Admiral Vernon, Over
Over, Cambs

Admiral Vernon, Over

  • Admiral Vernon, Over gallery image
  • Admiral Vernon, Over gallery image
  • Admiral Vernon, Over gallery image
  • Admiral Vernon, Over gallery image
  • Admiral Vernon, Over gallery image
  • Admiral Vernon, Over gallery image
  • Admiral Vernon, Over gallery image
  • Admiral Vernon, Over gallery image
  • Admiral Vernon, Over gallery image
  • Admiral Vernon, Over gallery image
Gallery View

Key Highlights

  • Charming traditional pub in the heart of the village of Over
  • Warm cosy and inviting interior
  • A loyal regular local customer base who appreciate real ale
  • Clear potential for a substantial and sustainable pub food offer
  • Located 3 miles from the A14 and 15 minutes from the centre of Cambridge
  • 4-bed private accommodation

Pub Overview

Situated in a prominent position on the High Street in the heart of Over, the pub has great positioning to attract customers from the immediate locality, together with those from further afield. The pub is a traditional community local that provides traditional pub games, with a mixed age group frequenting the one bar operation. There is scope to expand the business through provision of food and to capture more custom from the surrounding business community.

Suitable Applicants

Suitable applicants must have the flair and drive to develop the right offer for the demographics in the local area. Applicants must be committed to providing a fully focussed customer experience and great hospitality. They need to be willing to be involved with the local community. Strong commercial and financial skills are desired to operate this business. Experience working in a village pub with a strong understanding of real ales, wine and a simple food operation would be highly beneficial.

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
£16,575
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)
£6,000
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
£5,000
Stock & Glassware
In the region of to cover the value of opening stock
£2,500
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
£1,375
Fixtures & Fittings
 Estimated valuation to purchase e.g. carpets, curtains, tables and chairs, kitchen equipment (£ est)
£12,000
ANTICIPATED RETAINED INCOME
Drink Sales
82%
Food Sales
18%
Accommodation
0%

FMT = Fair Maintainable Trade

Ongoing Costs

Service Charge
Payable monthly, to include: Cellar cooling service, Buildings insurance, Fire Compliance, Boiler maintenance (tenancies only). NICEIC Electrical Test (tenancies only)
£2,644 p/a
Accountancy Services
Fees for a nominated accountant (in the region of)
£3,025 p/a
Stocktaking Services
Six professional stocktakes per annum recommended
£1,200 p/a
Rent
In the region of (payable monthly in advance)
£16,500 p/a
Please note that these are estimated figures, given as a guide only. Goods and services may be subject to VAT.

Pub Details

31 High Street, Over, Cambs, Cambridgeshire, CB24 5NB
Destination community wet
Enquire About This Pub

Is this the pub for you?

Please ring 01234 244453 to speak with our recruitment team