Gallery View
Key Highlights
- Town Centre location on the Market Square
- £207k planned investment inc tenants F&F
- 1st year financial suppport whilst trade builds
- Potential Profit before Drawings and Machine income of £34,000
- Private accommodation on 1st floor
Pub Overview
Situated in a desirable highly visible location in the town centre, on the corner of the main Market Square. With plenty of scope to create a food offer, The Corner House is a short distance from a large no. of shops and within the heart of the café and late-night entertainment scene. The Market Square is 300 metres from the picturesque river, the Great Ouse, and a further 100 metres to local parks.
Suitable Applicants
This is an ideal opportunity for an experienced operator to take on a town centre premises with the option of creating and developing the food trade, and to culminate on hosting a greater volume of entertainment evenings. As well as benefitting from the annual local events that take place throughout St Neots there are market days traditionally on Wednesday & Saturdays.
Wells & Co will only grant a tenancy to a limited company. All Directors of the limited company will be required to provide a personal guarantee
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 |
£24,700 |
|
Security Deposit Payable in advance to Wells to cover any charges incurred by your business |
£10,000 |
|
Training Course Fees Per person (payable to Wells & Co. Ltd) 5 day induction course mandatory for all licensees – NB £800 for two people |
£0 |
|
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 |
|
Working Capital Minimum working capital required |
£7,500 |
|
Stock & Glassware In the region of to cover the value of opening stock |
£6,000 |
|
Valuers Fee In the region of (paid to valuer) for valuing fixtures and fittings. |
£800 |
|
Advanced Rent In the region of (usually 1 month) - negotiable |
£0 |
|
Fixtures & Fittings Estimated valuation to purchase e.g. carpets, curtains, tables and chairs, kitchen equipment |
£30,000 |
ANTICIPATED RETAINED INCOME
|
Drink Sales |
£418,600 |
|
Food Sales |
£59,000 |
|
Total Sales |
Ongoing Costs
|
Service Charge Annual charge paid monthly, to include: Cellar cooling service, Buildings insurance, Fire Compliance, Boiler maintenance (tenancies only). NICEIC Electrical Test (tenancies only) |
£2,950 pa |
|
Accountancy Services Fees for a nominated accountant (in the region of) |
£3,050 pa |
|
Stocktaking Services Six professional stocktakes per annum recommended |
£1,200 pa |
|
Rent In the region of (payable monthly in advance) |
£33,000 pa |
Could this be the pub for you?
Please ring 01234 244453 to speak with our recruitment team
