- Prominent location on the east side of Cambridge with large garden and car park
- Great reputation amongst local sports fans
- Good sized catering kitchen, with plenty of storage capacity
- Potential for joint venture investment subject to board approval.
- Payment plan available for fixtures and fittings
With historic good levels of trade established by previous operators, The Ship presents an enticing opportunity to take on a popular community-focused local pub. Located in Kings Hedges & Arbury areas of Cambridge, within easy walking distance of the area's sizeable population, The Ship occupies a prominent location and has a good roadside presence. The pub is a traditional community pub, with Pool, Darts, Bingo & Karooke amongs the activities, with the potential for a simple value for money food offer.
The Ship would suit an operator committed to engaging with their local community passionate about providing a community hub for the area with safe atmosphere. A desire to develop the pub’s value for money food offer and build upon its already strong reputation for community activities is a must. Financial know-how is required to maximise the pub’s profit potential, as is marketing experience - particularly social media, in order to promote The Ship's events programme to the wider area.
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.||£18,750|
|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. Note - If the business is to be run as a limited company, personal guarantors from each company director are required.||£6,000|
|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)||£1,550|
|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.||£11,000|
ANTICIPATED RETAINED INCOME
|Service Charge Payable monthly, to include: Cellar cooling service, Buildings insurance, Fire Compliance, Boiler maintenance (tenancies only). NICEIC Electrical Test (tenancies only)||£2,733pa|
|Accountancy Services fees for a nominated accountant||£2,625pa|
|Stocktaking Services We recommend all licensees should have six professional stocktakes per annum||£1,600pa|
|Rent Payable monthly in advance||£18,500pa|
Could this be the pub for you?
Please ring 01234 244453 to speak with our recruitment team.