Black Horse Barnet
Black Horse Barnet
92, Wood Street, Barnet, EN5 4BW Pub Code: 2300256101
Pub Code: 2300256101
Investment TenancyEst. Annual Turnover: £1,258,247
Annual Rent: £111,545
We are planning to invest around £450,000 in the Black Horse, Barnet, transforming it into a welcoming food-and-drink destination with refreshed interiors and a standout pub garden.
What would you do with this pub to make it a success?
About the area
The Black Horse is set in a residential part of Barnet, close to the town centre and next to a park. Its position offers access to local footfall as well as an established neighbourhood audience, with around 18,000 adults living within walking distance. The pub is one of a handful of local options, with four competitor pubs nearby, so there is a strong opportunity to make it stand out through the quality of its offer and surroundings.
The pub currently attracts a loyal, predominantly more mature customer base. The planned investment will help retain those regulars while broadening its appeal to a more diverse audience, especially families and casual diners looking for a comfortable place to eat, drink and spend time together. Refreshed indoor spaces, a stronger food offer and an inviting garden will give people more reasons to visit throughout the week.
The offer
The Black Horse is available on our investment tenancy agreement. Click here for more information on this agreement. Please refer to the 'Refurbishment Details' section for details of the investment being made.
Who we're looking for
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 Black Horse will have extensive experience in food-led, community-focused hospitality businesses. They will have a clear vision for the food and drink menu, how to make the most of the garden and the local marketing strategy, and can create a memorable experience for their 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
The refurbishment will cover both the interior and exterior of the pub, including a major revamp of its garden. A full list of works and pub floor plan can be found in the Downloads section.
The pub's trading area and facilities post refurbishment will be:
- Main trading area with bar
- Separate dining room
- Snug area
- 83 internal covers
- 105 external covers
- Catering kitchen
- HEINEKEN SmartDispense
- Pub garden
- Four-bedroom private accommodation, included in the refurbishment
Applicants should be aware that all refurbishments are subject to final board approval which will be determined as part of the leasing process.
Where a significant investment is made in a pub by Star Pubs, an "Investment Exemption" will be required. The exemption means that the option of a Market Rent Option lease won't be available at rent review for a period of up to seven years for this site, as per The Pub Code (2016).
Private Accommodation
With our 5 Star Promise, the rent at the start of your agreement is fixed until the end of its initial term.
Indicative entry costs
£88,386
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.
What we're planning & why
An investment of approximately £450,000 is planned to deliver a full transformation of the Black Horse, covering its interior, exterior and pub garden. The scheme is designed to create a more distinctive, welcoming local with a compelling food and drink offer, flexible areas for different occasions and an outdoor space that becomes a major reason to visit.
What's happening?
The pub garden will be revamped to create a real standout feature, with space for 105 external covers. Together with improvements to the connection between the inside and outside, this will make it easier for guests to move between the two areas and help the pub appeal to families, groups and customers looking for relaxed outdoor socialising.
A refitted commercial kitchen will support a much stronger food proposition and help the operator develop an attractive, consistent menu for casual dining. Internally, the planned décor refresh will improve the overall customer experience across the main bar, separate dining room and snug, providing different spaces for everything from a quick drink to a meal with family or friends. There will be 83 internal covers.
New external signage will give the Black Horse a more prominent identity and a warmer welcome, helping it compete for passing and local trade. The scheme will also include refurbishment of the four-bedroom private accommodation. HEINEKEN SmartDispense will support the drinks operation.
The operator will have an important role in bringing these improvements to life. A well-executed food menu, a quality drinks selection, friendly service and a programme of locally relevant promotions will be key to creating repeat visits, making the most of the garden and strengthening the Black Horse’s reputation in the community.
Why invest?
This investment is intended to reposition the Black Horse as a stronger food-and-drink pub for Barnet, building on its loyal regulars while attracting more families and casual diners. An improved kitchen creates scope for higher food sales, while the upgraded garden and refreshed trading areas can support longer stays, more occasions and increased customer spend. The briefing projects a 100% uplift in turnover following the proposed transformation, subject to the performance of the business and successful delivery of the offer.
To explore some of our recent successful pub investment projects, please see our Investment Showcase page.
Location:
92, Wood Street, Barnet, EN5 4BW
Selected pub
Other pubs
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
Or visit
www.starpubs.co.uk
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