Gallery View
Key Highlights
- Pub in excellent condition following 2019 refurbishment
- Prime location in centre of affluent Hertfordshire village
- Historic pub in great roadside position with large car park
- Profit potential in the region of £55000 per year
- Payment plan available for fixtures and fittings
Pub Overview
The Two Brewers is a beautiful traditional country pub with a welcoming, informal ambiance. Its internal layout, a collection of adjoining rooms, adds to this cosy appeal, while space for 70 covers externally ensures that the pub is equipped for all seasons. Recent investment by Wells & Co. has seen the historic pub receive an internal refurbishment. No matter your reason for visiting, The Two Brewers is sure to become your pub of choice in the Potters Bar area.
Suitable Applicants
The diversity and ‘classic country pub’ personality of The Two Brewers make it an ideal fit for an operator with experience of running a quality food and community-based business. Key attributes include a keen eye for detail, a taste for quality food and the ability to train staff in order to ensure consistently outstanding customer service. In order to maximise the site’s potential it is essential that applicants are community-oriented and possess the financial skills required to operate a business of this turnover.
Financial Overview
ANTICIPATED INVESTMENT REQUIRED
We estimate the Investment required for this pub would be as follows:
|
APPROXIMATE TOTAL Please note that these are estimated figures, given as a guide only, and do not include fixtures and fittings. |
£35,083 |
|
Security Deposit Approximate figure, paid in advance to Wells & Co. Ltd held to cover credit and rental charges. Returnable at the end of the agreement. |
£13,750 |
|
Stock and Glassware In the region of (paid to the outgoing licensee on the day of changeover) to cover the value of opening stock. |
£5,000 |
|
Valuers Fees In the region of(paid to valuer) for valuing fixtures and fittings.Minimum working capital required |
£800 |
|
Training Course Fees per person(payable to Wells & Co. Ltd) 5 day induction course mandatory for all licensees – NB £800 for two people |
£550 |
|
Administration Fee In the region of(payable to Wells & Co. Ltd in advance) to cover e.g. premises license changes, solicitors fees, and agreement |
£400 |
|
Advance Rent In the region of(usually 1 month) |
£4,583 |
|
Working Capital Minimum working capital required |
£10,000 |
|
Fixtures and Fittings Estimated valuation (paid to the outgoing licensee via the valuer at least 7 days in advance) to purchase e.g. carpets, curtains, tables and chairs, kitchen equipment. |
£30,000 |
Ongoing Costs
|
Rent in the region of (payable monthly in advance) |
£55,000pa |
|
Service Charge Payable monthly, to include: Cellar cooling service, Buildings insurance, Fire Compliance, Boiler maintenance (tenancies only). NICEIC Electrical Test (tenancies only) |
£1,820pa |
|
Accountancy Services Fees for a nominated accountant |
£2,600pa |
|
Stocktaking Services We recommend all licensees should have six professional stocktakes per annum |
£1,560pa |
Pub Details
Could this be the pub for you?
Please ring 01234 244453 to speak with our recruitment team
