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For Companies At a Glance
- Tasks: Manage a vibrant pub, offering unique food and drink experiences.
- Company: Thekaa is an independent venue in Watford's bustling high street, known for its premium offerings.
- Benefits: Enjoy a 25% rent reduction for the first year and a lively work environment.
- Why this job: Be part of a creative space with exciting events like movie nights and bottomless brunches.
- Qualifications: Must have £10,000 un-borrowed funds and a passion for hospitality.
- Other info: No machines or sports; focus on cocktails, wine, and quality food.
The predicted salary is between 36000 - 60000 £ per year.
Pub Overview
Thekaa is situated on Watford\’s busy high street parade. Surrounded by a number of well-known high street bars and nightclubs, Thekaa puts itself above the rest by being the premium, independent venue. Local demographics are a broad range due to the attraction of the high street shops, restaurants, bars and entertainment venues.
Being on the high street there are a number of reasons for people to go to Thekaa but the large shopping centre is at the other end of the High Street and Watford Football Ground is less than a mile away. The paved area outside the venue has 2 large events a year which is a great footfall driver.
Currently operating as a late evening cocktail and wine venue that shows music/movies at weekends. Small food offer of Pizzas and smaller plates. No machines or sports due to the venue type.
Thekaa needs to be a chameleon style venue that offers coffees and pastries in morning for commuters and workers/hot desks. Need to have a unique high quality food offer to compete with the likes of The Florist and chain bar/restaurants. Lunch time bottomless brunches at weekends with great events, movie nights, comedy nights. Needs to have a real Unique Selling Point.
* 25% rent reduction will be applied to first 12 months following completion of a fully signed lease agreement (5 years England & Wales, 3 years Scotland) on selected properties only. No cash alternative is payable.
Features
- Live Sports
- Catering Kitchen
- Music Venue
- Cask Ale
- Foundation Tenancy
Trading Area & Facilities
Thekaa has a great open drinking and dining space with a secret covered courtyard. A large/oversized open fire with multiple years worth of melted candle wax covering to bring a rustic and classic feel.
Private Accommodation
None
Pub Financials
Pub Financials Icon
Estimated Total Ingoing Costs
£37,796
Estimated Minimum Ingoing Costs
£13,744
Annual Rent
£26,925
Estimated Annual Turnover
£414,044
Deposit
£6,731
Estimated Fixtures & Fittings Value
£19,565
Estimated Stock Valuation
£8,000
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
- Energy Performance Certificate Download arrow
- Demographics Report Download arrow
Run a Star Pub - Thekaa Watford - Watford employer: ApplyGateway
Contact Detail:
ApplyGateway Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Run a Star Pub - Thekaa Watford - Watford
✨Tip Number 1
Familiarise yourself with the local area and its demographics. Understanding the preferences of the diverse clientele around Watford's high street will help you tailor your offerings at Thekaa, making it a go-to spot for both locals and visitors.
✨Tip Number 2
Think creatively about unique events that could attract customers. Consider hosting themed nights or special promotions that align with the interests of the community, such as movie nights or live music events, to set Thekaa apart from competitors.
✨Tip Number 3
Network with local businesses and organisations. Building relationships with nearby shops, restaurants, and entertainment venues can lead to collaborative events or cross-promotions that drive foot traffic to Thekaa.
✨Tip Number 4
Prepare a solid business plan that highlights your vision for Thekaa. Include innovative ideas for food and drink offerings, as well as strategies for attracting a diverse customer base, to demonstrate your commitment and understanding of the market.
We think you need these skills to ace Run a Star Pub - Thekaa Watford - Watford
Some tips for your application 🫡
Understand the Venue's Concept: Familiarise yourself with Thekaa's unique selling points and its position as a premium independent venue. Highlight how your vision aligns with their concept of being a versatile space catering to different demographics throughout the day.
Craft a Compelling Business Plan: Prepare a detailed business plan that outlines your strategy for Thekaa. Include innovative ideas for food offerings, events, and marketing strategies that will set it apart from competitors like The Florist.
Highlight Relevant Experience: In your application, emphasise any previous experience in managing similar venues or running successful food and beverage operations. Showcase your ability to adapt to different customer needs and create engaging experiences.
Financial Preparedness: Be transparent about your financial readiness. Ensure you mention your un-borrowed funds and how you plan to manage the estimated costs associated with starting up at Thekaa, demonstrating your understanding of the financial commitments involved.
How to prepare for a job interview at ApplyGateway
✨Know Your Venue
Familiarise yourself with Thekaa's unique offerings and atmosphere. Understand its position on the high street and how it stands out from competitors. Be ready to discuss how you can enhance its appeal and attract a diverse clientele.
✨Showcase Your Creativity
Thekaa needs a unique selling point, so come prepared with innovative ideas for events, food offerings, and marketing strategies. Think about how you can transform the venue into a versatile space that caters to different audiences throughout the day.
✨Understand Financials
Be ready to discuss the financial aspects of running a pub, including managing costs and maximising turnover. Familiarise yourself with the estimated financial figures provided in the job description and be prepared to present your own financial plan.
✨Engage with the Community
Since Thekaa is located in a vibrant area, demonstrate your understanding of the local demographics and how you can engage with the community. Discuss potential partnerships with nearby businesses or events that could drive footfall to the pub.
