White Horse

118 High Street, Barton, Cambridge, Cambridgeshire, CB23 7BG

An established business, with investment planned. We require a new operator to take the White Horse Inn to the next level

We are investing in building three new en suite letting rooms in a new build block in the car park, taking the total letting rooms to five. The pub is situated in the prosperous village of Barton on the outskirts of Cambridge. The site benefits from a prominent road side position on the busy Cambridge to Bedford road and is easily visible from the road in both directions. The pub is popular with local business people and residents and also with walkers. Local attractions include Wimpole Hall and Farm Centre and Cambridge Science and Business Parks which ensures the letting rooms to the side of the pub are in demand throughout the year.

Location

Business Information

Annual rent

£43,000

Weekly rent

£827

Entry costs

£50,475

Turnover royalty

%0

Forecasted Operator Turnover

£583,588

Forecasted Operator Profit (inc machine profit)

£75,830

Forecasted Operator Machine Profit

£0

Average Beer & Cider Discount*

Type of Tie

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

Agreement

Standard Tenancy Agreement A fixed 5 year term agreement which is contracted out of the Landlord and Tenant Act 1954 •Rent set at the start of the agreement, subject to the annual Retail Prices Index (RPI) which is capped •Flexible pricing options available •Greene King is responsible for the structure of the building •Ability to end agreement with 6 months notice at any time with standard notice fee equal to 3 months rent

Entry costs approximately £50,475.00, 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 £30,000 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

£10,750

Fixtures & Fittings

£30,000

Legal Admin Fee

£825

Broker Fee

£750

Stocktaking Fee

£150

Working Capital

£4,000

Other Costs

£4,000

Total Entry Costs

£50,475

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)
2018/19 48 745 2,214
2017/18 54 835 2,552
2016/17 83 1,674 6,152

There are two distinct trading areas, a snug bar area and a restaurant with a conservatory, each with its own server. There are also two double en-suite letting rooms to the side, a patio at the front of the pub, a large grassed garden area and a large car park.

Trade Bars

Yes

Trade Dining Areas

Yes

Trade Kitchens

Yes

Trade Food Covers

70

Trade Gardens

Yes

Trade Patio Areas

Yes

Trade Rooms to Let

2

Meeting Rooms

No

External Child Play Areas

No

Function Rooms

No

Customer Car Park Spaces

20

Current Premises License Opening Hours

Mon - Sat: 08:00 - 00:00
Sun: 12:00 - 00:00

All in good condition. There are three double bedrooms (1 en suite), a bathroom with toilet and a large living room.

Private Rooms

7

Lounge

Yes

Dining Rooms

0

Double Bedrooms

3

Single Bedrooms

0

Bathrooms

1

Toilets

1

Private Kitchens

0

Offices

1

Bedsits

0

BDM Portrait

We are investing in the White Horse Inn and looking for a quality operator to take full advantage of the new en suite letting rooms. This quality establishment, is in excellent condition and benefits from regular use from local residents and business people, as well as walkers. I am very excited to find a operator for this site and we look forward to hearing from you if you have the necessary skills to build on the existing business.

Chris Cocker, Business Development Manager

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