Gallery View
Key Highlights
- Well situated pub with good kerbside presence and ample parking
- Large commercial kitchen to support food offer and enable growth
- Large garden area to the rear
- Close proximity to the historic university town of Cambridge
- Full of character throughout the trade area
- Private accomodation comprising of one bedroom, living area, kitchen and bathroom
Pub Overview
The Rose is a traditional village pub full of character with low ceilings and exposed beams making it a fantastic space for guests to dine, drink and relax. The Rose has a large commercial kitchen and extensive garden with large car park to the rear. The pub benefits from a main bar & trade area suitable for drinking & dining giving a very versatile trade space that offers a relaxed and inviting customer experience. The site also has a small snug with its own bar suitable for private dining or events. This pub offers the operator a blank canvas to create a truly picturesque offering with great roadside presence and the potential to be a real go to venue.
Suitable Applicants
Experienced pub or food operators required with experience in menu development and food execution. The prospective tenant has an opportunity to really drive the food offer at site putting their own stamp on the pub offer and setting themselves apart form the crowd
Financial Overview
ANTICIPATED INVESTMENT REQUIRED
We estimate the Investment required for this pub would be as follows:
|
APPROXIMATE TOTAL Please note that these are estimated figures, given as a guide only, and do not include fixtures and fittings |
£27,250 |
|
Security Deposit Payable in advance to Wells to cover charges incurred by your business (If your business is to operate as a limited company a bond of £10,000 is required, together with a personal guarantee for all directors) |
£10,000 |
|
Training Course Fees Per person (payable to Wells & Co. Ltd) 5 day induction course mandatory for all licensees – NB £800 for two people |
£0 |
|
Administration Fee In the region of (payable to Wells & Co. Ltd in advance) to cover e.g. premises license changes, solicitors fees, and agreement |
£450 |
|
Working Capital Minimum working capital required |
£10,000 |
|
Stock & Glassware In the region of to cover the value of opening stock |
£6,000 |
|
Valuers Fee In the region of (paid to valuer) for valuing fixtures and fittings. |
£800 |
|
Advanced Rent In the region of (usually 1 month) |
£0 |
|
Fixtures & Fittings Estimated valuation to purchase e.g. carpets, curtains, tables and chairs, kitchen equipment (£ est) |
TBC |
ANTICIPATED RETAINED INCOME
|
Drink Sales FMT |
40% |
|
Food Sales FMT |
60% |
|
Accommodation FMT |
|
|
FMT = Fair Maintainable Trade |
Ongoing Costs
|
Service Charge Payable monthly, to include: Cellar cooling service, Extract clean, Buildings insurance, Fire Compliance, Boiler maintenance (tenancies only). Electrical Test (tenancies only) |
£4,000 pa |
|
Accountancy Services Fees for a nominated accountant (in the region of) |
£4,254 pa |
|
Stocktaking Services Six professional stocktakes per annum recommended |
£1,356 pa |
|
Rent In the region of (payable monthly in advance) |
£15,500 pa |
Pub Details
Could this be the pub for you?
Please ring 01234 244453 to speak with our recruitment team
