Old Chequers Hemel Hempstead

Gaddesden Row, Hemel Hempstead HP2 6HH

  • Old Chequers Hemel Hempstead
  • Old Chequers Hemel Hempstead
  • Old Chequers Hemel Hempstead
  • Old Chequers Hemel Hempstead
  • Old Chequers Hemel Hempstead
  • Old Chequers Hemel Hempstead
  • Old Chequers Hemel Hempstead
  • Old Chequers Hemel Hempstead
  • Old Chequers Hemel Hempstead

Old Chequers Hemel Hempstead

Old Chequers is a stunning pub, nestled in the picturesque and historic Gaddesden Estate.
Surrounded by the stunning Hertfordshire countryside this pub is supported by great and broad demographics of young and middle aged couples and families. The pub lies in an extremely well-populated area with over 45,000 adults living within a one mile radius, consisting predominantly of Prosperous owners of country houses, successful farmers and young families with high disposable income.


Pub Features

  • Rolling Tenancy
  • Car Parking
  • Catering Kitchen
  • Outdoor Trade
  • Private Accommodation
  • Smoking Area
  • Childrens Play Area
  • Cask Ale
  • Weekly Billing
  • Monthly Billing

Trading Area & Facilities

The Old Chequers is decorated throughout to a high standard; the stunning pub interior includes fine oak bar panelling, open fireplaces, Leather couches finished with rustic tiled floors. Outside the pub boasts a very large outside trading area, with several benches and tables and chairs. Uniquely it has its own dedicated children's play area this and great Sunday lunch offer will draw many families to the pub.

Private Accommodation

The private accommodation of four bedrooms, a kitchen and living room area and a bathroom. In line with our 'Ready To Trade Promise', should any works be required, we will ensure your private accommodation is in good order so that you can focus your energy on getting the business right.

Premises Licence Details

Please refer to Premises Licence for full details

Premises Licence Opening Hours

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

Financials

Annual Rent £
70,250
Estimated Annual FMOP (Licensee Profit) £
70,315
Representative HEINEKEN UK Brand Discount Per Barrel £
125
Estimated Annual Turnover £
656,773
Estimated Annual Barrelage
146

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 £
20,000
Estimated Fixtures & Fittings Valuation Fee £
250
Estimated Stock Valuation £
6,500
Deposit Amount £
17,563
Rent In Advance £
5,854
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 £
52,227
Estimated Minimum Ingoing Costs £
20,518

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) £
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