FindMyPub.com
External Drinking Area
FindMyPub.com
No Private Accomodation
Property details
Thekaa is situated on Watford's busy high street parade. Surrounded by several well-known high-street bars and nightclubs, Thekaa puts itself above the rest by being a 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.
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.
There is no private accommodation on this site.
FindMyPub.com
Cask Ale
FindMyPub.com
Catering Kitchen
FindMyPub.com
Live Entertainment
FindMyPub.com
Live Sports
Trading style
Currently operating as a late evening cocktail and wine venue that shows music/movies at weekends. Small food offers Pizzas and smaller plates. No machines or sports due to the venue type.
Thekaa needs to be a chameleon-style venue that offers coffee and pastries in the 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 bars/restaurants. Lunchtime bottomless brunches at weekends with great events, movie nights, and comedy nights. Needs to have a real Unique Selling Point.
Key financials
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Reference Number:
8M9JTW / 2302386101
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Agreement Type:
Tenancy
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Min Ingoing Cost:
£13,744.00
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Annual Rent:
£26,925.00
The stated ingoing figures are correct at point of advertising. Please be aware there may be additional costs.
Please note that the Energy Performance Certificate is available from the landlord.
Please be aware that energy performance certificates are available from the landlord.
* A 25% rent reduction will be applied to the first 12 months following completion of a fully signed lease agreement (5 years in England & Wales, 3 years in Scotland) on selected properties only. No cash alternative is payable.
Annual:
Estimated Annual Turnover £414,044
Annual Rent £26,925
Entry Costs:
Deposit** Deposit build up from 1 month rent £6,731**
Estimated Fixtures & Fittings Value** Rented fixtures & fittings deal available £19,565**
Stock Valuation £8,000
Working Capital Required £3,500
Indicative entry costs range from** £13,744 - £37,796
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.