The Bull lies in a prominent corner position at a busy junction in the affluent village of Newborough which has a population of c2000, within the City of Peterborough in Cambridgeshire.
Nestling within approximately an acre plot with a large car park and a pretty leafy spacious green to the rear. The business lies in the heart of the community, on the main through road B1443 running between the commuter roads A16 and A15. This traditional community pub is very well supported by the local residents seeing much repeat trade and loyal custom, benefiting from a monopoly trading position within the village.
The Bull is truly at the heart of the community with the restaurant/function room used like a village hall hosting many events for local clubs, young farmers and council meetings. Additionally, this popular public house is home to the local darts, dominoes, pool and pétanque teams. This charming 17th-century public house is very well maintained throughout with a feature wooden bar, lovely brick fireplace and quality furnishings.
Currently, the pub's revenue is derived from wet sales only. It offers a huge scope to increase turnover by introducing food sales. Perhaps also extending opening hours to cover lunchtimes and offer meals during the day. The kitchen is adequately sized and equipped to manage this food offer should it be introduced. Additionally, there is a spacious 3-bedroom living accommodation above the business.
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Spacious accommodation.
The living accommodation is on the first floor and briefly comprises of 2 double bedrooms, single bedroom, large lounge and bathroom.
Forecast Turnover: £314,635.97
Year 1 Rent: £15,000.00
Guide Rent: £20,000.00
Initial Deposit: £0.00
Full Deposit: £5,000.00
Full Tie Release: £53,500.00
Agreement Fee: £750.00
Repair Fund: £2,500.00
Fixtures & Fittings: £12,000.00
Working Capital: £16,000.00
Stock & Glassware: £1,000.00
Cash Float: £2,000.00
Forecast Wet Turnover: £245,617.12
Forecast Dry Turnover: £69,018.85
Forecast Other Turnover: £0.00
The Bull is a great opportunity for an experienced publican to take on this charming traditional pub. Well known for its good quality, pub food, this pub suits an operator with catering experience. A publican with high standards in hospitality and strong marketing skills will be able to attract and gain loyalty from the surrounding towns and villages by continuing to offer a pub-style menu and a traditional pub experience. The Bull Inn has excellent facilities already in place will allow the business to continue to grow.
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Insurance disclaimer
Towergate Insurance Brokers is a trading name of Towergate Underwriting Group Limited. Registered in England No 4043759.
Registered address: 2 Minster Court, Mincing Lane, London EC3R 7PD. Authorised and regulated by the Financial Conduct Authority.
Finance disclaimer
Portman Finance Group includes Portman Asset Finance Limited (Reg No: 06226530) which is authorised and regulated by the Financial Conduct Authority for its credit broking activities and deals with a panel of lenders (FRN: 719988), Portman Leasing Limited (Reg No: 06797365) authorised and regulated by the Financial Conduct for Consumer Hire lending (FRN: 723730) and Portman Commercial Finance Limited (Reg
No: 10011121). The companies within Portman Finance Group are all registered in England and Wales with registered offices: 1 Pavilion Court, 600 Pavilion Drive, Northampton, NN4 7SL
Mortgage disclaimer
The Mortgage Hut Limited is an appointed representative of Mortgage Advice Bureau Limited and Mortgage Advice Bureau (Derby) Limited which are authorised and regulated by the Financial Conduct Authority. The Mortgage Hut Limited. Registered Office: Ground Floor, Threefield House, Threefield Lane, Southampton, Hampshire, SO14 3LP Registered in England Number: 07629941
Your home may be repossessed if you do not keep up repayments on your mortgage. There may be a fee for mortgage advice. The actual amount you pay will depend upon your circumstances. The fee is up to 1.5%, but a typical fee is 0.3% of the amount borrowed.
MISREPRESENTATION ACT 1967
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