Barrels (to be re-named The Cannon)
Cannon Lane, Luton, LU2 8BJAgreement Type: Foundation Tenancy
View details for Barrels (to be re-named The Cannon)Refurbishment Planned
Bull Whitwell
34, High Street, Whitwell, SG4 8AG
Pub Code: 2302390101
Key Features
- Refurbishment Planned
- Catering Kitchen
- Large Garden
- Carpark
- Private Accommodation
Est Min Ingoing Costs: £63,731
Annual Rent: £28,923
More Information
Major refurbishment planned
An extensive refurbishment at this beautiful pub in heart of a picturesque village in Hertfordshire, will include a complete redecoration and refurbishment to the indoor and outdoor trading spaces. We will add a new external courtyard with heating and lighting which will allow for use throughout the year and not just the summer months. This will be a premium pub for locals and those further afield to visit.
Sensational location
The pub itself is located in Whitwell. The garden area backs onto a large field and shows off the beautiful rolling countryside that surrounds the Bull. The pub is also popular with walking groups due to its prime location. The pub benefits from affluent demographics and a strong existing customer base.
Bags of potential
With an excellent range of premium food and drinks, complete refurbishment and a stunning setting all gives the pub untapped potential to be a successful business. The Bull will give people a reason to stay local rather than going into town. The garden with its newly added courtyard will also be a key trade driver and it will boast almost 150 covers inside and out.
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 Bull will have experience in destination food outlet hospitality businesses. They will have a clear vision for their food & drinks menu,and 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…
Target customers:
Once refurbished, the Bull will appeal to:
A wide range of consumers, including local people and visitors
Customers looking for a place to visit before, during or after a countryside walk
Offer:
Quality pub food will be a cornerstone of the offering, and this will be supported by premium drinks options including lagers, wines, ciders and spirits.
A coffee offer will increase daytime trade
Quiz and theme nights throughout the week
Village community events hosted in the pubs outdoor areas will be another key part of the pubs offer.
Trading Area & Facilities
A 2 bar operation with a small private dining room as well. There are some fire places which add to the atmosphere.
A good standard of kitchen servicing 40 covers
Great Garden space alongside a carpark with room for twenty cars.
For further details please see the Refurbishment details.
Scheduled Works
Full internal redecoration in accordance with designer’s drawings
Bar alterations/replacement in accordance with designer’s drawings
Replacement floor coverings in accordance with designer’s drawings
Works in accordance with Spend to Let survey
No works to trade kitchen
Provision of bric-a-brac and F&F in accordance with designer’s drawings
Full external redecoration
New signage scheme as per approved signage proposal
Create bin store and undertake garden enhancements in accordance with designer’s drawings
Works in accordance with Spend to Let survey
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 & Bars, 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
There is 2 bedrooms, lounge, kitchen and bathroom in the private accommodation
| Annual Rent | £ 28,923 |
| Estimated Annual Turnover | £ 389,827 |
| Deposit | £ 7,231 |
| Estimated Fixtures & Fittings Value | £ 47,000 |
| Estimated Stock Valuation | £ 6,000 |
| Estimated Working Capital | £ 3,500 |
| Estimated Total Ingoing Costs | £ 63,731 |
| Estimated Minimum Ingoing Costs | £ 63,731 |
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.
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.
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.
Location:
34, High Street, Whitwell, SG4 8AG
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Freephone:
08085 94 95 96
Email us at
enquiries@starpubs.co.uk
Or visit
www.starpubs.co.uk
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