Birchanger Lane, Birchanger, Bishops Stortford, Essex, CM23 5QR
Stunning premium food site in an excellent location, a short distance from Stansted Airport, long stay car park and surrounded by various hotels and travel lodges for visitors staying nearby.
The Three Willows is an established food business, currently trading 70% / 30% in favour of food. Set in a premium location close to Stansted, Saffron Walden and Bishops Stortford, and currently trading at a strong level. The pub benefits from a large car park, separate restaurant area and a garden to the rear. The pub is an important asset to the village and the decoration displays the villages history of cricket to support the local community.
Trade areas are in excellent condition.
|Car park spaces||15|
Accommodation in good condition
|Annual rent||£46,000 per annum plus 5.0% Turnover Royalty|
£46,000 per annum, £884.62 per week fixed and subject to annual RPI increase, which is capped. Paid weekly by direct debit.
Entry costs approx £26,800 which includes stock, glassware, crockery, cutlery, fuel and cleaning materials, legal, brokers and stocktaking fees, training fees, schedule of condition, working capital and deposit (25% of head rent, minimum £6,000). *Please note that Fixtures and Fittings are still to be valued.
|Fixtures & fittings||£0||Working capital||£5,000|
|Other costs||£8,650||Total entry cost||£26,800|
Our Turnover Agreement reflects how your business performs. You pay a fixed rent plus a percentage of your weekly net turnover sales.
• A 5 year, fixed term agreement, contracted out of the Landlord and Tenant Act 1954.
• Basic rent plus a Turnover Royalty percentage.
• Basic rent subject to capped annual changes in the Retail Price Index (RPI) only with no rent reviews.
• Flexible tie variations available.
• Discounted price list unique to the Turnover Agreement.
• Greene King is responsible for the structure of the building.
• Ability to end agreement with 6 months’ notice and payment of a Standard Notice Fee (3 months’ basic rent). Notice can be served
at any time.
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)|
Birchanger is a village in Essex located 1.9 miles north from Bishop's Stortford and roughly 16 miles northwest from Chelmsford.
The village has a cricket, bowls and football club and is 1.9 miles away from London Stansted Airport. Birchanger is known for its protected Birch trees in the Birchanger wood.