Wrestlers Hatfield

89 Great North Road, Hatfield, AL9 5LP

  • Wrestlers Hatfield
  • Wrestlers Hatfield
  • Wrestlers Hatfield
  • Wrestlers Hatfield
  • Wrestlers Hatfield
  • Wrestlers Hatfield

Wrestlers Hatfield

Extensive Refurbishment Planned - An exciting refurbishment will transform The Wrestlers into a versatile, family friendly pub. Maintaining its traditional charm, the pub will be completely upgraded, along with a tasteful redecoration creating a traditional and welcoming vibe. The pubs layout will be completely refigured by relocating the toilets to increase the ground floor trading area and significantly increase covers. This, combined with a fantastic new offering, attractive beer garden and a brand-new kids play area, will attract a wealth of customers from all walks of life.

Great Location - The Wrestlers is situated adjacent to a densely populated residential area, with over 5,000 adults living within a half-mile radius, providing an excellent opportunity to become the hub of the community. There is limited competition nearby, resulting in 1,700 adults per license, further reinforcing the pub's strong position to attract a broad demographic.

Exciting Potential - Currently, The Wrestlers operates predominantly as a wet-led outlet. The incoming lessee will be able to capitalise and expand on this, including the introduction of a delicious new food offering. A new welcoming entrance to the pub will be formed, and the flow between internal zones and the beer garden will be streamlined. All of the above, paired with a cosy, traditional vibe and upgraded interior, will make it the perfect pub for all to enjoy.

Pub Features

  • Car Parking
  • Refurbishment Planned
  • Live Sports
  • Long-Term FRI Lease
  • Outdoor Trade
  • Private Accommodation
  • Smoking Area
  • Pub Games
  • Cask Ale
  • Weekly Billing
  • Monthly Billing

Trading Area & Facilities

Post-refurbishment, The Wrestlers will be a traditional and welcoming pub with a stylish finish. The pub will offer:

A great drinks selection including premium wines and spirits, craft beer, and quality cider.

A fantastic menu offering delicious, home-cooked food for all ages and occasions.

A stylish bar with a relaxed snug area.

A more intimate dining area which will double as a private function room.

A beautiful garden, which can be enjoyed by all.

A fantastic kids play area.

Weekly quiz nights and the potential for live music.

Live sports on TV.

Private Accommodation

The private accommodation consists of 3 bedrooms, kitchen & bathroom and a lounge. Where required there will be appropriate works carried out in line with the Star Pubs & Bars Ready to Trade Promise.

Premises Licence Details

please see premises license for full details

Premises Licence Opening Hours

Mon Tue Wed Thu Fri Sat Sun
11:00 - 00:30 11:00 - 00:30 11:00 - 00:30 11:00 - 00:30 11:00 - 01:30 11:00 - 01:30 12:00 - 00:00

Financials

Annual Rent £
45,000
Estimated Annual FMOP (Licensee Profit) £
48,965
Representative HEINEKEN UK Brand Discount Per Barrel £
125
Estimated Annual Turnover £
543,576
Estimated Annual Barrelage
250

“The above figures are provided as a guide only and will be finalised as part of the commercial agreement (please download the rent model from Trading Information section for full financial details).

** All figures quoted are exclusive of VAT

*** FMOP = Fair Maintainable Operating Profit

Investment

Ingoing Costs
Estimated Licensee Fixtures & Fittings Value £
80,000
Estimated Fixtures & Fittings Valuation Fee £
250
Estimated Stock Valuation £
8,000
Deposit Amount £
11,250
Rent In Advance £
3,750
Training Fee £
1,000
Estimated Designated Premises Supervisor / Manager Fee £
60
Premises Licence Fee £
295
Rates Assessment Fee £
55
Estimated Legal Fees £
650
Estimated Total Ingoing Costs £
105,195
Estimated Minimum Ingoing Costs £
105,195

In order to ensure a successful start-up, all applicants must have a minimum £10,000 un-borrowed funds.

The Estimated Licensee Fixtures & Fittings (F&F) Value assumes that the pub will be let on a Rolling Tenancy or Business Start-Up Agreement, where we own the majority of the F&F. The F&F Value for Full Repairing & Insuring Leases will be significantly more.

The calculation of the Estimated Minimum Ingoing Costs assumes a minimum deposit of 1 month's rent or £3,000 (whichever is greater) and that fixtures and fittings (F&F) are rented. The subsequent deposit build up and F&F rental costs are not included in the rent model or ongoing costs below.

Other SP&B Ongoing Charges
Estimated Annual Buildings Insurance £
1,086
Estimated Annual Maintenance Compliance Charge £
TBC
Estimated Annual Accountancy & Stocktaking Charge (including tills) £
6,108

The above figures are provided as a guide only and will be finalised as part of the commercial agreement (please download the rent model from Trading Information section for full financial details)

* All figures quoted are exclusive of VAT

** Deposit build up will be payable over a maximum of 24 months

*** Fixtures and Fittings annual rental fee should be estimated at 15% of the F&F value. The actual F&F value will be determined on the day of entry

**** Maintenance Compliance Charge relates to the fees for various statutory inspections

***** Estimated Legal Fees is a charge applied to your account by SP&B for creation of your Lease. You are required to engage and pay for your own solicitor - your solicitor's fees are not included in the above estimate

****** The above figures assume that rent is billed weekly in advance and that Star Pubs & Bars retain ownership of large fixtures and fittings. Initial costs for a Fully Repairing and Insuring lease will be higher as rent is invoiced monthly in advance and all fixtures and fittings must be purchased