Queens Head Wormley
66 High Road, Broxbourne, EN10 6JNAgreement Type: Foundation Tenancy
View details for Queens Head Wormley
Old English Gentleman Cheshunt
253, Turners Hill, Waltham Cross, EN8 9DG
Pub Code: 2302041101
Key Features
- Investment Tenancy
- Live Sports and Entertainment
- Outdoor Space
- Wet Led
- Private Accommodation
Est Min Ingoing Costs: £38,155
Annual Rent: £28,000
More Information
The Old English Gentleman in Chesthunt is a traditional English pub. Perfect for an operator who can drive wet sales, developing a pub that is at the heart of the local community.
You can be part of a complete makeover for the Old English Gentleman that sits in the heart of Cheshunt
What would you do with this pub to make it a success?
The area
The Old English Gentlemen is located in the town of Cheshunt 13 miles north of London on the river Lea. The pub is surrounded by residential housing.
Demographics
The area has a good mix of families, sports teams, and groups, with 21,000 adults living within a 20-minute walk
The offer
Available on an Investment tenancy agreement. Click here for more information on this agreement. The potential of this pub lies in introducing a well thought through drinks menu, the organising of live events and engagement with the local community.
A Successful Offer would look like this –
Drinks:
Full range of beers and cider slow and no alcohol options such as Heineken 0.0, alongside quality wine, spirits and soft drinks options.
Coffee:
A great coffee offering, ensuring a satisfying brew every time.
Events:
Offer a lively rhythm every week with live entertainment and a full sports package. Utilise the dedicated sports area on the side of the pub to enhance the viewing experience for your customers.
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
- 57 internal covers
- 96 external covers
- Live Sports Area
- Patioed garden
- Car park with 6 spaces
Private Accommodation
Private accommodation consists of 3 bedrooms, kitchen, bathroom, living room and office.
| Annual Rent | £ 28,000 |
| Estimated Annual Turnover | £ 344,919 |
| Deposit | £ 7,000 |
| Estimated Fixtures & Fittings Value | £ 22,655 |
| Estimated Stock Valuation | £ 5,000 |
| Estimated Working Capital | £ 3,500 |
| Estimated Total Ingoing Costs | £ 38,155 |
| Estimated Minimum Ingoing Costs | £ 38,155 |
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:
253, Turners Hill, Waltham Cross, EN8 9DG
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Freephone:
08085 94 95 96
Email us at
enquiries@starpubs.co.uk
Or visit
www.starpubs.co.uk
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