Pub Tenancy - Hertford
The Baker Arms, Bayford, Nr Hertford
Key Features
* Destination Pub
* Large Car Park
* Hotel Rooms
The Baker Arms is situated in the quaint village of Bayford 5 minutes from Hertford centre. This pubs benefits from a 2 bar operation, one which is locals drinking and the other side for dining. There is roughly 15 covers in the bar and 40 in the restaurant with plenty of space externally for outside dining in the summer as well as a large car park and kids play area to attract families. This site also has 6 hotel rooms that have previously been charged at 60-90 which provides a high margin earning opportunity on top of the drink and food sales. Due to it's rural location a destination food offer would be required as this is mostly a drive to location and where the majority of trade will come from. A strong marketing campaign would be required to increase it's reach as it is surrounded by larger towns.
The Details
Agreement Type - 5 Year Tenancy
Annual Rent - 33,000
Deposit - 8,250
Barrelage - 71 BBrls
Tie - All beer and cider
Estimated Annual Net Turnover - 305,663 (30% food, 20% rooms)
Estimated Fixtures & Fittings - 30,000 (option to be rented)
Advance Rent - 2,750 Net (plus insurance)
Working Capital Inc Stock - 8,000
Estimated Total Ingoing Costs - 41,500
Estimated Minimum Ingoing Costs - 11,500