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Under Offer. Zero Premium, Country Gastro Pub For Sale

St Neots, Cambridgeshire, UK
Asking Price:
On request Furniture / Fixtures included
Turnover:
£200K - £500K
Net Profit:
On request

120 covers, spacious restaurant, 2 bars, 2 IngleNooks, 400 year old. Grade 2 listed. Centre of village, most photographed building. Unusually large car park and gardens. Free of tie all repairing lease hold. History of significant profitability. Recently upgraded cellar. New commercial kitchen in construction. Currently leaseholder now c. 80 needs to retire.
Includes Two Bedroom Apartment with living room, box room, bathroom and kitchen.

Nestled in the picturesque countryside of Cambridgeshire, this historic village pub dates back to 1626 and is proudly Grade II listed. With a capacity to accommodate 120 covers, the venue boasts two inviting bars and two charming inglenook fireplaces that add warmth and character. Located under a mile from the serene River Ouse, this pub is perfectly positioned to attract both locals and visitors.

The pub features a substantial 80% of its structure having been constructed during the 1950s and 2000s, ensuring both modern functionality and historic charm. It offers an exceptionally large car park and beautifully maintained gardens, providing ample space for guests to relax and enjoy the surroundings.

In addition to dining facilities, the property includes a two-bedroom apartment complete with a box room, living room, bathroom, and kitchen, offering comfortable accommodation for staff or owners. Recent upgrades to the bar cellar and an ongoing project to create a new commercial kitchen align with the establishment's commitment to providing excellent service and quality, enhancing its appeal as a destination venue.

This versatile venue is not only a local favourite for dining but also a popular choice for weddings, events, parties, and business meetings. Its spacious outdoor seating area, equipped with picnic tables, makes it an ideal spot for gatherings, while a family-friendly environment complemented by a playground adds to its charm. The lush greenery and attractive landscaping create a pleasant atmosphere, ideal for a relaxing outing.

A Four Centuries-Old Establishment

With over 100 years of business history and 19 years under current ownership, the pub has become a cornerstone of the rural community. Its location in the heart of the village ensures easy access to nearby amenities. Competitive dynamics are unique, given the rural setting, with the nearest similar establishment located approximately seven miles away.

Comprehensive Offerings

The sale includes a wide array of fixtures and fittings, valued at c. £35,000, providing a significant advantage to prospective buyers. The business has seen a positive trend in turnover, currently standing at c. £320,000, limited by the old kitchen, with potential to double that fairly easily as demonstrated pre Covid. The passing rent is £923 p.w. This Free of Tie leasehold opportunity presents a lucrative investment for anyone looking to step into a thriving gastro pub.

Future Potential and Support

The current owner is motivated to transfer the business as at late retirement age but is willing to offer coaching opportunities to ensure a smooth transition for new proprietors. Additionally, the business maintains an active online presence, facilitating engagement with customers and enhancing visibility in a competitive market.

Property Information

Property:

Leasehold

Leasehold Type:
Existing
Lease Terms:

C. 10 years left to run. Renewable by option.

Leasehold Rent:

£48,000 per annum

Living Accommodation:

Two bedroom apartment with box room, living room, bathroom, kitchen.

Location:

Rural Village location. 5 miles from railway station. 3 miles from A1. 49 miles from London.

Premises Details:

Grade 2 listed 400 year old (build in 1626) is the front facade. Remainder of building constructed in1930s and early 2000s The older part of the building is c. 20% remaining 80% modern construction.

Energy Performance Rating:
D

Business Operation

Management type:
This business is owner operated.
Expansion Potential:

Lapsed planning permission shows potential in food service expansion.
A larger new kitchen is under construction. (Pre-paid)

Competition / Market:

Nearest equivalent c. 5-7 miles away.

Reasons for selling:

Retirement

Trading hours:

Midday to 10:30pm daily.

Employees:
8
Years established:
Over 100

Other Information

Owner financing:
Owner financing is available. Please contact the seller for more information.
Furniture / Fixtures value:
£20,000 - included in the asking price
Inventory / Stock value:
£3,400