Victoria St Albans

82 Victoria Street, St Albans, AL1 3TG

  • Victoria St Albans
  • Victoria St Albans
  • Victoria St Albans
  • Victoria St Albans
  • Victoria St Albans
  • Victoria St Albans
  • Victoria St Albans
  • Victoria St Albans

Victoria St Albans

Extensive Refurbishment - Transformational works will reposition The Victoria from a small, outdated pub into a premium space, set apart from its competitors as the best sports viewing venue in St Albans. Inside, the bar servery will be relocated to open up the trade area, which will feature TV's showing sports throughout. It will be decorated with an attractive mix of exposed, industrial-style furnishings, vibrant botanical prints and neon signs. Major external works, including a large outdoor screen, covered booths with individual TV's and an outdoor bar, will also give the venue major appeal for sporting events as well as throughout the rest of the year. The works will combine to create a truly standout venue in the area, with an up-tempo atmosphere and thriving customer base.

Excellent Location - The Victoria is located in an ideal location on a busy crossroads between St Albans town centre and the train station, ensuring it receives a high level of footfall throughout the year. St Albans itself is an incredibly affluent area, with a population consisting predominantly of young professionals, who earn above average incomes and are looking to socialise in a lively, premium venue.

Great Potential - This vibrant rebrand will breathe new life into The Victoria, giving it the ability to trade at all points of the day and capitalise on large, lucrative sporting events. With TV's embedded in the back bar and throughout the trade area, as well as a large outdoor screen and in individual garden booths, sporting events and high-energy occasions will be at the heart of The Victoria. A casual, trendy food offer will create multiple income streams and the updated contemporary design will ensure a vibrant atmosphere, all firmly establishing the pub as the go-to venue in St Albans.

Pub Features

  • Music Venue
  • Refurbishment Planned
  • Catering Kitchen
  • Live Sports
  • Long-Term FRI Lease
  • Outdoor Trade
  • Private Accommodation

Trading Area & Facilities

Post-refurbishment, The Victoria will be transformed into a stylish and premium local, offering

A dynamic, high-energy pub perfect for watching live sports in.
A premium drinks range including craft beers and lagers.
Quality, casual food such as burgers and hot wings.
Live TV and sports throughout the venue and in the beer garden.
A high-energy music venue later at night.
A standout beer garden, with covered booths and an outdoor bar.

Private Accommodation

The Pub boasts of 3 bedrooms, bathroom and kitchen. This will be in line with our 'Ready to Trade' promise so you can focus on creating an exceptional venue from the outset.

Premises Licence Details

please refer to premises license for full 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 10:00 - 01:00 10:00 - 01:00 12:00 - 23:30

Financials

Annual Rent £
59,000
Estimated Annual FMOP (Licensee Profit) £
65,022
Representative HEINEKEN UK Brand Discount Per Barrel £
125
Estimated Annual Turnover £
632,928
Estimated Annual Barrelage
350

“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 £
30,000
Estimated Fixtures & Fittings Valuation Fee £
Estimated Stock Valuation £
8,000
Deposit Amount £
13,625
Rent In Advance £
4,542
Training Fee £
1,000
Estimated Designated Premises Supervisor / Manager Fee £
60
Premises Licence Fee £
180
Rates Assessment Fee £
55
Estimated Legal Fees £
650
Estimated Total Ingoing Costs £
58,362
Estimated Minimum Ingoing Costs £
58,362

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 £
1,454
Estimated Annual Maintenance Compliance Charge £
TBC
Estimated Annual Accountancy & Stocktaking Charge (including tills) £
4,908

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