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 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.
1st Year Rent Offer: £20,194
Annual Rent £26,925
Estimated Annual Turnover £414,044
Deposit £6,731
Estimated Fixtures & Fittings Value £19,565
Estimated Stock Valuation £8,000
Estimated Working Capital £3,500
Estimated Total Ingoing Costs £37,796
Estimated Minimum Ingoing Costs £13,744
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.