Hop Poles Enfield

320 Baker St, EN1 3LH

  • Hop Poles Enfield
  • Hop Poles Enfield
  • Hop Poles Enfield
  • Hop Poles Enfield
  • Hop Poles Enfield

Hop Poles Enfield

Excellent Location - Due to its prominent position on a busy junction in the bustling suburb of Enfield, The Hop Poles has two external faces, attracting local and new passing trade. With more than 29,000 adults living within one mile of the pub, the demand for a premium local drinking and dining venue is high. This prime position, as well as the new attractive facade will draw in a large and lucrative market, both day and night.

Competitive Set - The Hop Poles already has a well-established wet trade in the area and the incoming licensee will be able to expand on this with the introduction of a new food offering in the welcoming dining lounge and function room. With a fantastic beer garden, a new food menu, premium drinks and a host of events, this pub will be able to trade at all points of the day and appeal to the whole community.

Pub Features

  • Function Room
  • Music Venue
  • Catering Kitchen
  • Long-Term FRI Lease
  • Outdoor Trade
  • Private Accommodation
  • Cask Ale

Trading Area & Facilities

Once refurbished, The Hop Poles will appeal to:

Local residents looking for a great traditional local pub to watch live sports and enjoy a casual bite to eat.

Families looking for a relaxed environment for coffees and light lunches during the week.

Families looking for a great pub to enjoy a Sunday lunch.

Customers looking for a private function venue in which to celebrate special occasions.

Post-refurbishment, The Hop Poles will be restored and transformed into a great local pub, offering:

A warm and friendly venue in Enfield where customers can mingle over a relaxed drink or a bite to eat.

Events for the local community including live music, sports and a private function room for those special

celebrations.

A new lounge dining area with a fireplace and fixed seating to enjoy a coffee, lunch or Sunday roast.

An attractive courtyard beer garden, perfect for al fresco dining and drinking during the warmer months.

Private Accommodation

The private accommodation consists of 5bedrooms, lounge, kitchen and bathroom, where required there will be appropriate works carried out in line with the Star Pubs & Bars Ready to Trade promise.

Premises Licence Details

please refer to license for full details

Premises Licence Opening Hours

Mon Tue Wed Thu Fri Sat Sun
10:00 - 23:00 10:00 - 23:00 10:00 - 23:00 10:00 - 00:00 10:00 - 00:00 10:00 - 00:00 12:00 - 22:30

Financials

Annual Rent £
47,250
Estimated Annual FMOP (Licensee Profit) £
51,770
Representative HEINEKEN UK Brand Discount Per Barrel £
100
Estimated Annual Turnover £
640,175
Estimated Annual Barrelage
400

“The above figures are provided as a guide only and will be finalised as part of the commercial agreement (please download the rent model from Trading Information section for full financial details).

** All figures quoted are exclusive of VAT

*** FMOP = Fair Maintainable Operating Profit

Investment

Ingoing Costs
Estimated Licensee Fixtures & Fittings Value £
114,119
Estimated Fixtures & Fittings Valuation Fee £
250
Estimated Stock Valuation £
10,000
Deposit Amount £
11,813
Rent In Advance £
3,938
Training Fee £
1,000
Estimated Designated Premises Supervisor / Manager Fee £
60
Premises Licence Fee £
295
Rates Assessment Fee £
55
Estimated Legal Fees £
650
Estimated Total Ingoing Costs £
142,180
Estimated Minimum Ingoing Costs £
20,186

In order to ensure a successful start-up, all applicants must have a minimum £10,000 un-borrowed funds.

The Estimated Licensee Fixtures & Fittings (F&F) Value assumes that the pub will be let on a Rolling Tenancy or Business Start-Up Agreement, where we own the majority of the F&F. The F&F Value for Full Repairing & Insuring Leases will be significantly more.

The calculation of the Estimated Minimum Ingoing Costs assumes a minimum deposit of 1 month's rent or £3,000 (whichever is greater) 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.

Other SP&B Ongoing Charges
Estimated Annual Buildings Insurance £
TBC
Estimated Annual Maintenance Compliance Charge £
TBC
Estimated Annual Accountancy & Stocktaking Charge (including tills) £
4,908

The above figures are provided as a guide only and will be finalised as part of the commercial agreement (please download the rent model from Trading Information section for full financial details)

* 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

****** The above figures assume that rent is billed weekly in advance and that Star Pubs & Bars retain ownership of large fixtures and fittings. Initial costs for a Fully Repairing and Insuring lease will be higher as rent is invoiced monthly in advance and all fixtures and fittings must be purchased