Slug And Lettuce St Albans

This impressive bar and restaurant in St Albans city centre offers an exciting opportunity for an experienced operator to take on a prime hospitality venue in one of Hertfordshire’s most vibrant locations.

This impressive bar and restaurant in St Albans city centre offers an exciting opportunity for an experienced operator to take on a prime hospitality venue in one of Hertfordshire’s most vibrant locations. Situated on Victoria Street, a busy route connecting the train station and city centre, the venue enjoys exceptional visibility and a steady flow of footfall throughout the day and evening. Inside, the property features a stylish open-plan layout ideal for all-day trade — from brunches and lunches to cocktails, dining, and late-night entertainment. The design combines contemporary finishes with flexible seating and a large bar area, creating the perfect setting for guests to relax, dine, and socialise. This venue represents a fantastic opportunity to run a restaurant or bar in St Albans, whether as a premium food-led destination, a vibrant evening spot, or a hybrid concept that evolves throughout the day. With its prime location, strong trading history, and adaptable layout, it’s ready for a new operator to make their mark in this thriving city. Key Features • The business benefits from a beer garden / outdoor seating area ideal for summer trade, informal dining, drinks and/ or events. • The venue operates with a late licence (open until around 1 am on Fridays and Saturdays), offering food throughout the day and late-night drinks & cocktails. • Flexible for private or corporate hire—good capacity for events, parties • Dog-friendly, accessible toilets, baby changing facilities, outside smoking/seating areas Business & Financial Information • Estimated ingoings (upfront): £19,545 • Full deposit: £18,750 • Agreement fee: £795 • Guide rent (weekly): £1,442 • Guide rent (annual): £75,000 • Forecast turnover (weekly): £20,032 • Forecast turnover (annual): £1,041,645 Ideal Operator This fantastic business opportunity demands an experienced Turnkey hospitality/leisure operator for late late-night venue with a food operator. A real 'outside the box' entrepreneurial thinker. Minimal investment needed for fit-out/brand rollout, given it’s an established and fully operational venue. Event venue hire: with a flexible internal layout and outdoor space, there is scope to further exploit private hire and events (e.g. birthdays, corporate gatherings, brunches). Upside through promotions/brand activations: given its known name and prime position, seasonal & themed offerings (e.g. summer terrace events, bottomless brunches, late night activations) could drive increased footfall and revenue. Private Accommodation There is no on-site accommodation. Regional Manager's Thoughts Whilst there is no shortage of places to socialise in the bustling City of St Albans, there is a real opportunity here for the new Operator or Operators to introduce new and inaccessible events and technology to drive more footfall and draw people to the venue. Whether this be a more enhanced and optimum live sport viewing offering, the introduction of smart darts, ping pong tables, skittle alleys, coupled with 'live' music, could really put this business back on the map and re-capture the good old days. Bottomless Brunch remains ever popular and should be retained where possible in the future. This is a rare chance to acquire a standout leisure asset in one of Hertfordshire’s most desirable city centres. Slug & Lettuce, St Albans, is already a destination; with its stylish finish, strong brand, versatile offering and prime location, it offers solid income potential and value growth. Surrounding Area Located on Victoria Street in St Albans city centre, this venue sits in one of Hertfordshire’s busiest and most desirable hospitality locations. The area is known for its thriving food and drink scene, with a diverse mix of independent bars, restaurants, cafés, and shops that attract both locals and visitors year-round. St Albans itself is a historic cathedral city, famous for its Roman heritage, markets, and vibrant nightlife. Its strong commuter links to London make it a popular destination for after-work socialising, weekend dining, and evening entertainment. The venue benefits from a high-footfall position, just a short walk from St Albans City Station, ensuring a constant flow of customers throughout the week. With a mix of professionals, families, and visitors exploring the city’s rich cultural and culinary offerings, this location provides an exceptional opportunity for anyone looking to open or run a bar or restaurant in St Albans.