The Olde Kings Arms
Hemel Hempstead

The Olde Kings Arms

  • The Olde Kings Arms gallery image
  • The Olde Kings Arms gallery image
  • The Olde Kings Arms gallery image
  • The Olde Kings Arms gallery image
  • The Olde Kings Arms gallery image
  • The Olde Kings Arms gallery image
  • The Olde Kings Arms gallery image
  • The Olde Kings Arms gallery image
  • The Olde Kings Arms gallery image
  • The Olde Kings Arms gallery image
  • The Olde Kings Arms gallery image
Gallery View

Key Highlights

  • Great location on the High Street in Old Town Hemel with 9 guest rooms
  • Commercial kitchen in place to support food offer and growth
  • Great external space for drinking & dining with outside bar
  • Great links to surrounding areas helping drive room sales
  • Great decoration through the internal trade space

Pub Overview

The Olde Kings Arms is a very well presented pub finished to a high standard and ready to trade with a well equipped commercial kitchen and enclosed garden to the rear with an outside bar. The pub benefits from 2 bars and trade areas both suitable for drinking & dining giving a very versatile trade space that offers a relaxed and inviting customer experience.

The pub also benefits from 9 letting rooms which given its proximity to London transport links and Luton Airport as well as the business hubs in and around Hemel, are a real asset to the pubs offer.

Suitable Applicants

Experienced pub operators required with experience in both the wet and food side of the pub business and familiar with town centre challenges.

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
£33,000
Security Deposit
Payable in advance to Wells to cover charges incurred by your business - trading as a Ltd Co
£12,000
Administration Fee
In the region of (payable to Wells & Co. Ltd in advance) to cover e.g. premises license changes, solicitors fees, and agreement
£450
Working Capital
Minimum working capital required
£10,000
Stock & Glassware
In the region of to cover the value of opening stock
£6,000
Valuers Fee
In the region of (paid to valuer) for valuing fixtures and fittings
£800
Advanced Rent
In the region of (usually 1 month)
£4,000
Fixtures & Fittings
Estimated valuation to purchase e.g. carpets, curtains, tables and chairs, kitchen equipment (£ est)
£25,000
ANTICIPATED RETAINED INCOME
Drink Sales
53%
Food Sales
22%
Accommodation
25%

FMT = Fair Maintainable Trade

Ongoing Costs

Service Charge
Payable weekly, to include: Cellar cooling service, Extract clean x 3, Buildings insurance, Fire Compliance, Boiler maintenance & Electrical Test (tenancies only)
£4,000
Accountancy Services
Fees for a nominated accountant (in the region of)
£4,000
Stocktaking Services
Six professional stocktakes per annum recommended
£1,350
Rent
In the region of (payable weekly in advance)
£923 p/w
Please note that these are estimated figures, given as a guide only. Goods and services may be subject to VAT.

Pub Details

41 High Street, Hemel Hempstead, Hertfordshire, HP1 3AF
Town centre – chameleon
Total Investment 20k - 30k
Potential Partner Profit £58,500
Enquire About This Pub

Is this the pub for you?

If you would like to speak to our recruitment team please contact us on 01234 244453 or use our enquiry form.