The County Arms
Castle Street, Cambridge, Cambridgeshire, CB3 0AH
Profit Potential: £35,713 P/A
3 Year Standard Tenancy
- Prominent road side location
- Potential to introduce good quality food offer
- Function room to support drinks sales
The County Arms has been part of the Everards estate since 1992. This attractive traditional mock Tudor style building occupies a prominent roadside position, within walking distance of Cambridge town centre.
The Opportunity
The pub currently has a lunch time and evening food offer, but with potential to build on this, a great range of cask ales, premium draught products, wines and spirits.
The successful licensee for this pub would benefit from having a sound knowledge of catering and looking after cask ales as well as knowledge of how to market the pub to a wider cliental. They would also need to have a real passion for the industry and be a ‘mine’ host.
For more information or to register your details with our Recruitment Team call 0800 056 4111 or speak direct to the Business Development Manager for this pub, Steve Russell, on 07711436534
Financial Information
Profit Potential
We anticipate that a tenant could earn £35,713 net profit from this site per year.
Turnover
FMT stands for Fair Maintainable Trade - please click here for a full definition of this term,
Drinks
| FMT | £274,996 |
|---|---|
| Estimated Current (net) | £143,129 |
Food
| FMT | £86,667 |
|---|---|
| Estimated Current (net) | £47,708 |
Machines
| FMT | £3,255 |
|---|---|
| Estimated Current (net) | £3,255 |
Level of Investment
This is a one-off payment made at the start of the tenancy agreement.
All figures are estimates and exclude VAT.
| Fixtures & Fittings | £22,000 |
|---|---|
| Stock & Glassware | £5,000 |
| Working Capital | £5,000 |
| Trading Deposit | £4,387 |
| Valuer & Stocktaking | £1,200 |
| Total | £37,587 |
Rates
These can be checked with the local rating office. We encourage licensees to challenge rates and use a specialist to assist.
| Rateable value | £15,750 |
|---|
Rent
The rent has been calculated using the FMT turnover that we could anticipate from the site. All Everards rents are linked to RPI so may increase or decrease in future years.
| Rent required for this site | £25,269 |
|---|
Interested? Call us on 0800 056 4111 or enquire online »
Interested? Call us on 0800 056 4111 or enquire online »
Public & Private Areas
Features of The County Arms
- Bar
- Lounge
Other areas:
- Kitchen
LIVING SPACES
- 2 x Bedrooms
- Sitting Room
- Kitchenette
- Bathroom
- Office
- Small utility
Location
It’s easy to get around the city of Cambridge and there is always something new to see and do in the city. Historic and contemporary buildings to visit, world-renowned museums, fantastic theatre and live music.
Cambridge is a family-friendly place with a host of diverse and intriguing attractions to keep everyone happy.
*This information is generated from our assessment of Fair Maintainable Trade (FMT) at The County Arms and is based on certain assumptions and information provided by our licensees (to be disclosed on request). FMT is the level of turnover we would expect the pub to achieve within its market and this is assessed in line with good industry practice and relevant accountancy standards.
Wherever possible we have also included the pub’s current trading information as at 16th February 2012 in addition to FMT. This is taken from our sales information (barrelage) and information from the licensees such as their trading information and cost base.
We would expect you to use the FMT information to help form the financial element of your business plan. These figures above are an estimate based on FMT and you may think that you can exceed or conversely not achieve these. As this stage we would strongly recommend that you take independent financial advice to help you form a budgeted profit and loss statement.
This information is not intended to amount to advice, a statement of fact, a guarantee, a representation, a condition or a warranty on which reliance should be placed but is our opinion only. We therefore, to the extent permitted by law, disclaim all liability and responsibility arising from any reliance placed on such information by you or anyone informed of its contents.
You are advised to carry out your own financial investigations and inspections into the pub to satisfy yourself as to the correctness of the above information, whether or not you can achieve these figures and as to the trading potential of this pub. You will be given a shadow profit and loss account and other details of the pub when you make a formal enquiry – this will be given within our Code of Practice which also contains other details about Everards.
Historic information is not an indicator of future performance of a pub and you should bear this in mind in your assessment.
[This information does not constitute any part of an offer or a contract and any acquisition of a pub by you is subject to our terms and conditions of agreement