Award Winning Restaurant & Village Pub in Cambridgeshire

Saint Neots, Cambridge
REF: R08075

Asking Price:
£150,000
Annual Turnover:
£450,000
Annual Net Profit:
£58,242
REF: R08075

Overview

Tenure:
Leasehold
Established:
1700
  • Award Winning
  • EHO 5* Hygine Rating
  • Extensive Gardens with Children's area
  • Spacious restaurant Seating c. 130 covers
  • 2-Bedroom Apartment Included

Intelligent Business Partners are pleased to bring to the market this free of tie village pub and restaurant, one of Cambridgeshire’s oldest.

The business boasts a loyal customer base and an excellent reputation that has resulted in impressive financial figures. Its success lies in its food and service offering which has made it a ‘Destination’ restaurant in the heart of a local community, as well as its flexibility in catering for a range of events. These qualities have afforded the business a highly impressive annual turnover of £450,000 (Avg last 4 years) generating an adjusted net profit of approx. £58,000.

Extensive building in the surrounding towns and villages amounting to some 10,000 new homes offers a great new source of custom. Various planning permissions for extending the restaurant have existed over the last 10 years and these can be re-applied for.

Intelligent Business Partners are pleased to bring to the market this free of tie village pub and restaurant, one of Cambridgeshire’s oldest.

The business boasts a loyal customer base and an excellent reputation that has resulted in impressive financial figures. Its success lies in its food and service offering which has made it a ‘Destination’ restaurant in the heart of a local community, as well as its flexibility in catering for a range of events. These qualities have afforded the business a highly impressive annual turnover of £450,000 (Avg last 4 years) generating an adjusted net profit of approx. £58,000.

Extensive building in the surrounding towns and villages amounting to some 10,000 new homes offers a great new source of custom.

The business for sale is a well-established ‘Destination’ Restaurant and village pub within an affluent area some 5 miles from Saint Neots, Cambridgeshire.

The Restaurant and Pub combine the luxury of fine dining food with the comfort of a village pub atmosphere to create the idyllic setting. The Restaurant has become a phenomenon in the area and is placed the number 1 British restaurant out of 78 in the St Neots area. In particular, the Sunday lunch here has become extremely popular and is frequently fully booked up to a week in advance.

The bars & restaurant, which is established with a 5-star hygiene rating, operates from a 400-year-old, Grade II listed building. The rustic building’s main entrance leads directly into the main restaurant where there are up to 95 seats available for diners. A further 35 covers can be accommodated in a private dining area. Upstairs, and included within the leasehold, is a 2-bedroom apartment, with a living room, bathroom, kitchen and box room.

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  • Highly sought-after location
  • Large car park (Approx. 75 cars)
  • Situated a mile from the A1
  • Walking distance to the River Ouse and boating canals
  • No competitors within a 2-mile radius
Rent
£45,000
Rates
£15,500
Lease Term
35
Lease Expiry
2036
Square Footage
TBC
Accommodation Included
Yes
Premises Licence
TBC
Property Value
TBC
Planning
TBC
EPC
B 26-50

Annual Turnover
XXXX
Annual Net Profit
XXXX
Stock at Valuation
XXXX
Accounts
XXXX
Trading Entity
XXXX
Current Ownership
XXXX
Management Structure
XXXX
Number of Employees
XXXX

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