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White Hart, Shefford

Shefford, SG17 5DH

Your investment

£15,000

Agreement Type

Tenancy
  • Great Location in Growing Market Town
  • Fantastic Facilities Throughout
  • Potential Joint Investment Would Be Considered

The White Hart is a large 3 storey coaching inn dating back to the 17th century, located in the heart of the affluent Bedfordshire market town of Shefford. The town is densely populated with residential housing & also boasts a busy High Street of retail & commercial properties. Recent housing developments have increased the population significantly over recent years. The town has a couple of schools, several pubs & restaurants & a good sized Morrisons Supermarket.

Pub Layout

The pub offers separate trading areas accessed from its grand central front doorway or from a rear car park, that leads through a large garden, terraced forecourt & into the restaurant area to the rear of the building. Upstairs are 4 letting bedrooms & accommodation for licensee’s on the top floor. A small en-suite bedsit is also available for a member of staff.

As you enter the building, you will find a large open plan trading area with a large bar servery directly in front of you. To one side is a pool table area with seating mainly for drinks only. The other side is larger which is a softer seating area & to the rear an area more set for dining. The large commercial kitchen is behind the dining area. Leaving by the rear door, you will be in a good sized terraced courtyard with a coverage passageway leading to the front street. The terrace leads you onto a large beer garden with some marquee coverings. Adjacent is a car park for approx. 10 vehicles. Stairs lead you to the 1st floor where there are 4 letting bedrooms. More stairs lead you to the private accommodation.

Currently, the White Hart is drinks led, only with occasional food offered on event days/nights & private bookings such as funerals, christenings, weddings & birthdays. A BBQ is often available in the Spring/Summer months in the garden.

The drinks offer is premium with several world beers on offer & rotating cask ales. Wine list & premium spirits are well stocked at the bar.

Private Accommodation

Comprises of a one bedroom apartment with living room & bathroom.

An addition en-suite bedsit is available for staff.

Letting Accommodation

Four large en-suite bedrooms are available on the 1st floor

Annual Rent: £32,000

Security Deposit: £6,000

Working Capital: £5,000

Stock: £4,000

F&F: TBC – Funding options may be available for the right licensee

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: £325 plus VAT

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

The White Hart could suit a good experienced community led couple with good catering skills. Willing to get involved in the town & build on local events, charity support & community involvement. Good business acumen & recognising a great opportunity to build a successful business could also suit a first timer to this particular trade. Private accommodation may restrict families? Great facilities for a great all round opportunity.

Great opportunity for someone to recognise all the facilities that the property offers, with a premium drinks & traditional or fusion food offer whilst maximising the bonus of the letting rooms for occupancy. Outdoor space is large & finishes the site off with everything that a hospitality venue needs. The commercial kitchen is outstanding.

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). On occasion, our Business Development Manager will discuss a start up rent which is discretionary to an individual pub and can be discussed.

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.  Our standard deposit is 25% of the headline rent.  On occasion, we can negotiate a lower security deposit with the aim to build up to our full deposit on a long term agreement.

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.

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 – 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 – £60.89 per week – The Admiral Taverns Premium Maintenance Package will help take care of your compliance and statutory obligations with one simple fee, whilst giving you piece of mind about your boiler and cellar cooling repair and replacement.  This also includes full access to e-learning for you and your staff.

*Zero Business Rates – Based on the April 2023 rating list, the Nil Rates Payable is based on small business rates relief being applied and the licensee only occupying one property for commercial purposes.


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