The Bricklayers Arms, Hitchin - Under Offer

The Bricklayers Arms, Hitchin - Under Offer

  • The Bricklayers Arms, Hitchin - Under Offer gallery image
  • The Bricklayers Arms, Hitchin - Under Offer gallery image
  • The Bricklayers Arms, Hitchin - Under Offer gallery image
  • The Bricklayers Arms, Hitchin - Under Offer gallery image
  • The Bricklayers Arms, Hitchin - Under Offer gallery image
  • The Bricklayers Arms, Hitchin - Under Offer gallery image
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Key Highlights

  • Popular town centre community pub
  • Situated on a busy road opposite the lively market square
  • Opportunity to develop a simple food offer
  • Car parking and rear patio area
  • Payment plan available for fixtures and fittings

Pub Overview

Situated on Queens St opposite a bustling market square, ‘The Brickies’ is a Hitchin landmark and a firm favourite with local beer aficionados thanks to its varied and well-kept real ale selection. The potential exists to complement this strong beer selection with a simple food offer and a wine menu, broadening the pub’s appeal and giving its already loyal clientele extra reasons to visit. With a strong focus on football, The Bricklayers Arms is renowned as the best place in Hitchin to watch the big game, but it has also had success with live music events in the past. There exists a real opportunity for the right operator to drive the pub’s entertainment calendar, enhance its bar sales and effectively market The Bricklayers Arms to its affluent local demographic of Hitchin and beyond. 

Suitable Applicants

The Bricklayers Arms Would suit an experienced, community-focused operator with the drive to maintain the pub's current level of footfall via an extensive weekly activity programme. Strong commercial and financial skills must complement a commitment to providing fantastic hospitality; catering know-how would also be advantageous if a basic food offer is to be introduced.

Financial Overview

ANTICIPATED INVESTMENT REQUIRED

We estimate the Investment required for this pub would be as follows:

Security Deposit in the region of:(paid in advance to Wells & Co. Ltd) held to cover credit and rental charges. Returnable at the end of the agreement. £6,000
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. The successful applicant must reply upon the valuation provided by their appointed lice £5,400
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. £800
Training Course Fees per person(payable to Wells & Co. Ltd) 5 day CRISP 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)  £TBC
Minimum Working Capital Required  £5,000
APPROXIMATE TOTAL Please note that these are estimated figures, given as a guide only, and do not include fixtures and fittings. £17,750
ANTICIPATED RETAINED INCOME
DEMO DEMO £2000
DEMO DEMO £2000

Ongoing Costs

Rent in the region of (payable monthly in advance) £18,000 pa
Service Charge in the region ofPayable monthly, to include: Cellar cooling service, Buildings insurance, Fire Compliance, Boiler maintenance (tenancies only). NICEIC Electrical Test (tenancies only) £1,820 pa
Accountancy Services in the region offees for a nominated accountant £2,600 pa
Stocktaking Services in the region ofWe recommend all licensees should have six professional stocktakes per annum £1,560 pa
Please note that these are estimated figures, given as a guide only. Goods and services may be subject to VAT.

Pub Details

29 Queens Street, Hitchin, Hertfordshire, SG4 9TP
Potential Partner Profit 18k pa
Enquire About This Pub

Could this be the pub for you?

Please ring 01234 244453 to speak with our recruitment team