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Key Highlights
- Century Grade II listed character-laden property
- Prime town centre location near to the picturesque quayside of the river Great Ouse
- Cosy courtyard patio garden
- Friendly village pub popular with locals and visitors alike
- Fair Maintainable Profit £40,000
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. Its 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 such as the Sept/Oct Fair, Christmas Fair and the Picnic in the Park held in June. There is also a Monday market.
Financial Overview
ANTICIPATED INVESTMENT REQUIRED
We estimate the Investment required for this pub would be as follows:
| Security Deposit in the region of (paid in advance to Wells & Co. Ltd) held to cover credit and rental charges. Returnable at the end of the agreement, or £10,000 if Ltd company |
£10,000
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| Fixtures and Fittings estimated valuation (paid to the outgoing licensee via the valuer at least 7 days in advance) to purchase e.g. carpets, curtains, tables and chairs, kitchen equipment. The successful applicant must reply upon the valuation provided by their appointed licensed trade valuer in relation to the actual sum to be paid. |
£22,750 |
| Stock and Glassware in the region of (paid to the outgoing licensee on the day of changeover) to cover the value of opening stock. |
£7,000 |
| Valuers Fees in the region of (paid to valuer) for valuing fixtures and fittings. |
£800 |
| Training Course Fees per person (payable to Wells & Co. Ltd) 5 day CRISP 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) |
£TBC |
| Minimum Working Capital Required |
£10000 |
| APPROXIMATE TOTAL Please note that these are estimated figures, given as a guide only, and do not include fixtures and fittings. |
£28,700 |
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) |
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Accountancy Services fees for a nominated accountant |
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Stocktaking Services We recommend all licensees should have six professional stocktakes per annum |
Pub Details
The Oliver Cromwell, St Ives
Could this be the pub for you?
Please ring 01234 244453 to speak with our recruitment team
