Under Offer

Builders Arms

3 Albert Road, New Barnet, Barnet, Hertfordshire, EN4 9SH

Pub overview

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.

Trade space
Bars 2
Food covers 40
Trade kitchens 1
Patio areas 2

Three double bedroom accommodation with separate lounge & bathroom

Private space
Private Rooms 5
Lounge 1
Double bedrooms 3
Bathrooms 1

Rent information

Annual rent £30,000 per annum
Weekly rent £576.92 per week fixed
Notes

£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.

Brokers £675 Legal £825
Deposit £6,000 Stocktaking fees £150
Fixtures & fittings £12,000 Working capital £5,000
Other costs £4,150 Total entry cost £28,800

Agreement description

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.

Trading volumes

Year Beer (Brls) Wine & spirits (Ltrs) Minerals (Ltrs)
2016/17 172 827 1,733
2015/16 212 3,486 5,557
2014/15 251 3,745 6,074
Volume notes

Location

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.

Facilities

Trade bar
Trade kitchen
Trade patio

Current premises licence opening hours

Sunday to Thursday 12.00 to 00:00 Friday & Saturday 12.00 to 00.30

Contact Us

Mick Sheridan

Business Development Manager

Call us today 01284 714 497

Apply online
“ This is a good sized pub tucked away from a busy suburban high road. The Builders Arms has a great rear beer terrace with the potential of being a truly great asset. Currently enjoys good local community support with the potential to develop a quality food offer. ”