics:
The pub benefits from being one of 2 pubs found in an area of around 5,000 adults. The customer base is made up of families with children and older singles.
The offer
Available on our foundation tenancy agreement. Click here for more information on this agreement. The potential of this pub lies in introducing a well thought through 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 sports, live entertainment and selection of pubs games, such as pool. It offers a selection of popular beers, ciders, wines and spirits and a pub classic menu.
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
- 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 pub’s next chapter…
Trading Area & Facilities
- Main trading area with bar
- Separate pool / games room
- 50 internal covers
- 40 external covers
- Catering kitchen
- SmartDispense
- Garden
- On street parking available
- Pub Games
Private Accommodation
Private accommodation consists of 3 bedrooms, kitchen, a living room and bathroom.
| Annual Rent | £ 24,906 |
| Estimated Annual Turnover | £ 387,217 |
| Deposit | £ 6,227 |
| Estimated Fixtures & Fittings Value | £ 21,778 |
| Estimated Stock Valuation | £ 10,000 |
| Estimated Working Capital | £ 3,500 |
| Estimated Total Ingoing Costs | £ 41,505 |
| Estimated Minimum Ingoing Costs | £ 15,576 |
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:
The Queens Square, Hemel Hempstead, HP2 4EW
More properties in this region
Old Chequers Hemel Hempstead
Gaddesden Row, Hemel Hempstead, HP2 6HHAgreement Type: Investment Tenancy
View details for Old Chequers Hemel Hempstead
Lamb Berkhamsted
277 High Street, Berkhamsted, HP4 1AJAgreement Type: Just Add Talent
View details for Lamb BerkhamstedTo 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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