The Ship, Cambridge

The Ship, Cambridge

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Key Highlights

  • 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

Pub Overview

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.

Suitable Applicants

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.

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. £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
Drink Sales 95%
Food Sales 5%
Room Sales

Ongoing Costs

Service Charge Payable monthly, to include: Cellar cooling service, Buildings insurance, Fire Compliance, Boiler maintenance (tenancies only). NICEIC Electrical Test (tenancies only) £2,733pa
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
Please note that these are estimated figures, given as a guide only. Goods and services may be subject to VAT.

Pub Details

Northfield Avenue, Cambridge, Cambridgeshire, CB4 2LG
Destination community wet
Total Investment 15k - 20k
Potential Partner Profit £20,000
Enquire About This Pub

Could this be the pub for you?

Please ring 01234 244453 to speak with our recruitment team.