Clarendon Arms

35-37 Clarendon Street, Cambridge, Cambridgeshire, CB1 1JX

CAMBRIDGE CITY CENTRE

The Clarendon Arms in Cambridge is a city centre pub/restaurant currently operator at a 50/50 sales split. The pub offers a good quality food menu, specialising in hand cut chips and amazing Sunday Roasts. The pub is a hidden gem of Cambridge located between the parks of Parkers Piece and Christs Pieces, being just a short walk to the Grafton Centre as well as Cambridge City centre itself. The area is surrounded by housing, offices and retail. We would expect the new operator to carry on with the good food reputation with particular note to the Sunday Roasts but also look at new opportunities to build trade across other days.

Location

Cambridge is a university city and the county town in Cambridgeshire. It is located on the River Cam approximately 55 miles north of London. The city is most famous as the home of the University of Cambridge, which was founded in 1209 and consistently ranks among the best universities in the world. The Clarendon Arms is located a short walk from the City centre and Grafton Shopping centre, in a residential area.

Business Information

Annual rent

£31,000

Weekly rent

£596

Entry costs

£20,375

Turnover royalty

n/a

Forecasted Operator Turnover

£420,136

Forecasted Operator Profit (inc machine profit)

£30,846

Forecasted Operator Machine Profit

£0

Average Beer & Cider Discount*

£36

Type of Tie

Partial tie: Tied All Beer & All Cider

Agreement

Standard Tenancy Agreement. A fixed 5 year term

Entry cost is approximately £20,375 which includes Fixtures & Fittings at 25% of estimated valuation, stock, glassware, cutlery, crockery, fuel and cleaning materials, legal, brokers and stocktaking fees, training fees, schedule of condition, working capital and deposit. Please note Fixtures and Fittings are estimated at approximately £15,000. 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

£7,750

Fixtures & Fittings

£3,750

Legal Admin Fee

£825

Broker Fee

£750

Stocktaking Fee

£150

Working Capital

£6,000

Other Costs

£1,150

Total Entry Costs

£20,375

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. All figures represent products bought from Greene King only. **Please note trading volumes for year 2021 are for part year trading and reflect the impact of closure during the Covid 19 pandemic**

Year Beer (Brls) Wine & Spirits (Ltrs) Minerals (Ltrs)
2023 110 533 2,246
2022 103 684 2,246
2021 81 632 1,891

As you walk in there is a traditional bar in front of you with a wide variety of Keg/Cask as well as good wines and spirits to choose from. To the right hand side there is a seating area for diners/drinkers and to the left some more perched seating. You set down into yet more seating and out to the enclosed courtyard at the rear.

Trade Bars

1

Trade Dining Areas

1

Trade Kitchens

1

Trade Food Covers

30

Trade Gardens

0

Trade Patio Areas

1

Trade Rooms to Let

0

Meeting Rooms

0

External Child Play Areas

0

Function Rooms

0

Customer Car Park Spaces

0

Current Premises Licence Opening Hours

Sun-Thu: 09:00-00:00
Fri-Sat: 09:00-00:30

The accommodation comprises 2 bedrooms, kitchen, lounge, bathroom and toilet.

Private Rooms

6

Lounge

1

Dining Rooms

0

Double Bedrooms

2

Single Bedrooms

0

Bathrooms

1

Toilets

1

Private Kitchens

1

Offices

0

Bedsits

0

BDM Portrait

I am looking for someone who will be able to build on the fabulous food and ales that are served here and at the same time put their own mark on what is a lovely pub in a great location. This is a lovely city centre pub which would suit a chef/patron or even a single person or couple who either have experience or a looking to run their first pub.

Andy Swift, Business Development Manager

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