Ye Olde Monken Holt
193 High Street, Barnet, Hertfordshire, EN5 5SU
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.
Private accommodation is small but in good condition and has been well-maintained.
|Annual rent||£39,750.00 per annum|
|Weekly rent||£764.42 per week fixed|
£39,750.00 per annum, £764.42 per week fixed and subject to annual RPI increase, which is capped. Paid weekly by direct debit.
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).
|Fixtures & fittings||£21,000.00||Working capital||£5,000.00|
|Other costs||£6,000.00||Total entry cost||£39,650.00|
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 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.