Award Winning Restaurant & Village Pub in Cambridgeshire

Saint Neots, Cambridgeshire
REF: R08075

Asking Price:
£150,000
Annual Turnover:
£450,000
Annual Net Profit:
£58,242
Recently Sold
REF: R08075
Photo of Award Winning Restaurant  & Village Pub in Cambridgeshire
Photo of Award Winning Restaurant  & Village Pub in Cambridgeshire
Photo of Award Winning Restaurant  & Village Pub in Cambridgeshire
Photo of Award Winning Restaurant  & Village Pub in Cambridgeshire

Overview

Tenure:
Leasehold
Established:
1700
  • Excellent Reputation
  • Wide Variety of Products & Services
  • Spacious Premises
  • Accommodation 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.

Features

Online Presence

Location

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  • On-Site Car Parking
  • Good Transport Links
  • High Footfall
  • Limited Competition

Property

Annual Rent
£45,000
Annual Rates
£15,500
Lease Term (Years)
35
Lease Expiry (Years)
TBC
Accommodation Included
No
EPC Rating
B 26-50

Financial & More

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