Run a Wells & Co. Pub - The Oliver Cromwell, St Ives, Cambridgeshire

Potential Partner Profit £49,000 Key Highlights • A popular, modern, quirky Grade II listed character-laden pub which is the place to be. • Premium pub just off town centre near to the picturesque quayside of the river Great Ouse • Cosy courtyard patio garden with part sliding roof for shade or shelter from the rain • 3-bed domestic accommodation • Fair Maintainable Profit £49,000 • Financial support for 1st year including half price rent Pub Overview Situated in a desirable location on the fringe of the town centre, a short distance from the picturesque quayside of the river Great Ouse, the Oliver Cromwell is a semi-detached 18th Century property brimming with both charm and potential. Renowned locally for quality, home-cooked food using the locally sourced ingredients prepared in-house, the pub’s menu is complimented by a strong selection of cask ales, making it a hit with diners and drinkers alike. It's popularity is not confined to affluent local residents; with strong transport links to the surrounding area, the pub is equally attractive to the wider population of St Ives and its surrounding villages. With plenty of scope to grow its food offer, the Oliver Cromwell’s already strong reputation in the area is only the beginning for this fantastic pub. Property The entrance on Wellington Street leads into the main with an ancillary servery leading to the rear. Décor and furnishings are a combination of modern and traditional, with funky aspects to attract the 25 to 44 market. There are a number of tables, chairs and bar stools for approximately 24 customers. The restaurant area to the rear of the bar provides seating for approximately 26 covers. The first floor is accessed internally leading to the trade kitchen, compact in size and fitted with a range of commercial catering equipment. A lobby area provides access to domestic accommodation comprising of 3 bedrooms, bathroom, lounge, office and kitchen with ancillary space for dry store and storage areas for the main trade kitchen. Externally, there is a large patio courtyard at the centre of the premises providing seating for approximately 30 customers. Gates accessed from Chapel Lane providing access for servicing and dray delivery. Business Potential The pub has an established and well-developed business and is a popular town local, offering modestly quality food, including Wings Wednesday, Ribs Thursday and Taco Tuesday as well as offering a wide range of craft & cask ales and premium international lagers. The site has had a strong rhythm of the week, including food offers and entertainment especially the Sunday 'Sofa Sessions'. There is however plenty of scope to re-focus & develop the food trade. The Fair Maintainable Turnover sits at £751,000 with a Drinks to Food ratio of 74/26. Suitable Applicants This is an ideal opportunity for an experienced operator to take on a thriving town centre premises with the option of looking to increase the existing food trade, potentially hosting a greater volume of entertainment evenings, as well as benefitting from the annual local events that take place throughout St Ives.

Location: Fenstanton, GB

Posted Date: 1/12/2025