Nags Head

The Ford, Little Hadham, Ware, Hertfordshire, SG11 2AX

A WARM AND RELAXED COUNTRY PUB

Built in 1595, The Nags Head still retains its character. It is a popular and welcoming country dining pub with small linked rooms with original beams visible. It is famous locally for enjoyable food, from snacks to daily specials and Sunday lunches. The small bar features close-set tables with a good portfolio of ales and decent wines. The restaurant is down a couple of steps which is popular with tourists, ramblers and locals alike. The garden areas to the front and rear are a popular choice with customers, whilst the secret garden offers a unique al-fresco dining experience and is very pleasant. The pub is in an affluent area, with a good regular trade, and potential for growth.

Location

Business Information

Annual rent

£41,250

Weekly rent

£793

Entry costs

£53,187

Turnover royalty

n/a

Forecasted Operator Turnover

£448,420

Forecasted Operator Profit (inc machine profit)

£41,054

Forecasted Operator Machine Profit

£0

Average Beer & Cider Discount*

£36

Type of Tie

Full tie: All products

Agreement

Standard Tenancy Agreement A fixed 5 year term agreement

Entry costs approximately £53,187.00, 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

£10,312

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

£53,187

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 95 2,518 3,956
2018/19 114 3,257 4,896
2017/18 84 1,918 3,470

A traditional rural character property, which is well invested and boasts excellent indoor and outdoor trading spaces with enduring popularity. There are approximately sixty food covers split across the internal trade space, with more outside during the warmer months.

Trade Bars

Yes

Trade Dining Areas

Yes

Trade Kitchens

Yes

Trade Food Covers

60

Trade Gardens

No

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-Sat: 11:00-00:30
Sun: 12.00-23.30

The accommodation is decorated to a basic standard, some low beams and character features

Private Rooms

7

Lounge

Yes

Dining Rooms

0

Double Bedrooms

2

Single Bedrooms

1

Bathrooms

1

Toilets

1

Private Kitchens

0

Offices

1

Bedsits

0

BDM Portrait

I am seeking an established operator, looking for their next opportunity. This well loved country pub has a strong reputation for food and offers a relaxed and comfortable atmosphere. The 'secret garden' also offers a secluded al fresco dining experience, in a pleasant environment. If this pub is the exciting opportunity you have been waiting for, then please contact our recruitment team for further information.

Andy Turner, Business Development Manager

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