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Beer Garden
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External Drinking Area
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Car Park
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Restaurant/Dining
Property details
The Old Chequers is based in Gaddensen Row, Hemel Hempstead. The pub itself is located in a small hamlet just outside Hemel Hempstead and is surrounded by beautiful countryside. This is a well-populated area, with 293,000 adults living within a 20-minute drive time of the pub, and consists mainly of high affluence bands. The pub has limited competition, with only two direct competitors, but the pubs all new look and offer make the Old Chequers stand out.
The landlords are planning a full £338,000 refurbishment that touches every part of the Old Chequers. They will be redecorating every inch of the interior of the pub as well as making major improvements to the kitchen and toilets. This will develop a fantastic site with great appeal to the key demographics of the area. The pub will benefit from new signage and new paint. The landlords will also be upgrading the beer garden and side patio. They will also add new festoon lighting and feature lighting in the trees.
When refurbished, The Old Chequers will offer: A quality drinks range including premium and favourite beers, spirits, wines, no & low & soft drinks. A varied food menu offering local produce. Occasional live entertainment. Wine tastings-Gin Tastings. Food and Drink pairings and Cask ale events.
The Old Chequers has the potential to be the go-to destination, with its new food offer and complete refurbishment. The beer garden and patio will be a major draw for locals and those travelling from slightly further afield. A great range of drinks and varied, quality food offers will appeal to a positive and ambitious operator who is experienced in the pub trade and knows what it takes to run a great pub with great food.
The private accommodation consists of four double bedrooms, a kitchen, a living room, a bathroom, and a shower room.
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Cask Ale
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Catering Kitchen
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Experienced Operator
Trading style
When refurbished, The Old Chequers will appeal to a very broad spectrum of customers, including local residents, friends, and colleagues.
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 Old Chequers will have extensive experience in similar hospitality businesses. They will have a clear vision for their food and drinks menu and marketing strategy 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 pubs next chapter.
Key financials
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Reference Number:
8M9JTW / 2303004101
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Agreement Type:
Tenancy
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Min Ingoing Cost:
£194,273.00
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Annual Rent:
£67,093.00
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 £67,093
Estimated Annual Turnover £768,189
Deposit £16,773
Estimated Fixtures & Fittings Value £160,000
Estimated Stock Valuation £14,000
Estimated Working Capital £3,500
Estimated Total Ingoing Costs £194,273
Estimated Minimum Ingoing Costs £194,273
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.