Garratt Tavern Wandsworth
89 Garratt Lane, London, SW18 4DWAgreement Type:
Just Add Talent
View details for Garratt Tavern Wandsworth
White Horse Hampstead (previously Cork & Bottle)
White Horse Hampstead (previously Cork & Bottle)
154, Fleet Rd, Hampstead, London, NW3 2QX Pub Code: 0090052101
Pub Code: 0090052101
Foundation TenancyEst Min Ingoing Costs: £23,150
Annual Rent: £91,802
Unique opportunity in a sough after area! Cork & Bottle is a premium high street pub in the sought after area of Hampstead Heath.
What would you do with this pub to make it a success?
The Area:
The Cork & Bottle is located in the sought after location of Hamstead Heath, close to Royal Free Hospital. The pub benefits from a high footfall from morning until evening.
Demographics:
The pub is one of 11 pubs found in an area of around 12,581 adults. The customer base is made up of mostly mid-life people of high affluence.
The Offer:
Available on our FRI agreement. Click here for more information on this agreement. The potential of this pub lies in developing a strong food & drinks offer, and creating a premium high street pub. The area would benefit from a quality Sunday Roast or similar high end pub food.
The site currently has the ability to drive trade via a strong drinks offering as well as multiple screens for sports.
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 business. They will have a clear vision for their food & drinks menu and a strong rhythm of the week. Can create a memorable experience and community feel for their customers.
Trading Area & Facilities
- Main trading area with bar
- 80 internal covers
- 10-20 external covers
- Catering kitchen
- HEINEKEN SmartDispense
- Small courtyard
Private Accommodation
The pub has no private accommodation.
Estimated Total Ingoing Costs
£50,091
Estimated Minimum Ingoing Costs
£23,150
Annual Rent
£91,802
Estimated Annual Turnover
£1,133,602
Deposit
£22,951
Estimated Fixtures & Fittings Value
£11,640
Estimated Stock Valuation
£12,000
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:
154, Fleet Rd, Hampstead, London, NW3 2QX
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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
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