Estcourt Arms Watford
2 St Johns Road, Watford, WD17 1PTAgreement Type:
Investment Tenancy
View details for Estcourt Arms Watford
Thekaa Watford
Thekaa Watford
151, The Parade, Watford, WD17 1NA Pub Code: 2302386101
Pub Code: 2302386101
Foundation TenancyEst. Annual Turnover: £414,044
Annual Rent: £26,925
1st Year Rent Offer: £20,194
Make The Old Bank Watford’s go-to social spot.
What would you do with this pub to make it a success?
The area
The Old Bank is situated on Watford's busy high street parade. Surrounded by a number of well-known high street bars and nightclubs, The Old Bank puts itself above the rest by being the premium, independent venue. The pub is surrounded by commercial businesses.
Being on the high street there are a number of reasons for people to go to The Old Bank but the large shopping centre is at the other end of the High Street and Watford Football Ground is less than a mile away.
Demographics
Local demographics are a broad range due to the attraction of the high street shops, restaurants, bars and other entertainment venues.
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 premium high preforming wet led drinks offer. What drinks would you look to implement in the pub?
The site currently has the ability to drive trade via live entertainment. It offers a selection of popular beers, ciders, wines and spirits, cask ales, and coffees.
We’re always open to new ideas, what would you do to drive trade?
you’ve benefited from running or owning a pub business, we’d love to hear what experience you can bring.
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, marketing strategy and entertainment offer 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…
Trading Area & Facilities
- Main trading area with bar
- 60 internal covers
- 52 external covers
- Catering kitchen
- HEINEKEN SmartDispense
Private Accommodation
The pub has no private accommodation.
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**:
£13,744 - £37,796
Annual
Estimated Annual Turnover
£414,044
Annual Rent
£26,925
Entry Costs
Deposit
**Deposit build up from 1 month rent
**Deposit build up from 1 month rent
£6,731**
Estimated Fixtures & Fittings Value
**Rented fixtures & fittings deal available
**Rented fixtures & fittings deal available
£19,565**
Stock Valuation
£8,000
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.
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:
151, The Parade, Watford, WD17 1NA
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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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