Gallery View
Key Highlights
- Prime location in centre of affluent Hertfordshire village
- Destination appeal but still close to residential areas of Northaw, Cuffley & North London
- Well presented throughout with great kerb appeal and parking on site for patrons
- Commercial kitchen in place to support food offer and growth
- Good external space for drinking & dining including an enclosed picturesque garden to the rear
- Payment plan available for fixtures and fittings
Pub Overview
The Two Brewers is very well presented village pub finished to a high level and ready to trade with a well equipped commercial kitchen and enclosed garden to the rear and good sized car park to the side.
The pub is a single bar operation that offers a relaxed and inviting customer experience. The pub is well zoned and offers a conservatory style dining area with a well proportioned relaxed drink/dining area full of character that creates a friendly cosy traditional atmosphere.
Suitable Applicants
The diversity and ‘classic country pub’ personality of The Two Brewers make it an ideal fit for an operator with experience of running a quality food and community-based business. Key attributes include a keen eye for detail, a taste for quality food and the ability to train staff in order to ensure consistently outstanding customer service. In order to maximise the site’s potential it is essential that applicants are community-oriented and possess the financial skills required to operate a business of this turnover
Financial Overview
ANTICIPATED INVESTMENT REQUIRED
We estimate the Investment required for this pub would be as follows:
|
APPROXIMATE TOTAL Please note that these are estimated figures, given as a guide only, and do not include fixtures and fittings. |
£25,000 |
|
Security Deposit Approximate figure, paid in advance to Wells & Co. Ltd held to cover credit and rental charges. Returnable at the end of the agreement. |
£10,000 |
|
Stock and Glassware In the region of (paid to the outgoing licensee on the day of changeover) to cover the value of opening stock. |
£5,000 |
|
Valuers Fees In the region of(paid to valuer) for valuing fixtures and fittings.Minimum working capital required |
£800 |
|
Training Course Fees per person(payable to Wells & Co. Ltd) 5 day induction course mandatory for all licensees – NB £800 for two people |
£550 |
|
Administration Fee In the region of(payable to Wells & Co. Ltd in advance) to cover e.g. premises license changes, solicitors fees, and agreement |
£450 |
|
Advance Rent In the region of(usually 1 month) |
£2,190 |
|
Working Capital Minimum working capital required |
£10,000 |
|
Fixtures and Fittings Estimated valuation (paid to the outgoing licensee via the valuer at least 7 days in advance) to purchase e.g. carpets, curtains, tables and chairs, kitchen equipment. |
£30,000 |
ANTICIPATED RETAINED INCOME
|
Drink Sales 60% |
|
|
Food Sales 40% |
|
|
Accommodation 0% |
|
|
FMT = Fair Maintainable Trade |
Ongoing Costs
|
Rent in the region of (payable monthly in advance) |
£26,250 pa |
|
Service Charge Payable monthly, to include: Cellar cooling service, Buildings insurance, Fire Compliance, Boiler maintenance (tenancies only). NICEIC Electrical Test (tenancies only) |
£4,000 pa |
|
Accountancy Services Fees for a nominated accountant |
£4,254 pa |
|
Stocktaking Services We recommend all licensees should have six professional stocktakes per annum |
£1,356 pa |
Pub Details
Could this be the pub for you?
Please ring 01234 244453 to speak with our recruitment team
