Beer Garden
External Drinking Area
Function Room
Car Park
Childrens Play Area
Property details
The Cannon is located in Stopsley a busy suburb of Luton. The pub is located in the centre of Stopsley. With a total population of almost 8,914 within a 20-minute walk, this pub is in a great location. The population has medium to high affluence bands and would prefer a great high street pub.
The landlords are planning a refurbishment at the Barrels, that will focus on improving the exterior of the pub and giving it a name change to The Cannon. The pub will benefit from new signage and new paint to reflect the quality of the pub and improve its kerb appeal.
The interior of the site is already in fantastic condition and consists of a main trading area with a bar, smartdispense, a catering kitchen, and a function room.
Externally there is a large garden with childrens play area and a car park.
The private accommodation for this site consists of three bedrooms, a living room, a kitchen, a bathroom, and an office.
Catering Kitchen
Trading style
The potential of the pub lies in creating a great food and drink offer. The Cannon will appeal to locals within the community all year round. With 68 internal covers and 65 external, this pub has huge potential. All the landlords are looking for is the right operator.
Attitude is more valuable than experience. If you’ve got the following, the landlords would 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 the landlords what you can bring to this pub’s next chapter.
Key financials
-
Reference Number:
8M9JTW / 2303416101
-
Agreement Type:
Tenancy
-
Min Ingoing Cost:
£11,150.00
-
Annual Rent:
£19,800.00
The stated ingoing figures are correct at point of advertising. Please be aware there may be additional costs.
Please be aware energy performance certificates are available from the landlord.
Annual Rent £19,800
Estimated Annual Turnover £327,121
Deposit £4,950
Estimated Fixtures & Fittings Value £6,245
Estimated Stock Valuation £6,000
Estimated Working Capital £3,500
Estimated Total Ingoing Costs £20,695
Estimated Minimum Ingoing Costs £11,150
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.