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Key Highlights
- A popular, modern, quirky Grade II listed character-laden pub which is the place to be.
- Premium pub just off town centre near to the picturesque quayside of the river Great Ouse
- Cosy courtyard patio garden with part sliding roof for shade or shelter from the rain
- 3-bed domestic accommodation
- Fair Maintainable Profit £49,000
- Financial support for 1st year including half price rent!
Pub Overview
Situated in a desirable location on the fringe of the town centre, a short distance from the picturesque quayside of the river Great Ouse, the Oliver Cromwell is a semi-detached 18th Century property brimming with both charm and potential. Renowned locally for quality, home-cooked food using the locally-sourced ingredients prepared in-house, the pub’s menu is complimented by a strong selection of cask ales, making it a hit with diners and drinkers alike.
It's popularity is not confined to affluent local residents; with strong transport links to the surrounding area, the pub is equally attractive to the wider population of St Ives and its surrounding villages. With plenty of scope to grow its food offer, the Oliver Cromwell’s already strong reputation in the area is only the beginning for this fantastic pub.
Suitable Applicants
This is an ideal opportunity for an experienced operator to take on a thriving town centre premises with the option of looking to increase the existing food trade, potentially hosting a greater volume of entertainment evenings, as well as benefitting from the annual local events that take place throughout St Ives.
Financial Overview
ANTICIPATED INVESTMENT REQUIRED
We estimate the Investment required for this pub would be as follows:
|
APPROXIMATE TOTAL Please note that these are estimated figures, given as a guide only, and do not include fixtures and fittings |
£29,405 |
|
Security Deposit Payable in advance to Wells to cover charges incurred by your business - trading as a Ltd Co |
£11,125 |
|
Administration Fee In the region of (payable to Wells & Co. Ltd in advance) to cover e.g. premises license changes, solicitors fees, and agreement |
£480 |
|
Working Capital Minimum working capital required |
£10,000 |
|
Stock & Glassware In the region of to cover the value of opening stock |
£7,000 |
|
Valuers Fee In the region of (paid to valuer) for valuing fixtures and fittings |
£800 |
|
Advanced Rent In the region of (usually 1 month) |
£0 |
|
Fixtures & Fittings Estimated valuation to purchase e.g. carpets, curtains, tables and chairs, kitchen equipment (£ est) |
£25,000 |
Ongoing Costs
|
Service Charge Payable monthly, to include: Cellar cooling service, Buildings insurance, Fire Compliance, Boiler maintenance (tenancies only). NICEIC Electrical Test (tenancies only) |
£68p/w |
|
Accountancy Services Fees for a nominated accountant |
£61p/w |
|
Stocktaking Services We recommend all licensees should have six professional stocktakes per annum |
£29p/w |
Pub Details
The Oliver Cromwell, St Ives
Could this be the pub for you?
Please ring 01234 244453 to speak with our recruitment team
