Pub Overview
Coming Soon! Community wet led pub with large outdoor garden in Cheshunt. We are currently working up the financials for this site, so all quoted figures are indicative only. We are accepting applications in the meantime so apply today.
The Area
The Freemasons is located in the town of Cheshunt 13 miles north of London on the river Lea. The pub is surrounded by shops and residential housing.
Demographics
The pub benefits from being in an area of around 6,800 adults within a 10-minute walk of the pub as well as two other competitors. The middle income customer base is made up of young families.
The Offer
Available on our foundation tenancy agreement. Click here for more information on this agreement. The potential of this pub lies in maintaining a value driven wet-led pub offer. What drinks would you look to implement in the pub? The site currently has the ability to drive trade via it’s already established live entertainment, live sports and selection of pub games, such as pool, and darts. It offers a selection of popular beers, ciders, wines and spirits. There is one cask ale line.
Ideas & Experience
We’re always open to new ideas, what would you do to drive trade? If you’ve benefited from running or owning a pub business, we’d love to hear what experience you can bring. The right operator for the pub will have extensive experience in a similar hospitality business. They will have a clear vision for their drinks menu, sports offer and can create a memorable experience for their customers.
Features
- Coming Soon
- Foundation Tenancy
- Live Sports
- Pub Games
- Private Accommodation
Trading Area & Facilities
- Main trading area with bar
- 45 internal covers
- 60 external covers
- External patioed beer garden
Private Accommodation
Private accommodation consists of three bedrooms, a living room, kitchen and bathroom.
Pub Financials
- Estimated Total Ingoing Costs: £21,050
- Estimated Minimum Ingoing Costs: £10,017
- Annual Rent: £18,200
- Estimated Annual Turnover: £380,000
- Deposit: £4,550
- Estimated Fixtures & Fittings Value: £8,000
- Estimated Stock Valuation: £5,000
- Estimated Working Capital: £3,500
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.
Estimated Working Capital is an estimate of key start-up costs such as professional fees, training fee, premises license fee, F&F valuation fee & till floats. There will be additional ongoing charges payable during the term of the agreement such as property maintenance, repairs fund, SmartDispense. These costs will be outlined prior to completing a business plan and finalised at Heads of Terms.
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 should be included in your financial assumptions in your business plan. Note that on FRI and Investment Tenancy 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. In order to ensure a successful start-up, all applicants must have a minimum £10,000 un-borrowed funds.
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