Elephant & Castle

Amwell Lane, Wheathampstead, St Albans, Hertfordshire, AL4 8EA

A picture postcard Pub, situated in the beautiful Hertfordshire countryside

The Elephant & Castle is a stunning listed building dating back to the 1700's. This site currently serves home cooked food and great cask ale and is popular amongst the local community. The locals make up a large volume of the trade, however with the right operator and offer it has potential to be a leading destination Pub for food in the area. The Elephant and Castle is bristling with wonderful character features and has an abundance of charm. Improving the current 'Pub grub' offer and developing the menu further would in our opinion, be the pathway to success. With such a beautiful location, charming Pub, large garden and an affluent area, the foundations are firmly in place, all we need is YOU!

Location

The Elephant & Castle is a stunning listed building dating back to the 1700's. This site currently serves home cooked food and great cask ale and is popular amongst the local community. The locals make up a large volume of the trade, however with the right operator and offer it has potential to be a leading destination Pub for food in the area. The Elephant and Castle is bristling with wonderful character features and has an abundance of charm. Improving the current 'Pub grub' offer and developing the menu further would in our opinion, be the pathway to success. With such a beautiful location, charming Pub, large garden and an affluent area, the foundations are firmly in place, all we need is YOU!

Business Information

Annual rent

£35,000

Weekly rent

£673

Entry costs

£33,725

Turnover royalty

n/a

Forecasted Operator Turnover

£349,381

Forecasted Operator Profit (inc machine profit)

£34,670

Forecasted Operator Machine Profit

£0

Average Beer & Cider Discount*

Blended £36

Type of Tie

Partial tie: Tied All Beer, All Cider & Minerals

Agreement

Standard Tenancy Agreement A fixed 5 year term agreement which is contracted out of the Landlord and Tenant Act 1954 •Tie variations available •Rent set at the start of the agreement, subject to the annual Retail Prices Index (RPI) which is capped •Greene King is responsible for the structure of the building •Ability to end agreement with 6 months notice at any time with standard notice fee equal to 3 months rent

Entry costs approximately £33,725.00, 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 £15,000 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

£15,000

Legal Admin Fee

£825

Broker Fee

£750

Stocktaking Fee

£150

Working Capital

£10,000

Other Costs

£1,000

Total Entry Costs

£33,725

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.

Year Beer (Brls) Wine & Spirits (Ltrs) Minerals (Ltrs)
2018/19 140 1 1,706
2017/18 134 0 1,166
2016/17 144 23 2,947

There are two bar areas, one of which is mainly used as a dining room. Both bars benefit from traditional log fires. There are two large garden areas, one to the side and one to the rear of the pub which are well used during the summer months. There is a good sized trade kitchen and large car park

Trade Bars

Yes

Trade Dining Areas

Yes

Trade Kitchens

Yes

Trade Food Covers

40

Trade Gardens

Yes

Trade Patio Areas

No

Trade Rooms to Let

0

Meeting Rooms

No

External Child Play Areas

No

Function Rooms

No

Customer Car Park Spaces

20

Current Premises License Opening Hours

Mon - Thu: 12:00-23:30
Fri - Sat: 12:00-00:30
Sun: 12:00 - 00:00

There are two bedrooms, one living room and one bathroom.

Private Rooms

4

Lounge

Yes

Dining Rooms

0

Double Bedrooms

2

Single Bedrooms

0

Bathrooms

1

Toilets

0

Private Kitchens

0

Offices

0

Bedsits

0

BDM Portrait

I am looking for a passionate food operator who knows how to offer superb service and delight their guests with endeavour and enthusiasm. The Elephant and Castle represents a rare opportunity to take on a great destination pub, situated close to the affluent towns of Harpenden and St Albans in Hertfordshire and make it great again. If you have the requisite skills to make the Elephant and Castle the best Pub in the area, contact the recruitment team for more information

Andrew Milne, Business Development Manager

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