Gallery View
Key Highlights
• Well established wet-led business
• Great reputation for sports teams and community events
• Prime location within a densely-populated housing estate
• Opportunity to grow food sales
• Improve purchase prices with agreed retail pricing (to be discussed)
Pub Overview
The Cambridgeshire Hunter is a fantastic business opportunity. The pub already has strong support from the local community and various sporting teams; however, there is a real opportunity to grow the business. Renewed focus on the wider community who could use the pub regularly whilst introducing a small food offer which would help increase footfall during the daytime.
Suitable Applicants
This pub would ideally suit community-minded applicants with a good knowledge of the surrounding area. Ideally you would have both bar and catering experience. The ability to engage with the local community is a must to grow trade beyond sports and develop a calendar of events and a good standard of traditional pub food.
Wells & Co will only grant a tenancy to a limited company. All Directors of the limited company will be required to provide a personal guarantee.
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. |
£25,000 |
|
Security Deposit Paid in advance to Wells & Co. Ltd held to cover credit and rental charges. Returnable at the end of the agreement. |
£10,000 |
|
Stock and Glassware In the region of (paid to the outgoing licensee on the day of changeover) to cover the value of opening stock. |
£4,500 |
|
Valuers Fees In the region of( paid to valuer) for valuing fixtures and fittings.Minimum working capital required |
£800 |
|
Training Course Fees Per person (payable to Wells & Co. Ltd) 5 day induction course mandatory for all licensees – NB £800 for two people |
£500 |
|
Administration Fee In the region of (payable to Wells & Co. Ltd in advance) to cover e.g. premises license changes, solicitors fees, and agreement |
£400 |
|
Advance Rent In the region of (usually 1 month) |
£2,400 |
|
Working Capital Minimum working capital required |
£7,000 |
|
Fixtures and Fittings Estimated valuation (paid to the outgoing licensee via the valuer at least 7 days in advance) to purchase e.g. carpets, curtains, tables and chairs, kitchen equipment. |
£16,000 |
ANTICIPATED RETAINED INCOME
|
Drink Sales FMT |
92% |
|
Food Sales FMT |
8% |
|
Accommodation FMT |
0% |
|
FMT = Fair Maintainable Trade |
Ongoing Costs
|
Service Charge Payable monthly, to include: Cellar cooling service, Buildings insurance, Fire Compliance, Boiler maintenance (tenancies only). NICEIC Electrical Test (tenancies only) |
£3,221 p/a |
|
Accountancy Services fees for a nominated accountant |
£3,025 p/a |
|
Stocktaking Services We recommend all licensees should have six professional stocktakes per annum |
£1,200 p/a |
|
Rent In the region of (payable monthly in advance) |
£29,000 p/a |
Pub Details
Could this be the pub for you?
Please ring 01234 244453 to speak with our recruitment team
