Run a Star Pub - White Horse Hampstead (previously Cork & Bottle) - London

Pub OverviewUnique opportunity in a sough after area! Cork & Bottle is a premium high street pub in the sought after area of Hampstead Heath.

What would you do with this pub to make it a success?

The AreaThe Cork & Bottle is located in the sought after location of Hamstead Heath, close to Royal Free Hospital. The pub benefits from a high footfall from morning until evening.

DemographicsThe pub is one of 11 pubs found in an area of around 12,581 adults. The customer base is made up of mostly mid-life people of high affluence.

The OfferAvailable on our FRI agreement. Click here for more information on this agreement. The potential of this pub lies in developing a strong food & drinks offer, and creating a premium high street pub. The area would benefit from a quality Sunday Roast or similar high end pub food.

The site currently has the ability to drive trade via a strong drinks offering as well as multiple screens for sports.

We\’re always open to new ideas, what would you do to drive trade?

If you\’ve benefited from running or owning a pub business, we\’d love to hear what experience you can bring.The right operator for the pub will have extensive experience in a similar hospitality business. They will have a clear vision for their food & drinks menu and a strong rhythm of the week. Can create a memorable experience and community feel for their customers.

Features

Catering Kitchen

Outdoor Trade

LongTerm FRI Lease

Trading Area & Facilities

Main trading area with bar

80 internal covers

10-20 external covers

Catering kitchen

HEINEKEN SmartDispense

Small courtyard

Private AccommodationThe pub has no private accommodation.

Pub Financials

Estimated Total Ingoing Costs: £50,091

Estimated Minimum Ingoing Costs: £50,091

Annual Rent: £91,802

Estimated Annual Turnover: £1,133,602

Deposit: £22,951

Estimated Fixtures & Fittings Value: £11,640

Estimated Stock Valuation: £12,000

Estimated Working Capital: £3,500

The above figures are provided as a guide only and will be finalised as part of the commercial agreement. All figures quoted are exclusive of VAT.

Estimated Working Capital is an estimate of key start-up costs such as professional fees, training fee, premises license fee, F&F valuation fee & till floats. There will be additional ongoing charges payable during the term of the agreement such as property maintenance, repairs fund, SmartDispense. These costs will be outlined prior to completing a business plan and finalised at Heads of Terms.

The calculation of the Estimated Minimum Ingoing Costs assumes a minimum deposit of 1 month\’s rent and that fixtures and fittings (F&F) are rented. The subsequent deposit build up and F&F rental costs should be included in your financial assumptions in your business plan. Note that on FRI and Investment Tenancy Agreements deposits will always be 3 month\’s rent in advance and fixtures and fittings (F&F) must always be purchased. A deposit of 6 month\’s rent will be required for operators trading under a Limited Company with no Guarantors. In order to ensure a successful start-up, all applicants must have a minimum £10,000 un-borrowed funds.

Downloads

Demographics Report Download arrow

Energy Performance Certificate Download arrow

#J-18808-Ljbffr