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Old Bank

The Parade, Watford, Hertfordshire, WD17 1NA

Ingoing Cost: £13,743
Annual Rent: £26,925

Features
Trading style
Key financials

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External Drinking Area

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No Private Accomodation

Property details

The Old Bank is situated on Watford's busy high street parade. Surrounded by a number of well-known high street bars and nightclubs, The Old Bank puts itself above the rest by being the premium, independent venue in Watford. The pub is surrounded by commercial businesses. Being on the high street there are a number of reasons for people to go to The Old Bank, but the large shopping centre is at the other end of the High Street and Watford Football Ground is less than a mile away. Local demographics are a broad range due to the attraction of the high street shops, restaurants, bars and other entertainment venues.

Trading Area & Facilities:

Main trading area with bar
60 internal covers
52 external covers
Catering kitchen
HEINEKEN SmartDispense

There is no private accommodation on this site.

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Cask Ale

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Catering Kitchen

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Live Entertainment

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Live Sports

Trading style

The potential of this pub lies in developing a premium, high-performing wet-led drinks offer. The site currently has the ability to drive trade via live entertainment. It offers a selection of popular beers, ciders, wines and spirits, cask ales, and coffees.

If you’ve benefited from running or owning a pub business, the landlords would love to hear what experience you can bring.

The right operator for the pub will have extensive experience in a similar hospitality business. They will have a clear vision for their 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 the landlords what you can bring to this pub’s next chapter.

Key financials

Reference Number: 8M9JTW / 2302386101
Agreement Type: Tenancy

Min Ingoing Cost: £13,743.00
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.

1st Year Rent Offer: £20,193

Annual:

Estimated Annual Turnover £414,044
Annual Rent £26,925

Entry Costs:

Deposit** Deposit build-up from 1 month's rent £6,731**
Estimated Fixtures & Fittings Value** Rented fixtures & fittings deal available £13,355**
Stock Valuation £8,000
Working Capital Required £3,500

Indicative entry costs range from** £13,744 - £31,586

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.

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