25 Brookfields, Mill Road, Cambridge, Cambridgeshire, CB1 3NW
The Brook is a prime site in an area which is densely populated by a wide variety of local residents and students, with Cambridge centre nearby it represents a fabulous opportunity.
The Brook is in excellent condition having had a quality refurbishment inside and out last year. The pub benefits from having a central bar which makes it easily accessible with plenty of room. It boasts a substantial garden with large under cover area which is a perfect spot for summer time socialising. Sport is currently a major driver of sales here, but there is a major opportunity to expand the food and events side of the business and attract a wider customer base. The applicant will understand the importance of excellent customer service with a desire to grow a business, and be a player in the community.
**Please note we will accept someone with a minimum investment of £20,000.
A single trading area, split into two zones (bar and lounge), served by a central servery. There is an attractive garden and patio area at the rear.
|Car park spaces||8|
The private accommodation has six private rooms inclusive of two double bedrooms, a lounge, kitchen and a bathroom. In good condition throughout.
|Annual rent||£34,000 per annum plus 5.5% Turnover Royalty|
£34,000 per annum, £653.85 per week fixed and subject to annual RPI increase, which is capped. Paid weekly by direct debit.
Entry costs approx £42,800 which includes fixtures and fittings, stock, glassware, crockery, cutlery, fuel and cleaning materials, legal, brokers and stocktaking fees, training fees, Schedule of Conditions, working capital and deposit (25% of head rent, minimum £6,000). **Please note we will accept someone with a minimum investment of £20,000.
|Fixtures & fittings||£27,000||Working capital||£4,000|
|Other costs||£4,150||Total entry cost||£42,800|
Our Turnover Agreement reflects how your business performs. You pay a fixed rent plus a percentage of your weekly net turnover sales.
• A 5 year, fixed term agreement, contracted out of the Landlord and Tenant Act 1954.
• Basic rent plus a Turnover Royalty percentage.
• Basic rent subject to capped annual changes in the Retail Price Index (RPI) only with no rent reviews.
• Flexible tie variations available.
• Discounted price list unique to the Turnover Agreement.
• Greene King is responsible for the structure of the building.
• Ability to end agreement with 6 months’ notice and payment of a Standard Notice Fee (3 months’ basic rent). Notice can be served
at any time.
You will need to estimate the turnover you expect to achieve from the pub, with regard to food and accommodation (if applicable). Barrelage figures are given to assist you with calculations.
Calculators to help you are available on the business planning section of our website.
|Year||Beer (Brls)||Wine & spirits (Ltrs)||Minerals (Ltrs)|
The Brook enjoys both regular and passing trade with the benefit of only being 1.5 miles from Cambridge city centre. The immediate area is populated by a wide variety of local residents and students.