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RegisterWrestlers Hatfield
89, Great North Road, Hatfield, AL9 5LP
Pub Code: 2300266101
Key Features
- Refurbishment Planned
- Large Beer Garden
- Kids Play Area
- Car Park
- Catering Kitchen
Est Min Ingoing Costs: £15,791
Annual Rent: £31,000
More Information
Extensive Refurbishment Planned
An exciting refurbishment will transform The Wrestlers into a versatile, family friendly pub. Maintaining its traditional charm, the pub will be completely upgraded, along with a tasteful redecoration creating a traditional and welcoming vibe. This, combined with a fantastic new offering, attractive beer garden and a brand-new kids play area, Showing live sports will attract a wealth of customers from all walks of life.
Great Location
The Wrestlers is situated adjacent to a densely populated residential area, with over 5,000 adults living within a half-mile radius, providing an excellent opportunity to become the hub of the community. There is limited competition nearby, resulting in 1,700 adults per license, further reinforcing the pub’s strong position to attract a broad demographic.
Exciting Potential
Currently, The Wrestlers operates predominantly as a wet-led outlet. The incoming lessee will be able to capitalise and expand on this, including the introduction of a delicious new food offering. A new welcoming entrance to the pub will be formed, and the flow between internal zones and the beer garden will be streamlined. All of the above, paired with a cosy, traditional vibe and upgraded interior, will make it the perfect pub for all to enjoy.
An exciting refurbishment will transform The Wrestlers into a versatile, family friendly pub. Maintaining its traditional charm, the pub will be completely upgraded, along with a tasteful redecoration creating a traditional and welcoming vibe. This, combined with a fantastic new offering, attractive beer garden and a brand-new kids play area, Showing live sports will attract a wealth of customers from all walks of life.
Great Location
The Wrestlers is situated adjacent to a densely populated residential area, with over 5,000 adults living within a half-mile radius, providing an excellent opportunity to become the hub of the community. There is limited competition nearby, resulting in 1,700 adults per license, further reinforcing the pub’s strong position to attract a broad demographic.
Exciting Potential
Currently, The Wrestlers operates predominantly as a wet-led outlet. The incoming lessee will be able to capitalise and expand on this, including the introduction of a delicious new food offering. A new welcoming entrance to the pub will be formed, and the flow between internal zones and the beer garden will be streamlined. All of the above, paired with a cosy, traditional vibe and upgraded interior, will make it the perfect pub for all to enjoy.
Trading Area & Facilities
Please see the refurbishment details brochure for a full breakdown of all works carried out in the planned refurbishment.
Applicants should be aware that all refurbishments are subject to final board approval which will be determined as part of the leasing process.
Where a significant investment is made in a pub by Star Pubs & Bars, an "Investment Exemption" will be required. The exemption means that the option of a Market Rent Option lease won't be available at rent review for a period of up to seven years for this site, as per The Pub Code (2016).
Applicants should be aware that all refurbishments are subject to final board approval which will be determined as part of the leasing process.
Where a significant investment is made in a pub by Star Pubs & Bars, an "Investment Exemption" will be required. The exemption means that the option of a Market Rent Option lease won't be available at rent review for a period of up to seven years for this site, as per The Pub Code (2016).
Private Accommodation
The Private Accomodation includes:
3 bedrooms, 1 Reception room, Louge, Kithcen and Bathroom.
Premises Licence Details
See Premises Licence
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 |
| Annual Rent | £ 31,000 |
| Estimated Tenants Annual Operating Profit | £ 35,499 |
| Representative HEINEKEN UK Brand Discount Per Barrel | £ 125 |
| Estimated Annual Turnover | £ 404,498 |
| Estimated Annual Barrelage | 188 |
* 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
** All figures quoted are exclusive of VAT
| Ingoing Costs | |
|---|---|
| Estimated Licensee Fixtures and Fittings Value | £ 13,860 |
| Estimated Fixtures and Fittings Valuation Fee | £ 250 |
| Estimated Stock Valuation | £ 10,575 |
| Deposit Amount | £ 7,750 |
| Rent in Advance | £ 2,583 |
| Training Fee | £ 425 |
| Estimated Designated Premises Supervisor / Manager Fee | £ 60 |
| Premises Licence Fee | £ 180 |
| Rates Assessment Fee | £ 55 |
| Estimated Legal Fees | £ 650 |
| Estimated Total Ingoing Costs | £ 34,401 |
| Estimated Minimum Ingoing Costs | £ 15,791 |
In order to ensure a successful start-up, all applicants must have a minimum £10,000 un-borrowed funds.
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 are not included in the rent model or ongoing costs below.
Note that on FRI 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.
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 are not included in the rent model or ongoing costs below.
Note that on FRI 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.
| Other SP&B Ongoing Charges | |
|---|---|
| Estimated Annual Building Insurance | £ 1,114 |
| Estimated Annual Maintenance Compliance Charge | £ 939 |
| Estimated Annual Accountancy & Stocktaking Charge (including tills) |
£
6108
|
| Estimated Annual Repairs Fund | £ 3120 |
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
** 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
* 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
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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