French Horn

Church End, Steppingley, Bedford, Bedfordshire, MK45 5AU

Gallery

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Pub overview

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.

Trade space
Bars 2
Car park spaces 30
Dining rooms 2
Food covers 75
Trade kitchens 1
Patio areas 2

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.

Private space
Private Rooms 6
Lounge 2
Double bedrooms 3
Bathrooms 1

Rent information

Annual rent £55,000 per annum plus 6.0% Turnover Royalty
Notes

£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.
Machine income free of tie.

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.

Brokers £675 Legal £825
Deposit £13,750 Stocktaking fees £150
Fixtures & fittings £30,000 Working capital £14,000
Other costs £10,000 Total entry cost £69,400

Agreement description

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.

Trading volumes

Year Beer (Brls) Wine & spirits (Ltrs) Minerals (Ltrs)
2016/17 168 5 7,273
2015/16 165 1 6,088
2014/15 133 3 5,045
Volume notes Please note this site previously was free of tie for wines and spirits.

Location

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.

Facilities

Trade bar
Car park
Dining area
Trade kitchen
Trade patio

Current premises licence opening hours

Monday to Saturday 11:00 - 01:30 Sunday 11:00 - 00:30

Contact Us

Steve Look

Business Development Manager

Call the Recruitment team on 01284 714 497

Apply online
“ A fantastic opportunity to take on this attractive food led site close to Woburn, Ampthill and the new Center Parcs. The site is trading well but needs a new entrepreneur, talented chef or multiple operator to take it to the next level. Sites like this rarely come on the market and we anticipate this will generate significant interest. Greene King will also be investing in the exterior presentation of the premises alongside a successful application. ”