William Morris Walthamstow
807/809 Forest Rd, Walthamstow, London, E17 4JDAgreement Type:
Investment Tenancy
View details for William Morris Walthamstow
Queens Head Wormley
Queens Head Wormley
66, High Road, Broxbourne, EN10 6JN Pub Code: 2302419101
Pub Code: 2302419101
Foundation TenancyEst Min Ingoing Costs: £10,176
Annual Rent: £26,108
The area
The Queens Head is located in the village of Wormley, with direct routes into London City Centre. The pub is surrounded by mixed housing.
Demographics
The pub benefits from being one of 2 pubs found in an area of around 4,000 adults. The customer base is made up of families and older singles.
The offer
Available on our foundation tenancy agreement. Click here for more information on this agreement. The potential of this pub lies in developing a strong food & drinks offer. What food & drinks would you look to implement in the pub?
It offers a selection of popular beers, ciders, wines and spirits, a pub classic menu, and cask ales.
We’re always open to new ideas, what would you do to drive trade?
Attitude is more valuable than experience. If you’ve got the following, we’d love to hear from you.
- Understanding of the local community
- You know what it takes to build a successful business
- You love hospitality and are great with 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…
Trading Area & Facilities
- Main trading area with bar
- 60 internal covers
- 6 external covers
- Catering kitchen
- SmartDispense
- Large garden
- Large car park
Private Accommodation
Private accommodation consists of 3 bedrooms, kitchen, a living room and bathroom.
Estimated Total Ingoing Costs
£24,527
Estimated Minimum Ingoing Costs
£10,176
Annual Rent
£26,108
Estimated Annual Turnover
£395,953
Deposit
£6,527
Estimated Fixtures & Fittings Value
£10,000
Estimated Stock Valuation
£4,500
Estimated Working Capital
£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.
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:
66, High Road, Broxbourne, EN10 6JN
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To apply for this pub or for additional information, please contact us directly
Freephone:
08085 94 95 96
Email us at
enquiries@starpubs.co.uk
Or visit
www.starpubs.co.uk
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