Builders Arms

3 Albert Road, New Barnet, Barnet, Hertfordshire, EN4 9SH

A HIDDEN GEM

The Builders Arms is a quality mainstream locals pub with a focus on live music and events. The site is well presented with traditional decor. Currently, the site trades at a 90/10 sales split in favour of wet, which provides an opportunity to build the food side of the business. There is plenty of local discount competition in the area, so creating a unique, quirky offer to differentiate yourself from the competition will be key to your success. The pub is located just off of the busy High Street with large residential housing developments which are currently being constructed close by. We expect this to help transform the business and change the future face of the pub for years to come. The site currently attracts locals and a younger crowd for the live music events which have always been popular here pre Covid 19. Building a successful business here will rely upon re starting live events (once restrictions are lifted), attracting new customers with a compelling offer and re engaging with the existing locals.

Location

New Barnet is a neighbourhood on the north east side of the London Borough of Barnet. It is a largely residential North London suburb located east of Chipping Barnet, west of Cockfosters, south of the village of Monken Hadley and north of Oakleigh Park. The Builders Arms is just off of the main High Street, a little hidden away but right next door to new residential housing developments which are currently under construction

Business Information

Annual rent

£22,000

Weekly rent

£423

Entry costs

£33,875

Turnover royalty

n/a

Forecasted Operator Turnover

£251,531

Forecasted Operator Profit (inc machine profit)

£21,643

Forecasted Operator Machine Profit

£2,000

Average Beer & Cider Discount*

£144

Type of Tie

Full tie: Access to Discounted Wines, Spirits & Minerals Price List

Agreement

Standard Tenancy Agreement A fixed 5 year term

Entry costs approximately £33,875.00 which includes stock, glassware, crockery, cutlery, fuel and cleaning materials, legal, brokers and stocktaking fees, training fees, schedule of condition, working capital and deposit which is 25% of head rent. Fixtures and Fittings are valued at approximately £18,000 and the final valuation will be confirmed on change day. An assisted purchase of F&F may be available with a 25% deposit on change day and weekly re payments to purchase the remaining 75% over an agreed period

Deposit

£6,000

Fixtures & Fittings

£18,000

Legal Admin Fee

£825

Broker Fee

£750

Stocktaking Fee

£150

Working Capital

£7,000

Other Costs

£1,150

Total Entry Costs

£33,875

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. **Please note trading volumes for year 19/20 are for part year trading and reflect the impact of closure during the Covid 19 pandemic**

Year Beer (Brls) Wine & Spirits (Ltrs) Minerals (Ltrs)
2019/20 161 30 1,504
2018/19 130 102 1,137
2017/18 165 110 1,401

The trade space is split into two rooms, each with own bar offering approximately thirty food covers. There is a large trade garden, with covered shelter to the rear.

Trade Bars

Yes

Trade Dining Areas

Yes

Trade Kitchens

Yes

Trade Food Covers

30

Trade Gardens

Yes

Trade Patio Areas

Yes

Trade Rooms to Let

0

Meeting Rooms

No

External Child Play Areas

No

Function Rooms

No

Customer Car Park Spaces

0

Current Premises License Opening Hours

Mon: 08:00-00:20
Tue-Thu: 12:00-00:00
Fri-Sat: 12:00-00:30
Sun: 12:00-00:00

The accommodation consists of two bedrooms, kitchen, lounge, bathroom and office.

Private Rooms

6

Lounge

Yes

Dining Rooms

0

Double Bedrooms

2

Single Bedrooms

0

Bathrooms

1

Toilets

0

Private Kitchens

1

Offices

1

Bedsits

0

BDM Portrait

I am seeking an experienced operator who is hands on and a focal point of the local community. Building a compelling offer will be key to keep the customers returning and the focal point of this should be a great range of Ales, which regularly rotate, a varied entertainment programme as well as a good pub food menu. If this sounds like the right pub for you, then please contact the recruitment team for further information

Tim Sparrow, Business Development Manager

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