Gallery View
Key Highlights
Investment planned to create a premium quality local pub
Traditional pub-restaurant in prominent position in the sought after Cambridgeshire village
Large enclosed patio area, to be developed to create a quality courtyard for eating & drinking
Cosy and inviting lounge full of traditional charm
Payment plan available for fixtures and fittings
Spacious domestic family accommodation offering 4 bedrooms + 5th box room
Pub Overview
An eye-catching three-storey brick building under a slate tiled roof, the New Sun Inn has been a mainstay of the beautiful Cambridgeshire village of Kimbolton for around three centuries. Steeped in history and charm, the pub’s exposed beams and brickwork, 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 your significant other to a delicious pub meal in friendly surroundings, the pub has a strong reputation locally as a great place to gather. 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 continue to grow the food and wet 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. | £24,700 |
| 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. | £9,375 |
| 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) | £3,125 |
| Working Capital Minimum working capital required | £6,000 |
| Fixtures and Fittings Estimated valuation to purchase e.g. carpets, curtains, tables and chairs, kitchen equipment | £19,860 |
ANTICIPATED RETAINED INCOME
| Drink Sales | |
| Food Sales | |
| Room Sales | |
| Gaming Machines |
Ongoing Costs
| Service Charge Payable monthly, to include: Cellar cooling service, Buildings insurance, Fire Compliance, Boiler maintenance (tenancies only). NICEIC Electrical Test (tenancies only) | £3,156pa |
| Accountancy Services fees for a nominated accountant | £2,600pa |
| Stocktaking Services Six professional stocktakes per annum | £1,600pa |
| Rent In the region of (payable monthly in advance) | £37,500pa |
Pub Details
Could this be the pub for you?
Please ring 01234 244453 to speak with our recruitment team
