Chequers

33 Queen Street, Stotfold, Hitchin, Hertfordshire, SG5 4NX

Pub overview

This is a well-established pub with a great reputation for its quality locally sourced food and friendly atmosphere.

The Chequers is a beautifully presented village pub occupying a large corner plot with car parking for about 30 cars. This site is a good size and should be the best pub in the village. We now need someone new to take this already established business to the next level.

The trading area is made up of two bars. There is the lounge bar which has beams, a large fire place, approximately 16 seats and a dining room running off it. The dining room has a large patio leading to a large garden, which has a safe play area for children with climbing frames and there is car parking for approximately 30 cars. Food is served throughout the pub with circa 80 covers available. The main bar is a good size and offers a lovely environment for casual drinks. There is an outdoor pizza oven as well that is popular in the summer.

Trade space
Bars 2
Car park spaces 30
Child play areas 1
Dining rooms 1
Food covers 60
Gardens 1
Trade kitchens 1
Patio areas 1

The accommodation is in very good condition and would be well suited to both couples and families, compromising of 3 double bedrooms, a private bathroom, toilet and a lounge area.

Private space
Private Rooms 7
Lounge 1
Double bedrooms 3
Bathrooms 1
Toilets 1
Office 1

Rent information

Annual rent £38,000.00 per annum
Weekly rent £730.77 per week fixed
Notes

£38,000 per annum, £730.77 per week fixed and subject to annual RPI increase, which is capped. Paid weekly by direct debit.
Machine income free of tie.

Entry costs approx £51,300 which includes fixtures and fittings, stock, glassware, crockery, cutlery, fuel and cleaning materials, legal, brokers and stocktaking fees, training fees, schedule of conditions, working capital and deposit (25% of head rent, minimum £6,000).

Brokers £675.00 Legal £825.00
Deposit £6,000.00 Stocktaking fees £150.00
Fixtures & fittings £30,000.00 Working capital £7,500.00
Other costs £6,150.00 Total entry cost £51,300.00

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
•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)
2016/17 251 3,568 9,815
2015/16 280 4,564 10,293
2014/15 156 2,111 5,080
Volume notes Please note this site was free of tie for wines, spirits & minerals until September 2013.

Location

Stotfold is a growing town situated in the south east of Bedfordshire, close to the border with Hertfordshire. The present population amounts to around 8000 people and this number is increasing as new, large developments are completed. Places of interest include Stotfold Mill, Stotfold Watermill Nature Reserve, St Mary's Church, 4 recreation areas and a shopping centre.

Facilities

Trade bar
Car park
Play area
Dining area
Pub garden
Trade kitchen
Trade patio

Current premises licence opening hours

Monday to Saturday - 10:00 - 00:30 Sunday 11:00 - 00:30

Contact Us

Steve Look

Business Development Manager

Call us today 01284 714 497

Apply online
“ Very well presented site, the Chequers in Stotfold is a fantastic business, sites like this rarely become available and is a great opportunity to further develop an already successful business. ”