The Corner House
St Neots

The Corner House

  • The Corner House gallery image
  • The Corner House gallery image
  • The Corner House gallery image
  • The Corner House gallery image
  • The Corner House gallery image
  • The Corner House gallery image
Gallery View

Key Highlights

  • Town Centre location on the Market Square
  • Modern Décor
  • Opportunity for experienced town centre operator
  • Potential Profit before Drawings and Machine income of £31,800
  • Potential Machine income of £9,500
  • BII Membership

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.

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
£24,533
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
£9,000
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
Working Capital
Minimum working capital required
£7,500
Stock & Glassware
In the region of to cover the value of opening stock
£4,000
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
£2,333
Fixtures & Fittings
 Estimated valuation to purchase e.g. carpets, curtains, tables and chairs, kitchen equipment
£13,000
ANTICIPATED RETAINED INCOME
Drink Sales
Food Sales
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)
£28,000 pa
Please note that these are estimated figures, given as a guide only. Goods and services may be subject to VAT.

Pub Details

54 Market Place, St Neots, PE19 2AA
Town centre – chameleon
Enquire About This Pub

Could this be the pub for you?

Please ring 01234 244453 to speak with our recruitment team