Church End, Steppingley, Bedford, Bedfordshire, MK45 5AU
The French Horn is a rare opportunity to take on a successful food led site with a great reputation. The site is trading very strongly currently but still has opportunity to grow further with the right operator. There is potential to improve the offer further with renovation of exterior of site and garden refurbishment.
The French Horn is located in the attractive village of Steppingley, close to Woburn and Ampthill and located near to the new Centre 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".
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|
|Weekly rent||£1,057.69 per week fixed|
£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 £35,150 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 or minimum £6,000 building up to 25% of head rent during term of tenancy). *Fixtures and fittings set as a 25% deposit of full value. Full value approx.£30,000 and can be purchased along side an assisted purchase scheme.
|Fixtures & fittings||£7,500||Working capital||£10,000|
|Other costs||£10,000||Total entry cost||£35,150|
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.
|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 Centre 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.