Tenancy - King William IV, Fenstanton

PE28 9JF, Huntingdon
Business Opportunity
02 Sep 2017
02 Oct 2017

Tenancy - King William IV

A fantastic opportunity to run an established business in a picturesque
Cambridgeshire village, with a local reputation for good food and well kept cask ales. *Reduced rent of £20,000 for first 6 months avaliable plus significant off invoice discount on draught products!*
The pub has a very traditional feel and is a typical village pub of yesteryear, updated in all the right ways! All the trading areas have a comfortable and cosy feel and the whole pub is heated by 3 log-burning stoves in the winter months. The small public bar area with TV and darts, runs
through into a comfortable dining area and restaurant. In the summer, guests can eat and drink on either of the 2 patio areas or on tables at the front of the pub and watch the world go by.

Entry cost from:£16,650.00
Annual rent:£30,000.00 per annum
AgreementTenancy – Standard Tenancy
Type of Tie:Full tie: Access to Discounted Wines, Spirits & Minerals Price List

Fenstanton is a small, picturesque village, just off the A14, close to the historic town of St Ives and only 15 miles from the centre of Cambridge.

Monday - Thursday 10.00 -01.30 Friday & Saturday 10.00- 02.30 Sunday 11.00 - 00.00

The pub has a single bar servery and consists of a cosy, traditional bar
area, which leads through to a 60 seater restaurant, which is split into
2 distinct areas. There are 2 patio areas outside and tables at the front
of the pub on the roadside.

Bars 1
Car park spaces 10
Dining rooms 2
Food covers 60
Trade kitchens 1
Patio areas 2

The accommodation is spacious (small kitchen) and in very good order.

Private Rooms 7
Lounge 1
Double bedrooms 2
Private Kitchen 1
Bathrooms 1
Office 1

Entry cost is approx. £16,650, which includes, stock, glassware,
crockery, cutlery, fuel, cleaning materials, legal fees, brokers,
stocktaking fees, a schedule of condition, training fees, working capital
and a deposit (25% of head rent and a min of £6k). Fixtures and fittings
are yet to be valued.

Annual rent £30,000.00 per annum
Weekly rent £576.92 per week fixed
Notes £30,000 per annum, £576.92 per week fixed and
subject to annual RPI increase, which is capped.
Paid weekly by direct debit.
Machine income free of tie.
Brokers £675.00 Legal £825.00
Deposit £6,000.00 Stocktaking fees £150.00
Fixtures & fittings TBC Working capital £5,000.00
Other costs £4,000.00 Total entry cost £16,650.00

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.
Calculators to help you are available on the business planning section
of our website.

By choosing Greene King, you’ll be joining one of the Uk’s most successful and respected leased and tenanted pub companies. With a heritage of
running pubs and brewing beer that can be traced back over 200 years, at Greene King we’re proud of our history and confident that, as the
country’s leading pub retailer and brewer, we can help make your pub the success it deserves to be.

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