Gallery View
Key Highlights
- Major Transformational Investment planned, creating a high quality premium pub in Kimbolton
- Prominent position in sought after Cambridgeshire village with 4-bed spacious domestic family accommodation
- Heritage Pub with separate restaurant providing opportunity to develop a quality food business
- Large enclosed patio, which will be developed into a Fantastic alfresco drinking and eating area
- Cosy and inviting lounge full of traditional charm
Pub Overview
Steeped in history and charm, The New Sun Inn has been a mainstay of the beautiful Cambridgeshire village of Kimbolton for around three centuries. Wells and Co is set to make a major investment to the eye-catching three-storey brick building under a slate tiled roof. The pub's exterior and Interior will be revamped to enhance the quality of this listed building as well as make the right business opportunity for our new Pub Partners. The Pub with it's enticing open fire, warm furnishings and comfy seating make it a magnet for local drinkers and diners. Whether enjoying a pint of expertly kept craft ale after an invigorating walk in the local countryside or treating yourself to a delicious pub meal in friendly surroundings, the pub has a strong reputation locally as a great destination of choice. The New Sun Inn’s fully equipped commercial kitchen, sizeable exterior patio and affluent regional demographic all signpost the potential for the business to expand significantly under the right operator.
Suitable Applicants
Applicants for The New Sun Inn should be committed to providing great hospitality and be able to engage with the local community to drive sales through a range of activities. Experience of retail catering will be a distinct advantage in order to maximise the growth potential of both the food and drink sales.
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. |
£32,033 |
|
Security Deposit Payable in advance to Wells to cover charges incurred by your business. If your business is to operate as a limited company a bond of £10,000 is required together with a personal guarantee for all directors. |
£11,875 |
|
Stock and Glassware In the region of (paid to the outgoing licensee on the day of changeover) to cover the value of opening stock. |
£4,500 |
|
Valuers Fees In the region of( paid to valuer) for valuing fixtures and fittings.Minimum working capital required |
£800 |
|
Training Course Fees Per person (payable to Wells & Co. Ltd) 5 day induction course mandatory for all licensees – NB £800 for two people |
£500 |
|
Administration Fee In the region of (payable to Wells & Co. Ltd in advance) to cover e.g. premises license changes, solicitors fees, and agreement |
£400 |
|
Advance Rent In the region of (usually 1 month) |
£3,958 |
|
Working Capital Minimum working capital required |
£10,000 |
|
Fixtures and Fittings Estimated valuation to purchase e.g. carpets, curtains, tables and chairs, kitchen equipment |
£60,000 |
ANTICIPATED RETAINED INCOME
|
Drink Sales |
|
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Food Sales |
|
|
Room Sales |
|
|
Gaming Machines |
Ongoing Costs
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Service Charge Payable monthly, to include: Cellar cooling service, Buildings insurance, Fire Compliance, Boiler maintenance (tenancies only). NICEIC Electrical Test (tenancies only) |
£3,421pa |
|
Accountancy Services Fees for a nominated accountant (payable monthly) |
£4,010pa |
|
Stocktaking Services Six professional stocktakes per annum |
£1,600pa |
|
Rent In the region of (payable monthly in advance) |
£47,500pa |
Pub Details
Could this be the pub for you?
Please ring 01234 244453 to speak with our recruitment team
