Run a Wells & Co. Pub - The Corner House, St Neots

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.

Location

St Neots - a historic market town situated some 4 miles North of Sandy, 7 miles South of Huntingdon and 18 miles West of Cambridge. Situated on the river Great Ouse, the nearby town of St Ives and the surrounding area benefit from a generally affluent resident population and good road links. Being close to the intersection of the A1 (northsouth) the A421/A428 which links Cambridge to Bedford & Milton Keynes on an east to west axis, St Neots a relatively compact town with a high proportion of licensed premises mainly centred upon The Market Square. The Square is only 300 metres from the River Great Ouse. St Neots is estimated to have a population of 36,110 (forecast 2021 population) and is one of the largest towns in Cambridgeshire, after the cities of Peterborough and Cambridge.

Property

Ground Floor - entrance from the Market Square into the main bar with a refurbished simple wooden top bar front with small back bar display. The main bar servery is situated in the rear section with catering Kitchen to the rear and access to the cellar. Décor and furnishings are combination of modern & some traditional in style with mixture of wooden and carpeted flooring throughout. There are a few sofas, number of tables, chairs and bar stools, some at poser height and a small quirky fixed seating area leading out to a small courtyard area. The disabled toilet is on the ground floor, and Ladies and Gentlemen's WCs on the first floor. Below is a ground cellar and storage.

First Floor - the domestic accommodation comprising of 1 bedroom, bathroom, lounge, office and kitchen. External - to the side of the pub on the Market Square there has historically been a pavement license for around 20 covers, with canopy overhead. There is potential to expand this, however this would require permission and a license from the local authority. There is a small under cover courtyard at the side of the premises that could provide a trading area.

Business Potential

The pub was an established late night and sports venue. There is an opportunity to with investment to move this towards a more hybrid venue offering a casual dining food offer during the day and early evening, and then evolving into a cocktail and later night venue in the evening to maximise the opportunity of the target market within St Neots. There is therefore plenty of scope to develop the food trade, the previous operator chose to have a wet only offer. Fair Maintainable Turnover of £334,853 (No food has been included in these figures)

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 & Saturday.