- Traditional country inn in prime location on village green
- Nine letting rooms
- 50 dining covers
- Well-equipped commercial kitchen
- Payment plan available for fixtures and fittings
A fixture of the Cambridgeshire village of Swaffham Bulbeck for over 350 years, the Black Horse enjoys a highly visible location on the edge of the beautiful village green. Friendly and welcoming in ambience, the pub offers extensive car parking and comes complete with a well-specced commercial kitchen in situ, meaning the infrastructure needed to create a destination dining venue is already in place. En-suite accommodation in a converted stable block provides an additional revenue stream for the savvy operator.
Situated just ten minutes from both Cambridge and Newmarket, the demographic within reach of the pub offers huge potential for developing its trade and establishing it as one of the premier drinking and dining options in the area.
The ideal applicant should be committed to providing excellent hospitality to new customers, able to engage with the local community and drive sales via a range of activities. Experience of retail catering and providing consistently great hospitality will be essential to making a success of the Black Horse. A thorough approach to marketing is important to ensure that the retail offer is well promoted in the local 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.||£24,392|
|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.||£8,750|
|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)||£3,442|
|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.||£22,500|
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)||£2,753|
|Accountancy Services fees for a nominated accountant||£2,600|
|Stocktaking Services We recommend all licensees should have six professional stocktakes per annum||£1,560|
|Rent In the region of (payable monthly in advance)||£35,000|
Could this be the pub for you?
Please ring 01234 244453 to speak with our recruitment team