Gallery View
Key Highlights
- Financial support for first 2 years !!!!!
- Beautiful Traditional Thatched English Country Pub
- Seperate 10 bedroom hotel
- Great location 2 miles from Junction 24 of the A14 and 10 miles from Cambridge City Centre
- Ideal for an operator with a passion for great food and fanatstic all round hospitality
Pub Overview
The Golden Ball could be described as being the perfect country pub and if you visit this Cambridgeshire gem it’s hard to argue otherwise! It's clean yet rustic bar with high barn vaulted ceiling makes it a very unique building,
Thoughtful drinks selection and highly regarded food menu, combined with 10 well-appointed ensuite rooms, all contribute to its well-earned reputation. The pub has everything it needs to maintain and develop the bustling trade under the right operator.
Corporate and bespoke events especially with the seperate hotel and a beautiful space to create a really special occasion are a real opportunity here.
Suitable Applicants
Operators suitable for The Golden Ball will have proven experience in operating a quality food-led business with letting rooms. Maintaining the pub’s warm and friendly atmosphere will be key, as will a passion for first class customer service and a desire to maintain The Golden Ball’s enviable position at the heart of the local community. Sound marketing skills will be equally important in attracting visitors from further afield especially the corporate clientele.
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 |
£47,367 |
|
Security Deposit Payable in advance to Wells to cover charges incurred by your business (As a limited company a bond of 25% FMT rent is required, together with a personal guarantee for all directors) |
£17,000 |
|
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 |
|
Working Capital Minimum working capital required |
£17,000 |
|
Stock & Glassware In the region of to cover the value of opening stock |
£6,000 |
|
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 |
£5,667 |
|
Fixtures & Fittings Estimated valuation to purchase e.g. carpets, curtains, tables and chairs, kitchen equipment (£ est) |
£35,000 |
ANTICIPATED RETAINED INCOME
|
Drink Sales FMT |
24% |
|
Food Sales FMT |
59% |
|
Accommodation FMT |
17% |
|
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) |
£3,905 |
|
Accountancy Services Fees for a nominated accountant (in the region of) |
£4,254 |
|
Stocktaking Services Six professional stocktakes per annum recommended |
£1,356 |
|
Rent In the region of (payable monthly in advance) |
£68,000 |
Pub Details
Could this be the pub for you?
Please ring 01234 244453 to speak with our recruitment team
