Chequers (Stotfold) | Greene King Pub Partners

Facilities

Garden
Car park
Commercial Kitchen
Private accommodation

HIVE PUBS - REFURB COMPLETED

The Chequers Pub in Stotfold is a charming and traditional English pub located in the small, picturesque town of Stotfold which is close to Hitchin. The pub has a long history, offering a warm, welcoming atmosphere for locals and visitors alike. It is known fo...

Important Information

Agreement A 5 year Hive Pub franchise agreement.
Guaranteed Income £20,000
Turnover share 35% of Food Sales 20% of Drink Sales
Profit share 5%
Bonus £7,500
Annual Estimated Total Sales £573,176
Estimated Annual Franchise Retained Income (Pre-bonus) £35,000
Income explained You will earn a guaranteed income of £20,000 per annum (paid at £385 per week), plus a percentage of net food and drink sales (also paid weekly). In addition, you can earn up to £7,500 bonus per annum based on your audited standards and a share of the profit (paid quarterly) if your business is successful.
Entry cost of £5000 is payable on change day. This includes legal fees and start up training costs. An extra £3,000 will be required as working capital, to ensure there is sufficient cash flow in the business before we make our first payment to you. You will be responsible for paying any staff wages including Employers National Insurance, liability insurances to protect the business and the public, TV licence and council tax for private accommodation.
Entry Costs £5,000
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 & Spirit (Ltrs) Minerals (Ltrs)
2023 137 1,939 6,428
2022 115 1,228 4,272
2021 106 1,388 3,504

Year	Beer (Brls)	Wine & Spirit (Ltrs)	Minerals (Ltrs)
2023	137	1,939	6,428
2022	115	1,228	4,272
2021	106	1,388	3,504

Alex De Araujo

Business Development Manager

‘What started out as a job behind the bar turned into a love for pubs and hospitality for me. 13 years later I continue to work in pubs as Business Development Manager with experience across Managed and Leased and Tenanted pubs. I believe this has given me a unique understanding of both the operational and strategic sides of running a pub business, which enable me to help the pub franchisees I support to run great pub businesses of their own. For me, working collaboratively with my franchise partners is key as this results in great ideas shared with one another that everyone learns from, creating even better pub businesses together.’