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.
Dining areas
Garden
Kitchen
Patio
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
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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