Bird in Hand

Bedford Road, Lower Stondon, Henlow, Bedfordshire, SG16 6DZ

LEASE ASSIGNMENT OPPORTUNITY

The Bird in Hand is an established business and represents a great opportunity for an operator with enthusiasm and foresight to reinvigorate this business and drive the three revenue streams, bar, restaurant and thirteen letting rooms. The site has a large car park and excellent rear garden. The business is available due to retirement, after fourteen years at the pub. All enquiries should be directed to Doug & Libby Ellis on 07788451707. Please note, Greene King cannot help you directly with this site, we are marketing the site for the lessee. Please call the lessee for further information

Location

Lower Stondon is a small village in the Central Bedfordshire district of Bedfordshire.. It is located close to the border with Hertfordshire, around 2.5 miles south-west of Henlow

Business Information

Annual rent

£40,000

Weekly rent

£769

Entry costs

£150,000

Turnover royalty

n/a

Forecasted Operator Turnover

£0

Forecasted Operator Profit (inc machine profit)

£0

Forecasted Operator Machine Profit

£0

Average Beer & Cider Discount*

Type of Tie

Partial tie: Tied All Beer & All Cider

Agreement

LEASE ASSIGNMENT

Price of lease is £150,000 including F&F and goodwill. Further details should be obtained from the lessee

Deposit

£0

Fixtures & Fittings

£0

Legal Admin Fee

£0

Broker Fee

£0

Stocktaking Fee

£0

Working Capital

£0

Other Costs

£150,000

Total Entry Costs

£150,000

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. All figures represent products bought from Greene King only. **Please note trading volumes for year 2020 are for part year trading and reflect the impact of closure during the Covid 19 pandemic**

Year Beer (Brls) Wine & Spirits (Ltrs) Minerals (Ltrs)
2020 89 0 0
2019 178 4 33
2018 186 3 0

There are thirteen letting rooms, four of which are en suite. On the ground floor there this a public bar, restaurant and small private bar. There is also a commercial kitchen, office and store room. Externally there is a large car park and garden.

Trade Bars

2

Trade Dining Areas

1

Trade Kitchens

1

Trade Food Covers

0

Trade Gardens

1

Trade Patio Areas

0

Trade Rooms to Let

13

Meeting Rooms

0

External Child Play Areas

0

Function Rooms

0

Customer Car Park Spaces

0

Current Premises License Opening Hours

To be obtained from licensee

We are unaware of the condition and scope of the accommodation

Private Rooms

1

Lounge

0

Dining Rooms

0

Double Bedrooms

0

Single Bedrooms

0

Bathrooms

0

Toilets

0

Private Kitchens

0

Offices

1

Bedsits

0

BDM Portrait

This is an excellent opportunity to purchase a lease with 13 years remaining of an established business.

Andy Turner, Business Development Manager

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