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Horse & Groom, Belgravia

7 Groom Place, Belgravia, London, SW1X 7BA

The Horse & Groom is a quaint and classic London pub tucked away down a pretty, residential cobbled mews in Groom Place, Belgravia, London.

 

Key features

  • Traditonal London pub located in Groom Place, Belgravia
  • Feature bar servery with open plan trade area on ground floor
  • First floor function room
  • Trade kitchen on the first floor
  • Outside patio area with seating at front of property
  • One bed private tenant accommodation
  • Available due to retirement 

Floorplan

THE HORSE & GROOM

The Horse & Groom is a quaint and classic London pub tucked away down a pretty, residential cobbled mews in Groom Place, Belgravia, London.

Probably one of London’s most desirable addresses, Belgravia is a late Georgian estate of terraces, crescents and squares situated between Knightsbridge and Victoria and the Horse & Groom sits proudly at the heart of it all.

This twee modest pub is packed full of  charm and character throughout. You will find a central feature bar servery with an open plan trade drinking and dining area for approximately 20 covers on the ground floor and there is a function room which is used for over trade and private events on the first floor together with a trade kitchen.

Outside to the front of the property tables  and chairs line the old cobbled streets and they are a real hit with the customers during the finer weather.

Currently the Horse & Groom trades Monday to Friday only with a varied food offer and it welcomes a broad range of customers to include its loyal locals, embassy staff and visitors who happen to stumble across this little hidden gem.

The Horse & Groom is now available due to retirement, so Shepherd Neame is looking for new tenants that will be mindful that they are operating in a heavily residential area.

For more information please contact the Trade Recruitment Co-ordinator on 01795 542132.

BAR & RESTAURANT

Feature bar servery with an open plan drinking & dining area for approx. 20 covers on the ground floor. Private function room for approx. 20 covers on the first floor

KITCHEN

Trade kitchen on the first floor

OUTDOOR & PARKING

Patio area with seating to the front of the property

PRIVATE ACCOMMODATION

One bedroom ensuite flat with lounge and small kitchenette on the second floor

Capital Requirements

Estimated capital requirements

Trading deposit£7500
Contract deposit
refundable on day of charge
£500
Repair scheme
+ monthly payments £50
£1000
Inventory£12000
Stock, glassware, cutlery, crockery, etc
Estimated subject to independent valuation by trade broker and stock taker
£3000
Working capital£3000
Training deposit
£750 refundable on completion of training
£1000
Total estimated ingoings£28000

Minimal capital considered

Minimum capital considered
Based on: Trading deposit + stock, glassware, cutlery,
crockery, etc, working capital + training deposits + misc
£16000
Please note: Where only minimal capital is available inventory will be rentalised.

Rent and charges

Rent

Year 1Year 2Year 3
Per anum£TBA£TBA£TBA
Per week£TBA£TBA£TBA

Council tax

Band C

Non Domestic Business Rates

RATEABLE VALUE  - £33,000

MULTIPLIER - 0.499

ESTIMATED RATES PAYABLE - £0

NOTE: 

  • Retail relief has been increased to 100 % for the hospitality industry between 1st April 2020 to 31st March 2021
  • The above calculations are estimations only and as rateable values are subject to change, we would request that the prospective new tenant checks the rates payable and any other relief with the local authorities prior to completing a financial plan

Trading information

Trade

Year ending 30 June

2017 2018 2019 2020 (Jul 19 - Jan 20)
All beer and cider
Barrels
194 149 143 79
Wine
Gallons
656 565 461 294
PPS
Gallons

Premium packaged spirits (eg WKD)
4 2 2 0
Traditional Spirits
Gallons
62 69 83 47
Minerals
Ready to drink litres
2533 2344 2319 1375

Estimated food turnover

£880 per week approximately

Shepherd Neame has no access to the tenant's food turnover figures. Please note this figure is estimated as accurately as possible at time of publishing.

Licence information

Hours authorised by the premises licence

Supply of alcohol, background music and provision of late night refreshment.

Sunday - Thursday - 10.00 - 00.00
Friday - Saturday - 10.00 - 00.30

Open to the public

Sunday - Thursday - 10.00 - 00.30
Friday - Saturday - 10.00 - 01.00

Live music

Monday - Sunday - 10.00 - 23.00

Agreement Overview

  • This pub is being offered on a fixed term tenancy outside of the Landlord & Tenant Act 1954 Part II
  • This is a fully tied agreement across all beer, cider, wine, PPS, spirits and minerals
  • Any deviation from the standard terms outlined above should be discussed at interview stage with your designated Business Development Manager
  • Please note that we require all licensees to pass the Pre-Entry Awareness Training Course (PEAT) a minimum of five days before you can attend a formal shortlist interview with us