Gastro-Pub FreeHouse in SW Cambs.

  • Leasehold Price: £5,000
  • Annual Net Profit: £50,000
  • Annual Turnover: £350,000
Featured For Sale
Godmanchester, Cambridgeshire, England
Seller Ref:PAX0732040253
Featured For Sale

Gastro-Pub FreeHouse in SW Cambs.

Godmanchester, Cambridgeshire, England
Seller Ref:PAX0732040253
  • Leasehold Price: £5,000
  • Annual Net Profit: £50,000
  • Annual Turnover: £350,000

Overview

Seller Ref: PAX0732040253

Description

This beautiful Grade 2 listed Pub dates all the way back to 1626. You could own this Gastro-Pub business without buying the Pub! A unique opportunity in rural SW Cambridgeshire brought about by the leaseholders retirement. This 100 + cover restaurant pub with two bars, a very large carpark and garden could be yours, complete with a two bedroom accommodation for you, or as guest rooms. This genuine ‘Freehouse’ (free of tie) has a ‘no premium’ 12 year lease. A commercial kitchen, restaurant, and bars offer a fast start up. With a history of great food and service this venue is also ideal for weddings, parties, family gatherings, company meetings etc.
The discerning food clientele in this rural catchment area has more than tripled in the last 3-4 years.
Note: Although the category shown is ‘For Sale’ actually no price is asked for the business. The acquisition cost for this business is intended to be limited to the normal legal costs related to lease re-assignment.. The new business owner will need working capital and an advance rent payment. No ‘consideration’ for the business is required. The revenues and profits mentioned are recent historic, and rounded up. 2019/20 showed revenues of c. £550,000.

Leasehold Terms:
Zero Premium! 12 years to run. This Wellington Pub company lease is renewable at term end. A 'Free of Tie' lease, thus a 'Free-House'. At £48500 net pa this is low cost compared to other Pub chains that have tied houses.
Trading Hours:
midday-10pm Tuesday to Sunday.
Number of Bedrooms:
2
Location Details:
Located in a small village 3 miles from Godmanchester. In a High Street rural village location, four towns within five miles. Nearby river sports, fishing, holiday locations, barges, etc. Above average high net worth residents.
Is this business relocatable:
No
Is this business home based:
No
Is accommodation included:
Yes
Is this In administrative/receivership:
No
Is stock included:
Stock at valuation

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