McMullens Tenancies
Robin Hood & Little John, Welywn
Key Features
The Robin Hood & Little John is a quaint character property with a large car park and an expanse of garden space. With large gardens to both sides and the front this is an ideal site for external events maximising the opportunity in the summer. The pub itself is split into 2 bars with roughly 40 covers across both. It has a decent sized kitchen to provide customers with good quality pub grub which is imperative due to its rural location. This means the site is rather seasonal so a strong menu, drive to events and excellent marketing is required to drive winter trade. The upstairs accommodation consists of a bedroom, bathroom, living room and kitchen/diner.
The Details
Agreement Type – 5 Year Tenancy
Annual Rent - £30,000
Deposit - £7,500
Barrelage – 141 BBrls
Tie – All beer and cider
Estimated Annual Net Turnover - £340,536 (28% food)
Estimated Fixtures & Fittings - £25,000 (option to be rented)
Advance Rent - £2,500 Net (plus insurance)
Working Capital Inc Stock - £8,000
Estimated Total Ingoing Costs - £36,000
Estimated Minimum Ingoing Costs - £11,000