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Purple Emperor, Harlow

Harlow, CM20 3EH

Your investment

£10,000

Agreement Type

Tenancy

The Purple Emperor is situated in the growing town of Harlow, west Essex , just off the M11 close to Stansted Airport and excellent links into London. It is in the heart of its community and is surrounded by a large number of houses and forms a small community area in a precinct that included a hairdressers, convenience store and a take away. Harlow is a designated ‘new town’ and there is strong employment throughout with a number of residents commuting to Liverpool Street Station and taking advantage of the short journey.

The Purple Emperor is situated in the growing town of Harlow, West Essex, just off the M11 close to Stansted Airport and excellent links into the capital of London. It is in the heart of its community and is surrounded by a large number of houses and forms a small community area in a precinct that includes a hairdressers, convenience store and a take away. Harlow is a designated ‘new town’ and there is strong employment throughout with a number of residents commuting to Liverpool Street Station and taking advantage of the short journey into the city of London.

Pub Layout

The pub has two large bar servery areas that are connected, one of which can be used for functions and events housing a stage for bands or live entertainment. The games room houses a pool table and darts okke for the community pub teams and the larger of the bars is a more relaxed drinking area, with a mixture of loose and fixed seating. There is a large patio garden to the rear that is enclosed with a smoking shelter. The car park is shared with the precinct however there are parking spaces close by but the majority of the customer base usually walk to the pub

The Purple Emperor operates as a community meeting point with an array of entertainment at weekends. The pub has always been known for being family friendly with more of a focus on entertainment in the evenings. Sports are also an opportunity with Sky or BT likely to attract more custom as well as developing more pool teams that will use the pub as a base for home games.

Private Accommodation

The private accommodation situated on the first floor consists of three bedrooms, lounge, kitchen, bathroom and a separate large office (which could be used as a fourth bedroom). This can be accessed through the bar entrance. There is also a room which was formerly a commercial kitchen which can be used.

Annual Rent: £16,000

Security Deposit: £5,000

Working Capital: £2,000

Stock: £3,000

Fixtures and Fittings: Upon Valuation  – funding options available for the right licensee.

Utilities (Gas and Electric): This pub is part of the Group Energy deal and you will therefore be required to purchase gas and electric supply through Admiral Taverns.  For more information on this, please speak with a member of our recruitment team.

Tie:        All drinks categories are tied.  For fully funded licensees on long term agreements, we offer free-of-tie options for certain drinks categories in exchange for an annual fee.

Training: £250 plus VAT

For a breakdown on financial information, please refer to the ‘Additional Info’ tab.

The Purple Emperor would suit an experienced licensee looking to maximise the potential, especially by making use of the large trading areas and established trade. A back bar food operation is immediately workable such as pies or pizzas with further food possible. The pub has great potential to reach out to the community further and enhance its current offer.

Annual Rent – This is our lowest rent figure associated with a Full Tie.  If the tie is reduced the effective rent (via Tie Release Fees) will increase.  Rent is billed and paid for   weekly in advance depending on the payment terms agreed)

Security Deposit – This sum of money will be held on your account and will be returned to you on exiting of the pub based on your final account balance and the condition of the property

Working Capital – This is a recommend amount required which will be used in the day-to-day running of the business

Stock – This will be valued by an independent valuer on the day you take over the pub. This includes unbranded glassware, unopened bottles, wines, spirits, any unopened / opened kegs and cask ale providing the container is unopened

Fixtures & Fittings – This includes any item that is bolted to the floor or walls, and a fitting to be any item that is free standing or hung by a nail or hook. This will also include furniture

Training – This is required when taking on a Business Support Agreement.  Included is an e-learning package for you and your staff and attendance to our ‘Set Up To Succeed’ workshop held at our Head Office in Chester.  Please note, you will be required to attend this workshop before signing a long term tenancy agreement.

Service Charge Cost – £30.19 per week – This is a weekly charge that includes statutory compliance certification (including Annual CP12 and CP42 gas test), cellar cooling services (including full insurance to cover repairs and / or replacements), Health & Safety Essentials (including assessments) and Licensing Support.

Annual Rent – This is our lowest rent figure associated with a Full Tie.  If the tie is reduced the effective rent (via Tie Release Fees) will increase.  Rent is billed and paid for weekly in advance depending on the payment terms agreed)

Security Deposit – This sum of money will be held on your account and will be returned to you on exiting of the pub based on your final account balance and the condition of the property

Working Capital – This is a recommend amount required which will be used in the day-to-day running of the business

Stock – This will be valued by an independent valuer on the day you take over the pub. This includes unbranded glassware, unopened bottles, wines, spirits, any unopened / opened kegs and cask ale providing the container is unopened

Fixtures & Fittings – This includes any item that is bolted to the floor or walls, and a fitting to be any item that is free standing or hung by a nail or hook. This will also include furniture

Training – Before signing a long term agreement, you will be required to attend our 7 Steps to Sales Success training programme.  Held online over three days, you will learn marketing and business strategies that will help you to grow sales in your pub – step-by-step.

Service Charge Cost – £30.10 per week – This is a weekly charge that includes statutory compliance certification (including Annual CP12 and CP42 gas test), cellar cooling services (including full insurance to cover repairs and / or replacements), Health & Safety Essentials (including assessments) and Licensing Support.


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