Queens Head Wormley

66 High Road, 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
  • Queens Head Wormley
  • Queens Head Wormley
  • Queens Head Wormley

Queens Head Wormley

Fantastic Location - The Queens Head enjoys around 11,000 adults living within one mile and is situated on a busy road, resulting in a high level of passing footfall. The pub is within walking distance of residential housing and near the local school, providing a fantastic opportunity to open an attractive, family-friendly pub to appeal to the nearby community.

Gap in the Market - This is the only pub in the surrounding area that will focus on families, offering kids play equipment and an excellent, child-friendly garden. This creates a great opportunity for a stand-out pub that appeals to the local demographic.

The Queens Head has incredible potential, all we're missing is the right person to take it forward. So, could that be you?

Pub Features

  • Rolling Tenancy
  • Function Room
  • Car Parking
  • Refurbishment Planned
  • 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 trade area will be refurbished and redecorated, creating the perfect space for customers to enjoy a relaxed drink or bite to eat in a welcoming environment. Also a brand-new extension will be created to provide an additional 60 covers, offering a child-friendly space which can also be adapted to be used as a private function room. The garden will be completely refurbished and enhanced to create a fantastic, family-friendly area which customers can enjoy all year round, particularly during the warmer months.

Post-refurbishment, The Queens Head will be a welcoming, family-friendly pub where customers will love to spend their time. The pub will offer a great new menu and selection of drinks, sold at a fantastic value. Quality coffee with the opportunity for coffee and cake mornings. A fantastic children's play area. An excellent family-friendly outdoor area. An opportunity for private functions.


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 £
53,000
Estimated Annual FMOP (Licensee Profit) £
53,636
Representative HEINEKEN UK Brand Discount Per Barrel £
100
Estimated Annual Turnover £
602,331
Estimated Annual Barrelage
263

“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

*** FMOP = Fair Maintainable Operating Profit

Investment

Ingoing Costs
Estimated Licensee Fixtures & Fittings Value £
41,000
Estimated Fixtures & Fittings Valuation Fee £
250
Estimated Stock Valuation £
8,000
Deposit Amount £
13,250
Rent In Advance £
4,417
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 £
68,977
Estimated Minimum Ingoing Costs £
19,144

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) £
6,108

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