Wrestlers Hatfield

89 Great North Road, Hatfield AL9 5LP

  • Wrestlers Hatfield
  • Wrestlers Hatfield
  • Wrestlers Hatfield
  • Wrestlers Hatfield
  • Wrestlers Hatfield
  • Wrestlers Hatfield
  • Wrestlers Hatfield
  • Wrestlers Hatfield
  • Wrestlers Hatfield

Wrestlers Hatfield

Subject to a planned investment.

Wrestlers Arms Area is situated amongst many residential homes and commercial businesses next to Hatfield railway station. It's also close to tourist attraction Hatfield house and garden.

The demographics allow this community hub to offer something to everyone and involve the whole community

Pub Features

  • Rolling Tenancy
  • Car Parking
  • Live Sports
  • Outdoor Trade
  • Smoking Area
  • Pub Games
  • Weekly Billing
  • Monthly Billing

Trading Area & Facilities

This is a great community pub dating from the 18th century, with great features and characterful decor including inglenook fireplace with original oven, lots of feature beams and brass. There is one bar on different levels with conservatory at the rear. The pub boasts a large Garden that is a real asset for incremental trade. The pub is popular for live sports and local pool/darts teams and is especially known for their Sunday carvery.

Private Accommodation

The private accommodation consists of 3 bedrooms, kitchen & bathroom and a lounge. Where required there will be appropriate works carried out in line with the Star Pubs & Bars Ready to Trade Promise.

Premises Licence Details

please see premises license for full details

Premises Licence Opening Hours

Mon Tue Wed Thu Fri Sat Sun
11:00 - 00:30 11:00 - 00:30 11:00 - 00:30 11:00 - 00:30 11:00 - 01:30 11:00 - 01:30 12:00 - 00:00

Financials

Annual Rent £
29,500
Estimated Annual FMOP (Licensee Profit) £
32,071
Representative HEINEKEN UK Brand Discount Per Barrel £
116
Estimated Annual Turnover £
346,486
Estimated Annual Barrelage
159

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 £
4,850
Estimated Fixtures & Fittings Valuation Fee £
250
Estimated Stock Valuation £
3,000
Deposit Amount £
7,375
Rent In Advance £
2,458
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 £
19,993
Estimated Minimum Ingoing Costs £
10,768

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 £
1,086
Estimated Annual Maintenance Compliance Charge £
TBC
Estimated Annual Accountancy & Stocktaking Charge (including tills) £
5,950

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