Gallery View
Key Highlights
- First year rent £7,500
- Charming traditional pub in the heart of the village of Over
- Warm cosy and inviting interior
- A loyal regular local customer base who appreciate real ale
- Clear potential for a substantial and sustainable pub food offer
- Located 3 miles from the A14 and 15 minutes from the centre of Cambridge
- 4-bed private accommodation
Pub Overview
Situated in a prominent position on the High Street in the heart of Over, the pub has great positioning to attract customers from the immediate locality, together with those from further afield. The pub is a traditional community local that provides traditional pub games, with a mixed age group frequenting the one bar operation. There is scope to expand the business through provision of food and to capture more custom from the surrounding business community.
Suitable Applicants
Suitable applicants must have the flair and drive to develop the right offer for the demographics in the local area. Applicants must be committed to providing a fully focussed customer experience and great hospitality. They need to be willing to be involved with the local community. Strong commercial and financial skills are desired to operate this business. Experience working in a village pub with a strong understanding of real ales, wine and a simple food operation would be highly beneficial.
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 |
£14,700 |
|
Security Deposit Payable in advance to Wells to cover charges incurred by your business (If your business is to operate as a limited company a bond of £10,000 is required, together with a personal guarantee for all directors) |
£6,000 |
|
Training Course Fees Per person (payable to Wells & Co. Ltd) 5 day induction course mandatory for all licensees – NB £800 for two people |
£0 |
|
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 |
|
Working Capital Minimum working capital required |
£5,000 |
|
Stock & Glassware In the region of to cover the value of opening stock |
£2,500 |
|
Valuers Fee In the region of (paid to valuer) for valuing fixtures and fittings. |
£800 |
|
Advanced Rent In the region of (usually 1 month) - negotiable |
£0 |
|
Fixtures & Fittings Estimated valuation to purchase e.g. carpets, curtains, tables and chairs, kitchen equipment (£ est) |
£12,000 |
ANTICIPATED RETAINED INCOME
|
Drink Sales |
82% |
|
Food Sales |
18% |
|
Accommodation |
0% |
|
FMT = Fair Maintainable Trade |
Ongoing Costs
|
Service Charge Payable monthly, to include: Cellar cooling service, Buildings insurance, Fire Compliance, Boiler maintenance (tenancies only). NICEIC Electrical Test (tenancies only) |
£2,644 p/a |
|
Accountancy Services Fees for a nominated accountant (in the region of) |
£3,025 p/a |
|
Stocktaking Services Six professional stocktakes per annum recommended |
£1,200 p/a |
|
Rent In the region of (payable monthly in advance) |
£16,500 p/a |
Pub Details
Is this the pub for you?
Please ring 01234 244453 to speak with our recruitment team
