The Two Brewers, Outer North London

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Pub Details

1 Northaw Road West , Northaw, Potters Bar, Hertfordshire, Hertfordshire, EN6 4NW

Destination community food

Total Investment 20k – 30k

About the Pub

The Two Brewers is very well presented village pub finished to a high level and ready to trade with a well equipped commercial kitchen and enclosed garden to the rear and good sized car park to the side.

The pub is a single bar operation that offers a relaxed and inviting customer experience. The pub is well zoned and offers a conservatory style dining area with a well proportioned relaxed drink/dining area full of character that creates a friendly cosy traditional atmosphere.

Key Highlights

Prime location in centre of affluent Hertfordshire village
Destination appeal but still close to residential areas of Northaw, Cuffley & North London
Well presented throughout with great kerb appeal and parking on site for patrons
Commercial kitchen in place to support food offer and growth
Good external space for drinking & dining including an enclosed picturesque garden to the rear
Payment plan available for fixtures and fittings

Financial Overview

APPROXIMATE TOTAL
Please note that these are estimated figures, given as a guide only, and do not include fixtures and fittings.

£25,000
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.

£10,000
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

£450
Advance Rent
In the region of(usually 1 month)

£2,190
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

Anticipated Retained Income

Drink Sales

60%
Food Sales

40%
Accommodation

0%
FMT = Fair Maintainable Trade

Ongoing Costs

Rent
in the region of (payable monthly in advance)

£26,250 pa
Service Charge
Payable monthly, to include: Cellar cooling service, Buildings insurance, Fire Compliance, Boiler maintenance (tenancies only). NICEIC Electrical Test (tenancies only)

£4,000 pa
Accountancy Services
Fees for a nominated accountant

£4,254 pa
Stocktaking Services
We recommend all licensees should have six professional stocktakes per annum

£1,356 pa

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