Hop Poles Enfield

320 Baker St, Enfield, Enfield EN1 3LH

  • Hop Poles Enfield
  • Hop Poles Enfield - 320 Baker St - Enfield
  • Hop Poles Enfield - 320 Baker St - Enfield
  • Hop Poles Enfield - 320 Baker St - Enfield
  • Hop Poles Enfield - 320 Baker St - Enfield
  • Hop Poles Enfield - 320 Baker St - Enfield
  • Hop Poles Enfield - 320 Baker St - Enfield
  • Hop Poles Enfield - 320 Baker St - Enfield
  • Hop Poles Enfield - 320 Baker St - Enfield
  • Hop Poles Enfield - 320 Baker St - Enfield

Hop Poles Enfield

Fantastic opportunity to acquire a pub in London! The subject of a major refurbishment, the Hop Poles is a large pub that occupies a prominent corner plot on Baker Street, Enfield. This densely populated residential area is supported by great and broad demographics of young and middle aged couples and families.

Externally, a new name "The Enfield Arms", and a new colour scheme will highlight the extent of the transformation at this pub to locals and passers-by. The pub will be supported by an outside trading area for at least 32 covers with alfresco dining.

A full redecoration throughout the interior is also planned. Three different zones will be created. The first zone will be fitted out as a bar, with sports shown on TV, traditional bar furniture, high tables etc., and a space to enjoy a pint with friends and watch sport. The second zone will feel more like a snug bar, a space to relax with a glass of wine / cocktail and enjoy a bite to eat in an informal relaxed setting. The final zone will be decorated to create a lounge / dining / function space flexible to cater for all occasions.

With the opportunity to develop a good food offering for 90+ covers inside and 32+ covers outside with alfresco dining, this pub has a real advantage to be the best food pub in the area! The ideal operator must have suitable food experience to implement a diverse menu alongside pub classics.

Applicants should be aware that all refurbishments are subject to final board approval which will be determined as part of the leasing process.

Pub Features

  • Car Parking
  • Refurbishment Planned
  • Catering Kitchen
  • Long-Term FRI Lease
  • Outdoor Trade
  • Private Accommodation
  • Monthly Billing

Trading Area & Facilities

Externally, this is a large imposing building holding a corner plot. The site will be supported by an outside trading area to the rear for at least 32 covers with alfresco dining. There is also a car park to the side with at least 15 spaces.

Internally, a full redecoration throughout the interior is planned. 3 different zones will be created. The first zone will be fitted out as a bar, with sports shown on TV, traditional bar furniture, high tables etc. The second zone will feel more like a snug bar in an informal relaxed setting. The third and final zone will be decorated to create a lounge / dining / function space flexible to cater for all occasions. The kitchen will be relocated and upgraded with a new open pass to the dining area. The site has the opportunity to develop a good food offering for 90+ covers inside.

Private Accommodation

The private accommodation consists of several bedrooms, 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

See licence for full details.

Premises Licence Opening Hours

Mon Tue Wed Thu Fri Sat Sun
00:00 - 00:00 00:00 - 00:00 00:00 - 00:00 00:00 - 00:00 00:00 - 00:00 00:00 - 00:00 00:00 - 00:00

Financials

Annual Rent £
59,500
Estimated Annual FMOP (Licensee Profit) £
100,190
Representative HEINEKEN UK Brand Discount Per Barrel £
125
Estimated Annual Turnover £
973,240
Estimated Annual Barrelage
503

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).

Historical volume figures may not include purchases made through 3rd Parties.

** All figures quoted are exclusive of VAT

*** FMOP = Fair Maintainable Operating Profit

Investment

Ingoing Costs
Estimated Licensee Fixtures & Fittings Value £
114,804
Estimated Fixtures & Fittings Valuation Fee £
250
Estimated Stock Valuation £
10,000
Deposit Amount £
14,875
Rent In Advance £
1,144
Training Fee £
1,000
Estimated Designated Premises Supervisor / Manager Fee £
60
Premises Licence Fee £
350
Rates Assessment Fee £
55
Estimated Legal Fees £
650
Estimated Total Ingoing Costs £
143,188
Estimated Minimum Ingoing Costs £
143,188

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 £
2,321
Estimated Annual Maintenance Compliance Charge £
807
Estimated Annual Accountancy & Stocktaking Charge (including tills) £
5,950

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