Halfway House
Hempstead Road, Bovingdon, Hemel Hempstead, Hertfordshire, HP3 0HF
GREAT OPPORTUNITY IN AN ATTRACTIVE VILLAGE.
The Halfway House is a road side pub situated in the village of Bovingdon. We are looking for the right operator to re-launch this site by offering a fresh and varied menu with good quality and great standards to bring the pub back into focus for local residents and destination customers. By offering themed events and a solid food menu supported by a good drinks selection, this pub has lots to offer both inside and out and now is your chance to develop this as your own.
Garden
Kitchen
Location
Bovingdon is in a suburb village of Hemel Hempstead in Hertfordshire. Next to Bovingdon is the disused former World War II, Eighth Air Force and post-war Royal Air Force airfield, RAF Bovingdon. The airfield was built in 1942.
Business Information
Annual rent
£35,500
Weekly rent
£683
Entry costs
£24,250
Turnover royalty
n/a
Forecasted Operator Turnover
£461,439
Forecasted Operator Profit (inc machine profit)
£44,226
Forecasted Operator Machine Profit
£9,500
Average Beer & Cider Discount*
£126
Type of Tie
Partial tie: Tied All Beer, All Cider & Minerals
Agreement
Standard Tenancy Agreement. A fixed 5 year term. The annual rent shown (£35,500 per annum) takes into consideration a machines supply concession. The annual rent will be £45,000.00 if you prefer not to have Greene King supply machines to you.
Entry cost is approximately £24,250 which includes Fixtures & Fittings at 25% of estimated valuation, stock, glassware, cutlery, crockery, fuel and cleaning materials, legal, brokers and stocktaking fees, training fees, schedule of condition, working capital and deposit. Please note Fixtures and Fittings are estimated at approximately £30,000. 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
£8,875
Fixtures & Fittings
£7,500
Legal Admin Fee
£825
Broker Fee
£750
Stocktaking Fee
£150
Working Capital
£5,000
Other Costs
£1,150
Total Entry Costs
£24,250
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 2021 are for part year trading and reflect the impact of closure during the Covid 19 pandemic**
| Year | Beer (Brls) | Wine & Spirits (Ltrs) | Minerals (Ltrs) |
|---|---|---|---|
| 2023 | 289 | 0 | 3,112 |
| 2022 | 329 | 1 | 4,720 |
| 2021 | 178 | 0 | 2,306 |
Open plan layout with entrance at front and by steps from a rear car park. Seating area to rear and sports bar at the front.
Trade Bars
2
Trade Dining Areas
0
Trade Kitchens
1
Trade Food Covers
50
Trade Gardens
1
Trade Patio Areas
0
Trade Rooms to Let
0
Meeting Rooms
0
External Child Play Areas
0
Function Rooms
0
Customer Car Park Spaces
30
Current Premises Licence Opening Hours
Mon-Sat - 10:00-00:00
Sun - 10:00-23:30
The accommodation consists of a lounge, domestic kitchen, bathroom, toilet, 2 double bedrooms and 1 single bedroom.
Private Rooms
7
Lounge
1
Dining Rooms
0
Double Bedrooms
2
Single Bedrooms
0
Bathrooms
1
Toilets
1
Private Kitchens
1
Offices
1
Bedsits
0
I am looking for the right operator who really understands how to run a locals pub. There is a great opportunity to grow local traffic by opening for longer hours and enhancing the beer range. Food experience would be a bonus so a food offer could be added to enhance the income opportunity.
Rachel Smith,
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