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Gastro-pub Free-house In Rural West Cambs For Sale

St Neots, Cambridgeshire, UK
Asking Price:
£10,000 Furniture / Fixtures included
Turnover:
£200K - £500K
Net Profit:
Under £50K

Own your own Gastro-Pub business without buying a pub!

A unique opportunity in rural SW Cambridgeshire.
This 100 + cover restaurant pub with two bars, a very large carpark, and a garden could be yours, complete with two-bedroom accommodation for you or as guest rooms. This genuine ‘Free-house’ has a ‘no premium’ 12 year lease. A commercial kitchen, restaurant, and two bars offer a fast start-up.
With a history of seriously great food and service, this venue is also ideal for weddings, parties, family gatherings, company meetings, etc.
The discerning food clientele in this rural catchment area has more than tripled in the last 3–4 years.

The acquisition cost for this business is intended to be limited to the normal legal costs.

The new business owner will need working capital and an advance rent payment. No 'consideration' (price) for the business is required.

Property Information

Property:

Leasehold

Leasehold Type:
Existing
Lease Terms:

A 35 year lease with around 12 still to run. Renewable.

Leasehold Rent:

£48,500 per annum

Living Accommodation:

The first floor home includes two bedrooms with a large living room, a box room, kitchen and bathroom. The rooms have permission for use as letting rooms and meet the Fire Safety requirements.

Location:

In a High Street rural village location three miles from town, four towns within five miles. Nearby river sports, fishing, holiday locations, barges, etc. Above average high net worth residents. The village has a top performing primary school.

Premises Details:

Original part of building dates back to 1600's. Significantly extended over the years. Can seat over 100 covers in three areas. Two side by side bars. Very large car park and garden.
Commercial kitchen and built in chill room.

Planning Consent:

There is a history of approved, used, and unused planning permissions.

Energy Performance Rating:
B  View EPC Graph for this property

Business Operation

Expansion Potential:

The site could support a number of accommodation options from room extension block to holiday chalets. However, much revenue expansion is available from recent market expansion by extensive home building locally, and in nearby towns and villages, some thousands of homes have not yet been capitalized on by marketing.

Competition / Market:

No local competition. Only Pub-restaurant in the village. Nearest Pub three miles away.

Reasons for selling:

Leaseholder now aged 77! Time to retire!

Trading hours:

Tuesday to Sunday, midday until 9 or 10pm

Employees:
0
Years established:
Over 150 years.

Other Information

Support & training:

Business management advice available from previous owner.

Furniture / Fixtures value:
£5,000 - included in the asking price
Inventory / Stock value:
£1,000