Hop Bind

212 High Street, Cottenham, Cambridge, Cambridgeshire, CB24 8RZ

A QUALITY COMMUNITY LOCAL

The Hop Bind in Cottenham is a well established business, with a great reputation. The site currently trades 100% wet led and is a must visit destination for the villagers of Cottenham to socialise and spend time together. It attracts all ages and walks of life, with older customers during the day, sports fan throughout the week watching live sport and a younger weekend crowd. The pub is dedicated to local activities and teams and have pool and darts teams operating out of the pub. The site itself is well presented and in good order, with a quality heated enclosed courtyard to the rear.

Location

Cottenham is 6 miles north of Cambridge city centre and within easy commuting distance. It has great road links to the A14, M11 & A1. The pub is at the heart of this busy village with numerous local businesses and shops. There are 2 schools in the village and 2 GP surgeries along with a supermarket, restaurants and takeaways nearby.

Business Information

Annual rent

£28,000

Weekly rent

£538

Entry costs

£34,875

Turnover royalty

n/a

Forecasted Operator Turnover

£441,573

Forecasted Operator Profit (inc machine profit)

£47,834

Forecasted Operator Machine Profit

£20,000

Average Beer & Cider Discount*

£72

Type of Tie

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

Agreement

Standard Tenancy A fixed 5 year term The annual rent shown (£28,000 per annum) takes into consideration a machines supply concession. The annual rent will be £48,000.00 if you prefer not to have Greene King supply machines to you.

Entry costs approximately £34,875.00, 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 £15,000 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

£7,000

Fixtures & Fittings

£15,000

Legal Admin Fee

£825

Broker Fee

£750

Stocktaking Fee

£150

Working Capital

£10,000

Other Costs

£1,150

Total Entry Costs

£34,875

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 2020 are for part year trading and reflect the impact of closure during the Covid 19 pandemic**

Year Beer (Brls) Wine & Spirits (Ltrs) Minerals (Ltrs)
2020 161 858 2,387
2019 348 2,180 5,186
2018 221 1,315 3,260

The trade space has a long, single bar servery with a snug area to the front elevation that has a log burner, through to standing space at the rear with a pool table and darts board. Internally there are 40 seats plus there is also a side enclosed, heated courtyard that has the capacity for a further 40 seats. The trade kitchen is not currently in use.

Trade Bars

1

Trade Dining Areas

0

Trade Kitchens

1

Trade Food Covers

0

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

Mon-Thu: 11:00-01:00
Fri-Sat: 11:00-02:00
Sun: 11:00-00:30

The accommodation comprises 4 bedrooms, kitchen, lounge, toilet, bathroom and office.

Private Rooms

9

Lounge

1

Dining Rooms

0

Double Bedrooms

4

Single Bedrooms

0

Bathrooms

1

Toilets

1

Private Kitchens

1

Offices

1

Bedsits

0

BDM Portrait

I am searching for an experienced operator to maintain and build upon this already successful business. The outgoing operators have put in tremendous amounts of work to make this a true community local and as a result there are solid foundations to build upon. If you feel like this is a great opportunity for you, then please contact our recruitment team for further information.

Lee Jarvis, Business Development Manager

Apply for this property

The Pub Partners team at Greene King is here to help you make the right decisions about starting your own pub business.