Gallery View
Key Highlights
- Complete Internal & External refurbishment planned pre opening
- Potential profit in the region of £40,000 per annum
- Private car park with capacity for circa 65 vehicles
- Pub sports area with TV & separate area for dining with capacity for c110 food covers on separate levels
- Dining courtyard (30 benches) and extremely large beer garden with further benches
Pub Overview
This classic 18th century venue, loved by many Welwyn locals and visitors to the town alike, was previously operated under a steak house concept named Cooper's Grill House. Closed since the Pandemic in March 2020, the pub will have a major investment to refocus the business on the local community with traditional Pub sports, sports TV and a traditional food menu estimated at 75% to 25% wet led. The pub will be completely revamped internally with quality furnishings separating areas for sports, relaxing and dining. The plans include extensive works on the garden to give customers a great area to eat or drink in the fantastic British weather!
Suitable Applicants
We are looking for a Sales Share operator!!
The Beehive is a large, multifaceted business and as such needs an experienced operator to manage it successfully and build sales and profits. Given the size of the business it is essential that potential new licensees have a high level of commercial acumen. To reach the potential sales, our new operators will need to be able to very actively promote and market the business.
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 |
£9,000 |
Security Deposit Payable in advance to Wells to cover charges incurred by your business (If your business is to operate as a limited company a bond of £10,000 is required, together with a personal guarantee for all directors) |
£6,000 |
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 |
Working Capital Minimum working capital required |
£2,000 |
Stock & Glassware In the region of to cover the value of opening stock |
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Valuers Fee In the region of (paid to valuer) for valuing fixtures and fittings. |
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Advanced Rent In the region of (usually 1 month) |
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Fixtures & Fittings Estimated valuation to purchase e.g. carpets, curtains, tables and chairs, kitchen equipment (£ est) |
Ongoing Costs
Service Charge Payable monthly, to include: Cellar cooling service, Extract clean, Buildings insurance, Fire Compliance, Boiler maintenance (tenancies only). Electrical Test (tenancies only) |
£2,629 |
Accountancy Services Fees for a nominated accountant (in the region of) |
£3,905 |
Stocktaking Services Six professional stocktakes per annum recommended |
£960 |
Rent In the region of (payable monthly in advance) |
£0 |
Pub Details
Could this be the pub for you?
Please ring 01234 244453 to speak with our recruitment team