89 High Street, Girton, Cambridge, Cambridgeshire, CB3 0QD
Due to retirement, this is a fantastic opportunity to take over this successful food business, which has an excellent local reputation and draws customers from all over Cambridgeshire and beyond.
This attractive pub has 4 distinct trading areas, including a newly-built conservatory/function room, with over 120 covers in total. The décor is fresh and contemporary, with a traditional feel. There is a large, sunny patio at the rear and an attractive garden with seating and a pagoda. There is parking for 40 cars.
There are 4 trading areas, including a large conservatory/function room and a single bar. At the rear there is a large patio and garden with a pagoda.
|Car park spaces||40|
The accommodation is spacious and in good order.
|Annual rent||£58,200.00 per annum plus 6.00% Turnover Royalty|
£58,200 per annum, £1119.23 per week fixed and subject to annual RPI increase, which is capped. Turnover royalty percentage calculated and charged weekly as long side fixed rent. Paid weekly by direct debit subject to credit check. Machine income free of tie.
Entry costs approx £15,425 which includes 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). Fixtures and fittings to be valued.
|Fixtures & fittings||TBC||Working capital||£4,000.00|
|Other costs||£4,000.00||Total entry cost||£15,425.00|
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 pub occupies a prominent site in the village of Girton, which is a much sought-after area of Cambridgeshire. It is 2 miles from the city centre, just off a main arterial road into the city. The village is prosperous, with several small businesses nearby and a large amount of quality private housing. Cambridge's main crematorium is also close by.