The Oliver Cromwell, St Ives
Near Huntingdon

The Oliver Cromwell, St Ives

  • The Oliver Cromwell, St Ives gallery image
  • The Oliver Cromwell, St Ives gallery image
  • The Oliver Cromwell, St Ives gallery image
  • The Oliver Cromwell, St Ives gallery image
  • The Oliver Cromwell, St Ives gallery image
  • The Oliver Cromwell, St Ives gallery image
  • The Oliver Cromwell, St Ives gallery image
  • The Oliver Cromwell, St Ives gallery image
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Key Highlights

  • Century Grade II listed character-laden property, refurbished in November 2021 to a high standard
  • A popular, modern quirky 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

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
£33,113
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)
£3,708
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
Please note that these are estimated figures, given as a guide only. Goods and services may be subject to VAT.

Pub Details

The Oliver Cromwell, St Ives
Wellington Street, St Ives, Cambridgeshire, PE27 5AZ
Destination community wet
Total Investment 30k - 40k
Potential Partner Profit £40,000
Enquire About This Pub

Could this be the pub for you?

Please ring 01234 244453 to speak with our recruitment team