The Ship, Cambridge - Exciting Investment Planned

The Ship, Cambridge - Exciting Investment Planned

  • The Ship, Cambridge - Exciting Investment Planned gallery image
  • The Ship, Cambridge - Exciting Investment Planned gallery image
  • The Ship, Cambridge - Exciting Investment Planned gallery image
  • The Ship, Cambridge - Exciting Investment Planned gallery image
  • The Ship, Cambridge - Exciting Investment Planned gallery image
  • The Ship, Cambridge - Exciting Investment Planned gallery image
  • The Ship, Cambridge - Exciting Investment Planned gallery image
Gallery View

Key Highlights

  • Transformation Investment Planned
  • Prominent location on the east side of Cambridge with large garden and car park
  • Opportunity to develop a fantastic community Pub
  • Good sized catering kitchen, with plenty of storage capacity
  • Profit before draws based on Fair Maintainable Turnover over £40,000

Pub Overview

With historical good levels of trade established by previous operators, and a planned transformational investment by Wells & Co, 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 & entertainment amongst the activities, with there is an opportunity to create for a simple, traditional & value for money food offer. that will attract in customers during the day, as well as during events and activities.

Suitable Applicants

The Ship would suit strong entrepreneurial operators committed to engaging with their local community & to providing a community hub for the area with safe atmosphere. The operator must have a desire to develop the whole of the business including local activities as well as a traditional food offer and with the investment to build its already strong reputation for community activities.

 

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 new transformational investment and 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. £14,300
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. £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. £0
Valuers Fees In the region of (paid to valuer) for valuing fixtures and fittings. £0
Training Course Fees   Per person (payable to Wells & Co. Ltd) 5 day  induction course mandatory for all licensees – NB £800 for two people £550
Administration Fee In the region of (payable to Wells & Co. Ltd in advance) to cover e.g. premises license changes, solicitors fees, and agreement £750
Advance Rent In the region of (usually 1 month)  £0
Working Capital Minimum working capital required £3,000

Ongoing Costs

Service Charge Payable monthly, to include: Cellar cooling service, Buildings insurance, Fire Compliance, Boiler maintenance (tenancies only). NICEIC Electrical Test (tenancies only) £3,000pa
Accountancy Services Fees for a nominated accountant  (extra £695 for Limited Company) £3,905pa
Stocktaking Services We recommend all licensees should have six professional stocktakes per annum £960pa
Rent Payable monthly in advance £0pa
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 5k - 15k
Potential Partner Profit £40,000
Enquire About This Pub

Could this be the pub for you?

Please ring 01234 244453 to speak with our recruitment team.