Church End, Steppingley, Bedford, Bedfordshire, MK45 5AU
Newly available, the French Horn is a rare opportunity to take on a successful food led site with a great reputation. Greene King are looking to invest into an exterior makeover including front and back garden schemes and a full external redecoration and repair with the right applicant!
The French Horn is located in the attractive village of Steppingley, close to Woburn and Ampthill and located near to the new Center Parcs. This is a well presented pub packed full of character. The site is a destination food led business with food of a good standard served daily. It was also featured in the Good Pub Guide 2015, described as a "Comfortable pub with modern touches to the thoughtfully prepared food…The eclectic mix of chesterfield sofas and leather armchairs, cushioned with antique dining chairs and other new and old furniture works well with the stippled beams, standing posts and wall timbers".
*Please note that we will accept someone with a minimum investment of £50,000.
Split across three rooms, the trade area is packed with character, from the traditional mix of old dining tables and chairs to more comfortable sofas and a relaxed lounge area.
|Car park spaces||30|
Located across the first floor, the accommodation consists of 3 bedrooms, 2 lounges (one of which could be converted to a Kitchen) and a bathroom. The accommodation is in an average condition.
|Annual rent||£55,000 per annum plus 6.0% Turnover Royalty|
£55,000 per annum, £1,057.69 per week fixed and subject to annual RPI increase, which is capped at 4%. Paid weekly by direct debit.
Entry Costs approx £69,400 which includes fixtures and fittings, stock, glassware, crockery, cutlery, fuel and cleaning materials, legal, brokers and stocktaking fees, rent in advance, training fees, working capital and deposit (25% of head rent, minimum £6,000). *Please note we will accept someone with a minimum investment of £50,000.
|Fixtures & fittings||£30,000||Working capital||£14,000|
|Other costs||£10,000||Total entry cost||£69,400|
Our Turnover Agreement reflects how your business performs. You pay a fixed rent plus a percentage of your weekly net turnover sales.
• A 5 year, fixed term agreement, contracted out of the Landlord and Tenant Act 1954.
• Basic rent plus a Turnover Royalty percentage.
• Basic rent subject to capped annual changes in the Retail Price Index (RPI) only with no rent reviews.
• Flexible tie variations available.
• Discounted price list unique to the Turnover Agreement.
• Greene King is responsible for the structure of the building.
• Ability to end agreement with 6 months’ notice and payment of a Standard Notice Fee (3 months’ basic rent). Notice can be served
at any time.
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)|
|Volume notes||Please note this site previously was free of tie for wines and spirits.|
Located in the attractive village of Steppingley, in-between Woburn and Ampthill, and close to the new Center Parcs Woburn. This is an area with a strong reputation for destination food sites and the French Horn sits well in this market place, generating strong trade and great reviews.