Licensee - Peterborough
Cock Inn - Peterborough
Ingoing Costs: £15,961
Annual Rent: £52,000
Annual Turnover: £661,558
The subject of a proposed refurbishment, The Cock Inn is situated in Werrington, a residential area four miles from the town centre of Peterborough with a population of roughly 15,000 people. The site is prominent position in the town within easy walking distance of the village shopping centre and also opposite retail outlets. The site is also ideally situated close to the A15 and therefore enjoys high levels of passing traffic.
The population of Werrington is mainly comprised of blue collar upward mobile families and these form the base of the customer base of the town. The Cock in is big on sports and is a well-known live music venue in the local community.
Currently trading as a local community pub with some food (69 covers), the proposed project will transform the pub to having a key focus on delivering an excellent food offer by increasing the covers to 88+. There will also be a view to premiumise drinking experience.
The successful candidate will be able to demonstrate business acumen, a strong marketing strategy and the experience running a successful food operation.
Applicants should be aware that all refurbishments are subject to final board approval which will be determined as part of the leasing process.
The pub benefits from good residential accommodation on the first floor consisting of three bedrooms, lounge, kitchen and bathroom, and where required there will be appropriate works carried out in line with the Star Pubs & Bars Ready to Trade Promise.
Please be aware that all trading documents inclusive of the full Rent Model, Schedule of Conditions, Schedule of Works, Energy Performance Certificates etc are available directly from the Star Pubs & Bars website.
In order to ensure a successful start-up, all applicants must have a minimum £10,000 un-borrowed funds.
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