Anchor
84 Cambridge Road, Walsworth, Hitchin, Hertfordshire, SG4 0JH
HIVE PUBS - REFUB PLANNED
The Anchor Pub in Walsworth is a large, friendly establishment located on the outskirts of Hitchin’s bustling town centre. It will undergo an extensive refurbishment and become the jewel of the crown at this great location. We are planning an investment that will transform the pub, creating the best pub garden in the area, which will see an extensive covered pergola created, complete with light, heating and TVs that will allow all year round trading opportunities. The Anchor sits across mixed demographics, with about 80% of residents coming from a premium & mid market representation which is a real positive to relaunch the pub with our franchise offer.
Bar
Dining areas
Garden
Kitchen
Patio
Location
Walsworth is a part of the town of Hitchin in Hertfordshire. It was originally a village about a mile north east of the town, and later became incorporated into it, although it is still referred to as a village by some locals. The Anchor lies on a busy main road, with numerous residential homes and local amenities close at hand.
Business Information
Annual rent
£0
Weekly rent
£0
Entry costs
£8,000
Turnover royalty
n/a
Forecasted Operator Turnover
£620,409
Forecasted Operator Profit (inc machine profit)
£33,581
Forecasted Operator Machine Profit
£0
Average Beer & Cider Discount*
Type of Tie
Agreement
Hive Pub Franchise Agreements are an agreement for people who have Pub Management experience but are looking to find a simple way to run their own business without having a huge entry cost. You pay £5,000 entry fee and we take care of the property costs, energy bills and stock. We supply marketing, training, and ongoing support. You can expect to earn a guaranteed minimum income of £20,000 which is paid weekly (£385 per week). In addition, you'll be paid a percentage of weekly sales, known as the weekly turnover share, to cover your staffing costs. Bonuses are available based on business performance and standards audits. Private accommodation is provided where available
Entry cost of £5000 is payable on change day. This includes legal fees and start up training costs. An extra £3000 will be required as working capital, to ensure there is sufficient cash flow in the business before we make our first payment to you. You will be responsible for paying any staff wages including Employers National Insurance, liability insurances to protect the business and the public, TV licence and council tax for private accommodation.
Deposit
£0
Fixtures & Fittings
£0
Legal Admin Fee
£0
Broker Fee
£0
Stocktaking Fee
£0
Working Capital
£3,000
Other Costs
£5,000
Total Entry Costs
£8,000
| Year | Beer (Brls) | Wine & Spirits (Ltrs) | Minerals (Ltrs) |
|---|---|---|---|
| 2023 | 235 | 1,415 | 3,461 |
| 2022 | 226 | 1,340 | 2,889 |
| 2021 | 143 | 820 | 2,080 |
Internally the bar wraps around the dining area and the refurbishment will see the sport zones improving speed of service. There will be full visibility of all entry points from the bar so all customers can be welcome to the Anchor by the team. A generous garden area will be created with a 184 seat capacity, of which 68 seats are under a covered pergola that can be traded all year around.
Trade Bars
1
Trade Dining Areas
1
Trade Kitchens
1
Trade Food Covers
78
Trade Gardens
1
Trade Patio Areas
1
Trade Rooms to Let
0
Meeting Rooms
0
External Child Play Areas
0
Function Rooms
0
Customer Car Park Spaces
18
Current Premises Licence Opening Hours
Mon-Thu: 08:00-00:00
Fri-Sat: 08:00-00:30
Sun: 08:00-23:30
The accommodation comprises 3 bedrooms, lounge, kitchen, dining room, toilet, bathroom and office.
Private Rooms
9
Lounge
1
Dining Rooms
1
Double Bedrooms
2
Single Bedrooms
1
Bathrooms
1
Toilets
1
Private Kitchens
1
Offices
1
Bedsits
0
The successful applicant is an operator that can become a pillar on this community, drive events and is passionate about creating memorable customer experiences. They will need to be at the heart of the local community and drive sales via live sports and regular entertainment.
Alex De Araujo, Business Development Manager
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