White Horse Hampstead

154 Fleet Rd, Hampstead, London NW3 2QX

Under Offer
  • White Horse Hampstead
  • White Horse Hampstead
  • White Horse Hampstead
  • White Horse Hampstead
  • White Horse Hampstead
  • White Horse Hampstead
  • White Horse Hampstead

White Horse Hampstead

Stunning London Pub

Positioned on a prominent corner, the White Horse is located in the vibrant Hampstead Heath area. The pub lies in an extremely well-populated area with over 65,000 adults living within a one mile radius, consisting predominantly of young professionals with high disposable income.

The White Horse is decorated throughout to a high standard; the stunning historic pub interior includes fine oak bar panelling, decorative ceiling, stained glass and floor tiles. The pub also benefits from a small outside trading area. True success will be achieved through having a great food offer.

Fantastic Opportunity for an Experienced Lessee

The White Horse offers an excellent opportunity for an experienced city centre operator to develop this outlet in partnership with Star Pubs & Bars. The ability to drive trade through a great food offer is essential.

Pub Features

  • Catering Kitchen
  • Long-Term FRI Lease
  • Outdoor Trade
  • Smoking Area
  • Monthly Billing

Trading Area & Facilities

Internally, the pub has a horseshoe trading space with a fantastic central bar, impressive ceilings and a commercial kitchen. The pub can cater for at least 80 covers.

Externally, the site is well kept and clearly visible from the road. Also, the pub benefits from an external drinking area that can sit up to 15 customers.

Private Accommodation

There is no private accommodation at this site.

Premises Licence Details

See premise license for full details.

Premises Licence Opening Hours

Mon Tue Wed Thu Fri Sat Sun
10:00 - 23:30 10:00 - 23:30 10:00 - 23:30 10:00 - 23:30 10:00 - 00:00 08:00 - 00:00 10:00 - 23:00

Financials

Annual Rent £
60,000
Estimated Annual FMOP (Licensee Profit) £
66,076
Representative HEINEKEN UK Brand Discount Per Barrel £
105
Estimated Annual Turnover £
756,337
Estimated Annual Barrelage
278

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 £
40,000
Estimated Fixtures & Fittings Valuation Fee £
250
Estimated Stock Valuation £
12,000
Deposit Amount £
15,000
Rent In Advance £
1,154
Training Fee £
1,000
Estimated Designated Premises Supervisor / Manager Fee £
60
Premises Licence Fee £
350
Rates Assessment Fee £
55
Estimated Legal Fees £
650
Estimated Total Ingoing Costs £
63,339
Estimated Minimum Ingoing Costs £
24,365

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 £
3,510
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