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
• Payment plan available for fixtures and fittings
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.
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. | £20,950 |
| Security Deposit Approximate figure, paid in advance to Wells & Co. Ltd held to cover credit and rental charges. Returnable at the end of the agreement. | £7,000 |
| Stock and Glassware In the region of (paid to the outgoing licensee on the day of changeover) to cover the value of opening stock. | £3,500 |
| 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) | £2,750 |
| Working Capital Minimum working capital required | £6,000 |
| 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. | £17,500 |
Ongoing Costs
| Service Charge Payable monthly, to include: Cellar cooling service, Buildings insurance, Fire Compliance, Boiler maintenance (tenancies only). NICEIC Electrical Test (tenancies only) | £2,190 |
| Accountancy Services fees for a nominated accountant | £,2600 |
| Stocktaking Services We recommend all licensees should have six professional stocktakes per annum | £1,600 |
| Rent In the region of (payable monthly in advance) | £28,000 |
Pub Details
Could this be the pub for you?
Please ring 01234 244453 to speak with our recruitment team
