Thekaa Watford
151 The Parade, Watford, WD17 1NAAgreement Type:
Foundation Tenancy
View details for Thekaa Watford
Estcourt Arms Watford
Estcourt Arms Watford
2, St Johns Road, Watford, WD17 1PT Pub Code: 2303393101
Pub Code: 2303393101
Foundation TenancyEst Min Ingoing Costs: £11,244
Annual Rent: £20,939
A fantastic opportunity to take over a community focused pub.
What would you do with this pub to make it a success?
The Area
The Estcourt Arms is located in the town of Watford, close to Watford railway station. The pub is surrounded by residential housing with a few commercial premises nearby.
Demographics
The pub benefits from being one of a number of pubs found in an area of around 7500 adults. The community led pub’s customer base is made up of affluent young professionals and young families.
The offer
Available on our foundation tenancy agreement. Click here for more information on this agreement. The potential of this pub lies in developing a well thought through wet 80% / dry 20% food & drinks offer.
What food & drinks would you look to implement in the pub?
The site currently has the ability to drive trade via a well-designed live entertainment programme and live sports. It offers a selection of popular beers, ciders, wines, spirits and coffees.
We’re always open to new ideas, what would you do to drive trade?
Attitude is more valuable than experience. If you’ve got the following, we’d love to hear from you.
•Understanding of the local community.
•You know what it takes to build a successful business.
•You love hospitality and are great with 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
Trading areas and facilities
•Main trading area with bar
•30 internal covers
•30 external covers
•Small kitchen
•SmartDispense
• Patioed courtyard garden.
•Separate Snug bar
Private Accommodation
Private accommodation consists of 2 bedrooms, a living room, bathroom and kitchen.
Estimated Total Ingoing Costs
£19,841
Estimated Minimum Ingoing Costs
£11,244
Annual Rent
£20,939
Estimated Annual Turnover
£263,826
Deposit
£5,232
Estimated Fixtures & Fittings Value
£5,109
Estimated Stock Valuation
£6,000
Estimated Working Capital
£3,500
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:
2, St Johns Road, Watford, WD17 1PT
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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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