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Bodega Watford

151, The Parade, Watford, WD17 1NA

Pub Code: 2302386101

Key Features

  • High Street Bar
  • Premium Interior
  • Late Night Venue
  • Courtyard Garden
  • Large Open Fire

Est Min Ingoing Costs: £11,722

Annual Rent: £40,000

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More Information

Bar Bodega is situated on Watford's busy high street parade. Surrounded by a number of well-known high street bars and nightclubs, Bodega puts itself above the rest by being the premium, independent venue. Local demographics are a broad range due to the attraction of the high street shops, restaurants, bars and entertainment venues.
Being on the high street there are a number of reasons for people to go to Bodega but the large shopping centre is at the other end of the High Street and Watford Football Ground is less than a mile away. The paved area outside the venue has 2 large events a year which is a great footfall driver.
Currently operating as a late evening cocktail and wine venue that shows music/movies at weekends. Small food offer of Pizzas and smaller plates. No machines or sports due to the venue type.

The Bodega needs to be a chameleon style venue that offers coffees and pastries in morning for commuters and workers/hot desks. Need to have a unique high quality food offer to compete with the likes of The Florist and chain bar/restaurants. Lunch time bottomless brunches at weekends with great events, movie nights, comedy nights. Needs to have a real Unique Selling Point.

  • Live Sports

  • Catering Kitchen

  • Music Venue

  • Cask Ale

  • Foundation Tenancy

Trading Area & Facilities

The Bodgea has a great open drinking and dining space with a secret covered courtyard. A large/oversized open fire with multiple years worth of melted candle wax covering to bring a rustic and classic feel.

Private Accommodation

None

Premises Licence Details

Please see Premises Licence

Premises Licence Opening Hours

Mon Tue Wed Thu Fri Sat Sun
10:00 -
00:00
10:00 -
00:00
10:00 -
00:00
10:00 -
00:00
10:00 -
00:00
10:00 -
00:00
12:00 -
23:30

Annual Rent £
40,000
Estimated Tenants Annual Operating Profit £
39,999
Representative HEINEKEN UK Brand Discount Per Barrel £
130
Estimated Annual Turnover £
533,941
Estimated Annual Barrelage
137
* 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

Ingoing Costs
Estimated Licensee Fixtures and Fittings Value £
40,000
Estimated Fixtures and Fittings Valuation Fee £
250
Estimated Stock Valuation £
6,000
Deposit Amount £
10,000
Rent in Advance £
769
Training Fee £
425
Estimated Designated Premises Supervisor / Manager Fee £
60
Premises Licence Fee £
295
Rates Assessment Fee £
55
Estimated Legal Fees £
650
Estimated Total Ingoing Costs £
58,389
Estimated Minimum Ingoing Costs £
11,722
In order to ensure a successful start-up, all applicants must have a minimum £10,000 un-borrowed funds.
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 are not included in the rent model or ongoing costs below.
Note that on FRI 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.
Other SP&B Ongoing Charges
Estimated Annual Building Insurance £
3,405
Estimated Annual Maintenance Compliance Charge £
1,862
Estimated Annual Accountancy & Stocktaking Charge (including tills) £
6108
Estimated Annual Repairs Fund £
3120
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
** 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

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