3 Albert Road, New Barnet, Barnet, Hertfordshire, EN4 9SH
Good sized pub in busy location with the opportunity for a local community focused operator to develop beer & food trade.
The Builders Arms is a hidden gem, located just off a busy high road. Drawing trade from the local community, the pub trades with two bars, a trade kitchen, small front terrace and a large rear terrace which could become its Unique Selling Point.
Two good sized lounges, a trade kitchen, small front terrace and a large rear patio terrace.
Three double bedroom accommodation with separate lounge & bathroom
|Annual rent||£30,000 per annum|
|Weekly rent||£576.92 per week fixed|
£30,000 per annum, £576.92 per week fixed and subject to annual RPI increase, which is capped. Paid weekly by direct debit subject to credit check
Entry Costs approximately £28,800 which includes fixtures and fittings, stock, glassware, crockery, cutlery, fuel and cleaning materials, legal, brokers and stocktaking fees, training fees, schedule of condition, working capital and deposit (25% of head rent, minimum £6,000). Fixtures and fittings are currently estimated and are to be valued, however an assisted purchase of the fixtures and fittings will be considered for the right operator.
|Fixtures & fittings||£12,000||Working capital||£5,000|
|Other costs||£4,150||Total entry cost||£28,800|
Standard Tenancy Agreement
A fixed 5 year term agreement which is contracted out of the Landlord and Tenant Act 1954
•Tie variations available.
•Rent set at the start of the agreement, subject to the annual Retail Prices Index (RPI) which is capped
•Flexible pricing options available
•50/50 profit split of machines income
•Greene King is responsible for the structure of the building
•Ability to end agreement with 6 months notice at any time with standard notice fee equal to 3 months rent
You will need to estimate the turnover you expect to achieve from the pub, with regard to food and accommodation (if applicable). Barrelage figures are given to assist you with calculations.
Calculators to help you are available on the business planning section of our website.
|Year||Beer (Brls)||Wine & spirits (Ltrs)||Minerals (Ltrs)|
Located just off the busy high road of the London suburb of High Barnet within minutes of the local overland train with a direct route into Central London.