Jubilee Adeyfield

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Pub Overview

The area:

The Jubilee is located in the heart of the Hemel Hempstead, directly opposite a shopping centre, the community centre and a supermarket therefore passing footfall is high. The pub is surrounded by shops, food and retails outlets and mixed housing.

Demographics:

The pub benefits from being one of 2 pubs found in an area of around 5,000 adults. The customer base is made up of families with children and older singles.

The offer

Available on our foundation tenancy agreement. Click here for more information on this agreement . The potential of this pub lies in introducing a well thought through food & drinksoffer. What food & drinks would you look to implement in the pub?

The site currently has the ability to drive trade via live sports, live entertainment and selection of pubs games, such as pool. It offers a selection of popular beers, ciders, wines and spirits and a pub classic menu.

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

Attitude is more valuable than experience. If you've got the following, we'd love to hear from you.
  • Understanding of the local community
  • You know what it takes to build a successful business
  • You love hospitality and are great with 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

  • Catering Kitchen
  • Live Sports
  • Outdoor Trade
  • Private Accommodation
  • Foundation Tenancy


Trading Area & Facilities

  • Main trading area with bar
  • Separate pool / games room
  • 50 internal covers
  • 40 external covers
  • Catering kitchen
  • SmartDispense
  • Garden
  • On street parking available
  • Pub Games


Private Accommodation

Private accommodation consists of 3 bedrooms, kitchen, a living room and bathroom.

Pub Financials

Annual Rent £
24,766
Estimated Annual Turnover £
380,545
Deposit £
6,192
Estimated Fixtures & Fittings Value £
21,778
Estimated Stock Valuation £
10,000
Estimated Working Capital £
3,500
Estimated Total Ingoing Costs £
41,470
Estimated Minimum Ingoing Costs £
15,564

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.

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