The Ship

Property Description

With historical good levels of trade established by previous operators, and a planned transformational investment by Wells & Co, The Ship presents an enticing opportunity to take on a popular community-focused local pub. Located in Kings Hedges & Arbury areas of Cambridge, within easy walking distance of the area's sizeable population, The Ship occupies a prominent location and has a good roadside presence. The pub is a traditional community pub, with Pool, Darts, Bingo & entertainment amongst the activities, with there is an opportunity to create for a simple, traditional & value for money food offer. that will attract in customers during the day, as well as during events and activities.

The Ship is located on Northfield Avenue between in the Kings Hedges & Arbury areas of Cambridge, on the North Eastern side of the city, with easy access from the A14 or a short drive into Cambridge. The Pub is surrounded by residential houses, who are potential customers for this business. 

Trading Style

• Transformation Investment Planned
• Prominent location on the east side of Cambridge with large garden
• Opportunity to be involved in the development a fantastic community pub
• Good sized catering kitchen, with plenty of storage capacity
• Profit before draws based on Fair Maintainable Turnover over £50,000

Property

The Ship is a detached property. The planned investment will make a large open plan trading area, with areas allowing for relaxed drinking and eating and for traditional games including Pool, darts and space for fruit machines. There is a reasonably sized catering kitchen and storage areas, allowing the introduction of a simple food offer.

The investment will included a complete overhaul of the outside garden to make it an attractive place for all the family during the better weather in the enclosed garden & to the side. The pub has been popular amongst the local residents & should be developed as a local hub for the area. The domestic accommodation comprises large lounge, good sized kitchen, bathroom and 2/3 bedrooms.

Business Potential

The Ship with the investment has a massive opportunity to develop traditional activities, live sport & entertainment and traditional games. There is the potential to develop this further and introduce a wider range of draught products including cask ales plus the opportunity to introduce a value for money family friendly food offer. The FMT suggests the site is capable of achieving turnover of over £520,000 with a wet/food split of 93/7, a potential net profit for the partner of over £50,000, with additional profit share income from the fruit machines & pool table estimated at over £9,000.

Suitable Applicants

The Ship would suit strong entrepreneurial operators committed to engaging with their local community & to provide a community hub for the area with a safe and enjoyable atmosphere. The operator must have a desire to develop the whole of the business including local activities as well as a traditional food offer and with the investment to build its already strong reputation for community activities.

Financial know-how is required to maximise the pub’s new profit potential, as is marketing experience, particularly social media, in order to promote The Ship's new transformational investment and events programme to the wider area.

Agreement Type

5-year fixed term Sales Share agreement