Tenancy - King William IV

4 days left

Location
WD7 9DX, Radlett
Salary
Business Opportunity
Posted
01 Jun 2017
Closes
01 Jul 2017

Tenancy - King William IV

PUB OVERVIEW
Business Opportunity with possible investment for the right applicant.
Located in the heart of the village, surrounded by a good number of local amenities, this pub benefits from good roadside frontage and a one bar operation with front terrace, rear garden and car parking for approx. 20 cars. There is an opportunity to really get involved in the local community and to develop the kitchen in order to introduce a food offer that attracts local
customers and puts this pub at the heart of the community.

BUSINESS INFORMATION
Entry cost from:£30,650.00
Annual rent:£22,500.00 per annum
AgreementTenancy – Standard Tenancy
Type of Tie:Partial tie: Tied All Beer, All Cider & Minerals

LOCATION
Affluent village close to St Albans, Radlett, Borehamwood & Barnet. M25, Arsenal & Watfords training grounds are just 5 minutes away.

CURRENT PREMISES LICENCE OPENING HOURS
Mon to Sun 11:00 - 00:30

TRADE SPACE
Good sized one bar operation with substantial rear beer garden and
front patio area. Kitchen upgrade required for food offer.

Bars 1
Car park spaces 25
Child play areas 1
Food covers 50
Gardens 1
Patio areas 1


PRIVATE ACCOMMODATION
General upgrading required throughout. Possible assistance for the
right applicant.


PRIVATE SPACE
Private Rooms 8
Lounge 1
Double bedrooms 4
Bathrooms 1
Toilets 1
Office 1

FINANCIAL INFORMATION
Entry Costs approx £30,650 which includes fixtures and fittings, stock,
glassware, crockery, cutlery, fuel and cleaning materials, legal, brokers
and stocktaking fees, training fees, schedule of condition, working
capital and deposit (25% of head rent, minimum £6,000). Other costs
include stock at valuation, training fees, rent in advance. F&F assisted
purchase may be considered for the right applicant.

RENT INFORMATION
Annual rent £22,500.00 per annum
Weekly rent £432.69 per week fixed
Notes £22,500 per annum, £432.69 per week fixed and
subject to annual RPI increase, which is capped.
Paid weekly by direct debit. *Machine Income
free of tie*
Rent is assessed at a blended £108 per brewery
barrel discount. FOT on wines, spirits &
machines.
Brokers £675.00 Legal £825.00
Deposit £6,000.00 Stocktaking fees £150.00
Fixtures & fittings £10,000.00 Working capital £5,000.00
Other costs £8,000.00 Total entry cost £30,650.00

ESTIMATING TURNOVER
You will need to estimate the turnover you expect to achieve from the
pub, with regard to food and accommodation (if applicable). Barrelage
figures are given to assist you with calculations.
Calculators to help you are available on the business planning section
of our website.


WHY CHOOSE US?
By choosing Greene King, you’ll be joining one of the Uk’s most successful and respected leased and tenanted pub companies. With a heritage of
running pubs and brewing beer that can be traced back over 200 years, at Greene King we’re proud of our history and confident that, as the
country’s leading pub retailer and brewer, we can help make your pub the success it deserves to be.

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