Run a Star Pub - Old Chequers Hemel Hempstead - Hemel Hempstead

Pub Overview

Nestled in the peaceful countryside just outside Hemel Hempstead, this pub offers a rare opportunity to attract a wide range of customers - from local families and countryside walkers to office workers and couples seeking a relaxing spot. The area combines the charm of rural life with easy access to a nearby town, and with over 230,000 adults within a 20-minute drive, there is significant potential to build a loyal following without facing immediate competition.

We’re making a substantial investment to transform both the inside and outside of the pub, bringing in a fresh design, new signage, and a warm, inviting ambiance. The revamped food and drink offerings will feature a full pub menu, a complete drinks range with alcohol-free options, and a dedicated coffee selection. With the added appeal of quiz nights, tastings, and special food events, this pub is primed to become a year-round destination for locals and visitors alike.

The offer

• Drinks: The pub will offer a wide range of drinks, including lagers, cask ale, ciders, spirits, wines, some cocktails along with a great range of soft drinks and low & no options. This variety ensures the pub appeals to a broad range of consumers.
• Food: A straightforward pub menu with plenty of crowd-pleasing pub classics.
• Coffee: A straightforward coffee offer will help widen the appeal of the pub towards those looking for something other than a cold drink.
• Events: The pub will offer a range of events such as gin and wine tasting. These events will create a vibrant atmosphere and will drive a healthy rhythm of the week.

The Old Chequers is available on our Investment agreement. 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 Old Chequers will have extensive experience in community-led hospitality businesses. They will have a clear vision for their food & drinks menu, marketing strategy and entertainment offer and can create a memorable experience for their customers.

If this sounds like the incredible pub opportunity you’ve been waiting for, apply today and tell us what you can bring to this pub's next chapter...

Features

• Investment Tenancy
• Refurbishment Planned
• Catering Kitchen
• Car Park
• Outdoor Trade
• Private Accommodation

The Old Chequers will be undergoing a refurbishment which will cover the interior and the exterior of the pub. A full list of works and pub floor plan can be found in the ‘refurbishment details’ in the downloads.

The pub's trading area and facilities post-refurbishment will be:

• Main trading area with bar
• New Signage
• 30 internal covers
• 84 external covers
• Catering kitchen
• Large garden
• Car park

Applicants should be aware that all refurbishments are subject to final board approval which will be determined as part of the leasing process. Where a significant investment is made in a pub by Star Pubs & Bars, an "Investment Exemption" will be required. The exemption means that the option of a Market Rent Option lease won't be available at rent review for a period of up to seven years for this site, as per The Pub Code (2016).

Private Accommodation

The private accommodation consists of four double bedrooms, kitchen, living room, bathroom and shower room.

Pub Financials

• Estimated Total Ingoing Costs: £194,078
• Estimated Minimum Ingoing Costs: £194,078
• Annual Rent: £66,310
• Estimated Annual Turnover: £781,222
• Deposit: £16,773
• Estimated Fixtures & Fittings Value: £160,000
• Estimated Stock Valuation: £14,000
• 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 months' rent in advance and fixtures and fittings (F&F) must always be purchased. A deposit of 6 months' 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.