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Jolly Brewers Bishops Stortford

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Jolly Brewers Bishops Stortford

170, South Street, Bishop's Stortford, CM23 3BQ Pub Code: 2302411101

Pub Code: 2302411101

Foundation Tenancy

Est. Annual Turnover: £348,802

Annual Rent: £33,774

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Community pub on the outskirts of Bishops Stortford with beer garden and 6 letting rooms.

What would you do with this pub to make it even more of a success?

The area

The Jolly Brewers is located in the town of Bishops Stortford, close to Stansted Airport. The pub is surrounded by residential housing.

Demographics

The pub is one of 11 pubs found in an area of around 6,362 adults. The diverse customer base is made up of a range of age groups of mostly medium and high affluence.

The offer

Available on our foundation tenancy agreement. Click here for more information on this agreement. The potential of this pub lies in maintaining a good quality wet let offer, a community focus, and experience with businesses wth accommodation. What would you look to implement in the pub?

The site currently has the ability to drive trade via a good quality wet led offer, community focused calendar of events, and the 6 letting rooms and outdoor trading space.

We’re always open to new ideas, what would you do to drive trade?

If you’ve benefited from running or owning a pub business, we’d love to hear what experience you can bring. Experience with businesses with accommodation is preferred but not essential.

The right operator for the pub will have extensive experience in a similar hospitality business. They will have a clear vision for their drinks menu and events 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…

  • Outdoor Trade

  • Letting Rooms

  • Private Accommodation

  • Foundation Tenancy

Trading Area & Facilities

  • Main trading area with bar
  • 32 internal covers
  • Beer garden
  • 6 letting rooms

Private Accommodation

Private accommodation consists of 3 bedrooms, a living room, downstairs kitchen, and bathroom.

Pub Financials Icon

With our 5 Star Promise, the rent at the start of your agreement is fixed until the end of its initial term.


Indicative entry costs range from**:

£11,315 - £26,468

Annual
Estimated Annual Turnover
£348,802
Annual Rent
£33,774
Entry Costs
Deposit
**Deposit build up from 1 month rent
£8,444**
Estimated Fixtures & Fittings Value
**Rented fixtures & fittings deal available
£9,524**
Stock Valuation
£5,000
Working Capital Required
£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.

Location:

170, South Street, Bishop's Stortford, CM23 3BQ

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