13 High Street, Nutfield, Redhill, Surrey, RH1 4HH
Move in – understand your customers – then help us develop the perfect business
This beautiful Grade 2 listed pub dates back to 1505 and has recently re-established itself as part of the local social scene. Now it’s ready to be transformed into a high performing retail space and we’re looking for an experienced operator to help the business reach its full potential. A recent development has involved increasing the number of dining covers to drive more sales from affluent residents and to provide a better environment so that the Queen’s Head becomes the ‘must visit’ premium destination in the area.
The pub is traditional in style and sympathetic to its listed status. There is currently capacity for 78 diners and an outside space that can increase turnover in the summer months. Following the refurbishment the interior has a more contemporary take on a heritage pub – using stylish period furniture and clean, simple lines offset by a ‘Farrow & Ball’ style colour palette. We have created a drive-to destination business that really appeals to people in your catchment area.
|Car park spaces||15|
The newly refurbished private accommodation is fairly large and includes 4 bedrooms along with a new fitted kitchen and bathroom. This would be great for dual operators sharing or a ready-made space for someone with a family who would like to take advantage of excellent local schools.
|Annual rent||£36,200 per annum|
|Weekly rent||£696.15 per week fixed|
£36,200 per annum, £696.15 per week fixed and subject to annual RPI increase, which is capped. Paid weekly by direct debit.
Entry costs approx £45,650 which includes fixtures and fittings, stock, glassware, crockery, cutlery, fuel and cleaning materials, legal, brokers and stocktaking fees, training fees, Schedule of Conditions, working capital and deposit (25% of head rent, minimum £6,000).
|Fixtures & fittings||£25,000||Working capital||£8,000|
|Other costs||£5,000||Total entry cost||£45,650|
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
•Flexible pricing options available
•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
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.
Calculators to help you are available on the business planning section of our website.
|Year||Beer (Brls)||Wine & spirits (Ltrs)||Minerals (Ltrs)|
The pub is on the A25 Nutfield High Street in a prominent location, with easy access to its car park. Your potential customers are mostly 30-59 years old and have 20% higher than the national average proportion of managerial and professional workers. Home ownership is also significantly above the rest of the country and people achieve a higher level of education. This all adds up to a well-off group of residents with high disposable incomes – exactly the kind of people who would be seeking out a great quality, premium pub at the heart of their village.