Investment Opportunity

Ye Olde Monken Holt

193 High Street, Barnet, Hertfordshire, EN5 5SU

Pub overview

Ye Olde Monken Holt – The Monk – is a beautiful, snug pub that provide the right mix of quirky comfort to appeal to affluent customers in the area.

This business has been operated by Greene King’s managed pubs division and is now available for the right operator to develop as their own business. It is known for serving freshly-prepared food which would also be available to you if you opted to use the Greene King Food & Supplies Service. Greene King is happy to invest capital in this business to ease its transfer from our managed division and help you create your own unique space that would appeal to customers in the area. The Monk has been well-managed and even built coffee morning trade, so you would be taking over from a flying start.

Trading space is in good condition and provides a modern interpretation of a traditional British pub with quirky touches that you wouldn’t expect from a managed business.

Trade space
Bars 1
Dining rooms 1
Food covers 46
Trade kitchens 1
Patio areas 1

Private accommodation is small but in good condition and has been well-maintained.

Private space
Private Rooms 4
Single Bedrooms 1
Double bedrooms 1
Bathrooms 1
Office 1

Rent information

Annual rent £43,000.00 per annum
Weekly rent £826.92 per week fixed
Notes

£43,000 per annum, £3,583.33 per week fixed and subject to annual RPI increase, which is capped. Paid weekly by direct debit.
Machine income free of tie

Entry costs approx £39,625.00 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).

Brokers £675.00 Legal £825.00
Deposit £6,000.00 Stocktaking fees £150.00
Fixtures & fittings £21,000.00 Working capital £5,000.00
Other costs £6,000.00 Total entry cost £39,650.00

Agreement description

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.

Trading volumes

Year Beer (Brls) Wine & spirits (Ltrs) Minerals (Ltrs)
2015/16 250 3,844 3,716
2014/15 240 4,991 4,541
2013/14
Volume notes

Location

The pub sits at the end of the High Street and is close to shops and other facilities. It has a prominent roadside position and is close to the popular Hadley Green which is a site of metropolitan importance for nature conservation. Chipping Barnet and Monken Hadley are extremely affluent areas and the proximity of tube and rail services means that the pub is in an ideal location for commuters.

Facilities

Trade bar
Dining area
Trade kitchen
Trade patio

Current premises licence opening hours

Mon to Weds 12:00 - 00.30 Thu to Sat 10:00 - 01.30 Sun 11:00 - 00.30

Contact Us

Mick Sheridan

Business Development Manager

Call us today 0845 607 5330

Apply online
“ This is a beautiful little pub with affluent customers right on your doorstep. It has bags of personality and is ready for someone to make their mark! ”