Corner House
231 Newmarket Road, Cambridge, Cambridgeshire, CB5 8JE
AN EXCITING OPPORTUNITY IN CAMBRIDGE
The Corner House is located on the edge of the city centre benefiting from a busy main road location. We are looking for a new partner who can deliver a strong and consistent offer with reasons to visit across the week as the week trade will differ to the weekend. With Hotels, students and housing on the doorstep, customers will be varied. The retail park is also a big driver for footfall in the area and with good external advertising can be tapped into. There is an opportunity to hold various forms of entertainment in the pub and the car park can be converted to full external use as a beer garden.
Bar
Dining areas
Kitchen
Patio
Location
Cambridge is a city on the River Cam, home to the prestigious University of Cambridge, dating to 1209. The Corner House is an edge of city centre pub which is located on a busy road close to 2 large hotels, student accommodation and a significant retail park, as well as residential housing.
Business Information
Annual rent
£42,000
Weekly rent
£808
Entry costs
£28,875
Turnover royalty
n/a
Forecasted Operator Turnover
£437,643
Forecasted Operator Profit (inc machine profit)
£41,576
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 £28,875 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 £22,000. 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
£10,500
Fixtures & Fittings
£5,500
Legal Admin Fee
£825
Broker Fee
£750
Stocktaking Fee
£150
Working Capital
£10,000
Other Costs
£1,150
Total Entry Costs
£28,875
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. 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 | 146 | 11 | 1,596 |
| 2022 | 137 | 11 | 1,490 |
| 2021 | 134 | 9 | 331 |
As you walk in from the road you have one bar to your left (snug) then the main bar to your right which then feeds through to an extension housing the more formal dining area. From here you can exit out to the car park/beer garden.
Trade Bars
1
Trade Dining Areas
1
Trade Kitchens
1
Trade Food Covers
50
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
10
Current Premises Licence Opening Hours
Mon-Thu: 07:30-00:00
Fri: 07:30-02:00
Sat: 10:00-02:00
Sun: 10:00-00:00
The accommodation comprises 4 bedrooms, kitchen, lounge and bathroom.
Private Rooms
7
Lounge
1
Dining Rooms
0
Double Bedrooms
3
Single Bedrooms
1
Bathrooms
1
Toilets
0
Private Kitchens
1
Offices
0
Bedsits
0
This pub would suit an experienced operator who has a real focus and understanding of their offer which could build great trade across many channels of opportunity. You'll need to put your own identity on the pub with a good food and drink offer, whether this be an international or traditional offer along with great customer service.
Andy Swift, Business Development Manager
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