Queens Head Wormley

66 High Road, Broxbourne, Broxbourne EN10 6JN

  • Queens Head Wormley
  • Queens Head Wormley
  • Queens Head Wormley
  • Queens Head Wormley
  • Queens Head Wormley
  • Queens Head Wormley
  • Queens Head Wormley
  • Queens Head Wormley
  • Queens Head Wormley
  • Queens Head Wormley
  • Queens Head Wormley
  • Queens Head Wormley
  • Queens Head Wormley
  • Queens Head Wormley
  • Queens Head Wormley

Queens Head Wormley

Recently Refurbished and in a great location. The Queens Head is situated on the main road through Wormley, Broxburne and has close links to the nearby A10 and is surrounded by parks, golf clubs, rivers and lakes. Because of it's great location, the pub has good footfall opportunities and needs to cater for everyone and all occassions. Innovative and experience operator required. Drive the multiple income streams in this lovely pub, provide excellent food and drinks and create an exciting events calendar to maximise the pubs appeal.

Pub Features

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

Trading Area & Facilities

The Queens Head is a large pub and is open plan inside with a catering kitchen and plenty of space for dining. The outside trading area is a real jewel and has both patio and large grass areas and a family friendly play area and car park. This provides a great opportunity to be unique in the area and attract more families into the pub.

Private Accommodation

The private accommodation consists of 3 bedrooms, kitchen & bathroom and a lounge and 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 the Premises Licence for further details.

Premises Licence Opening Hours

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

Financials

Annual Rent £
25,000
Estimated Annual FMOP (Licensee Profit) £
25,628
Representative HEINEKEN UK Brand Discount Per Barrel £
100
Estimated Annual Turnover £
254,352
Estimated Annual Barrelage
149

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 £
10,000
Estimated Fixtures & Fittings Valuation Fee £
250
Estimated Stock Valuation £
3,000
Deposit Amount £
6,250
Rent In Advance £
2,083
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 £
23,643
Estimated Minimum Ingoing Costs £
10,393

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