French Horn

Church End, Steppingley, Bedford, Bedfordshire, MK45 5AU

A FINE VILLAGE PUB, OFFERING FABULOUS FOOD AND A STRONG REPUTATION

The French Horn is a great Village pub in the Bedfordshire village of Steppingley. The pub is famous locally for its mixture of French cuisine and British pub classics as well as playing an active part in its local community. The site operates with a sales mix of 40/60 in favour of food and there is also demand from local residents to drink in the bar. Your success with food will be key here, as well as engaging with those locals in the bar. There is plenty of competition in the local area, so getting the offer right, clever marketing and great standards of service will be important if you are to stand out from the crowd. Internally the pub is well presented and offers charm and character, as well as a warm welcome. There is a formal dining room, as well as two bar areas. The rear garden is lovely but could be further utilised during the summer months to drive sales.

Location

Business Information

Annual rent

£49,000

Weekly rent

£942

Entry costs

£55,125

Turnover royalty

n/a

Forecasted Operator Turnover

£531,007

Forecasted Operator Profit (inc machine profit)

£47,507

Forecasted Operator Machine Profit

£0

Average Beer & Cider Discount*

£36

Type of Tie

Partial tie: Tied All Beer, All Cider, Minerals & Spirits

Agreement

Standard Tenancy Agreement A fixed 5 year term

Entry costs approximately £55,125.00, 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 £30,000 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

£12,250

Fixtures & Fittings

£30,000

Legal Admin Fee

£825

Broker Fee

£750

Stocktaking Fee

£150

Working Capital

£10,000

Other Costs

£1,150

Total Entry Costs

£55,125

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)
2019/20 116 225 4,596
2018/19 140 131 4,968
2017/18 147 218 6,433

The trade space is split across three rooms and is packed with character, from the traditional mix of old dining tables and chairs to more comfortable sofas and a relaxed lounge area. There is a small snug bar to the left as you enter the pub, which is predominately used by the local drinkers. There is a main bar area, which offers some food covers and a large fire place with log burner. Finally, there is a dining room, offering formal dining and a comfortable enviroment. Externally there is a really lovely rear garden and parking to the front for sixteen vehicles.

Trade Bars

Yes

Trade Dining Areas

Yes

Trade Kitchens

Yes

Trade Food Covers

72

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

16

Current Premises License Opening Hours

Mon-Sat: 11:00-01:30
Sun: 11:00-00:30

Located across the first floor, the accommodation consists of three bedrooms, kitchen, bathroom and office and is generally in good condition.

Private Rooms

6

Lounge

No

Dining Rooms

0

Double Bedrooms

2

Single Bedrooms

1

Bathrooms

1

Toilets

0

Private Kitchens

1

Offices

1

Bedsits

0

BDM Portrait

I am seeking an experienced operator, who really knows how to deliver a premium food brand, focusing on quality, fresh produce. The French Horn is a pub serious about food and is a real destination for diners from the local area and the wider county of Bedfordshire. The pub is close to the Centre Parcs resort at Woburn so clever marketing to reach holiday makers and those looking for a great experience in a great Village pub could hold the key to your success. For further information, please contact the recruitment team.

Phil Venables, Business Development Manager

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