Acre

9 Acre Road, March, Cambridgeshire, PE15 9JD

A LOVELY COMMUNITY PUB

The Acre is an excellent, established business available due to retirement. The pub attracts a wide range of customers but predominantly mixed groups looking to eat and drink and enjoy the atmosphere and surroundings the Acre provides. The site is well supported by the local community. It is a popular destination for food and for the excellent patio and garden space being located next to the river Nene, just behind the main High Street in the Cambridgeshire town of March. The Acre is wet led with a regular drinking crowd benefiting from the town centre location with the rare opportunity of excellent outside facilities being so close to the town centre. The drink and food sales split are 70 / 30 with a good home-cooked pub classic menu on offer to compliment the excellent quality ales. The Acre is well known in the local area for delivering a fantastic friendly offer with great beer and home-cooked food based upon pub classics. The Acre guarantees a warm welcome, great food and a wide selection of ales gyms and wines. A truly local pub in the centre of town.

Location

Business Information

Annual rent

£32,000

Weekly rent

£615

Entry costs

£33,875

Turnover royalty

n/a

Forecasted Operator Turnover

£335,281

Forecasted Operator Profit (inc machine profit)

£31,125

Forecasted Operator Machine Profit

£0

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Average Beer & Cider Discount*

£108

Type of Tie

Full tie: Access to Discounted Wines, Spirits & Minerals Price List

Agreement

Standard Tenancy Agreement A fixed 5 year term agreement

Entry costs approximately £33,875.00, which includes stock, glassware, crockery, cutlery, fuel and cleaning materials, legal, brokers and stocktaking fees, training fees, schedule of condition, working capital and deposit which is 25% of head rent. Fixtures and Fittings are valued at approximately £20,000 and the final valuation will be confirmed on change day. An assisted purchase of F&F may be available with a 25% deposit on change day and weekly re payments to purchase the remaining 75% over an agreed period

Deposit

£6,000

Fixtures & Fittings

£20,000

Legal Admin Fee

£825

Broker Fee

£750

Stocktaking Fee

£150

Working Capital

£5,000

Other Costs

£1,150

Total Entry Costs

£33,875

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.

Year Beer (Brls) Wine & Spirits (Ltrs) Minerals (Ltrs)
2019/20 102 2,468 4,617
2018/19 133 2,637 4,877
2017/18 143 2,442 4,440

The pub is presented in excellent condition with an open plan layout, single bar servery, with sixty internal covers and twenty external covers.

Trade Bars

Yes

Trade Dining Areas

Yes

Trade Kitchens

Yes

Trade Food Covers

80

Trade Gardens

Yes

Trade Patio Areas

Yes

Trade Rooms to Let

0

Meeting Rooms

No

External Child Play Areas

No

Function Rooms

No

Customer Car Park Spaces

0

Current Premises License Opening Hours

Mon-Sun: 09:00 - 01:00

The living accommodation is in good condition and comprises of two bedrooms, one lounge, one bathroom and one kitchen with a separate entrance.

Private Rooms

7

Lounge

Yes

Dining Rooms

0

Double Bedrooms

2

Single Bedrooms

0

Bathrooms

1

Toilets

1

Private Kitchens

1

Offices

1

Bedsits

0

BDM Portrait

I am seeking a new operator to continue upon the good work of the current tenant, who is retiring after more than five successful years at the Acre. The business is very well run and set up, so this could suit a first time licensee or an established operator. Any new operator will need to be able to engage with the local community and maintain the excellent standards currently in place. If you feel this is the right opportunity for you, then please contact the recruitment team for further information.

Christopher Cocker, Business Development Manager

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