Well-Established Public House in Cornwall

Hayle, Cornwall
REF: 04823

Asking Price:
£50,000
Annual Turnover:
£140,000
Annual Net Profit:
TBC
Reduced
Recently Sold
REF: 04823
Photo of Well-Established Public House in Cornwall
Photo of Well-Established Public House in Cornwall
Photo of Well-Established Public House in Cornwall
Photo of Well-Established Public House in Cornwall

Overview

Tenure:
Leasehold
Established:
1967
  • Independent Public house
  • 4 bed owner accommodation included
  • Excellent turnover
  • Recently renovated premises
  • Scope for further growth

A superb opportunity has arisen for a new buyer to take ownership of a well-established and popular Public House in West Cornwall.
Established over 50 years ago, the current owners have renovated and refreshed the premises which has now helped the business to build a good level of profitability.
With a superb reputation and excellent turnover, this is an ideal opportunity for an entrepreneur or family to acquire a longstanding business with owners accommodation and further growth potential.

Trading for over 50 years, the business is a longstanding feature in the community and benefits from a large local customer base in addition to serving the vast number of holidaymakers that visit the area each year.
The business is a Free House which means it has no ties to a brewery and maintains full independence.
The current owners pride themselves on the impressive refurbishment they have undertaken, transforming the business into a community-led establishment that enjoys close ties with three pool teams, a euchre league, beer festivals, local football team, children’s’ play area and quiz night - as well as working closely with the village hall to facilitate local events.
The business is easily recognisable due to its prominent road side position, large façade and clear signage. The interior décor has been recently renovated and now presents a modern and smart environment. There is a large open plan bar area with seating, a dedicated pool area, dining/function space in addition to a well-fitted commercial kitchen. On the first floor is a four bedroom apartment which is currently used as owner’s accommodation, which includes a bathroom and loft space. The premises benefits from a large beer garden, a recently fitted children’s play area and ample customer parking.

Intelligent Business Transfer are pleased to bring to the market a fantastic opportunity for a new buyer to acquire a well-established and recently renovated Public House located in a popular village in West Cornwall.
Established for over 50 years, the business has demonstrated excellent growth and now achieves a weekly turnover of £3,000.
With a superb reputation and excellent location, this is an ideal opportunity for an entrepreneur with or without industry experience to acquire a longstanding Public House with further growth potential.
A motivated new buyer may look to develop the business further by expanding the services offered to include camping for up to ten tents or four campervans in the large beer garden, either on a permanent basis or during highly profitable summer months.
There is significant potential to open longer hours (currently trades 54 hours per week), as the business does not open during lunch time. The lunch market has not been tapped into as yet but this is something the current vendors are looking into.
Intelligent Business Transfer have been approached to find a suitable buyer for this superb opportunity.
The current owner has developed a profitable and highly regarded business which is now primed for exceptional further growth.

Location

Property

Annual Rent
£26,000
Annual Rates
TBC
Lease Term (Years)
7
Lease Expiry (Years)
TBC
Accommodation Included
TBC
EPC Rating
C 51-75

Financial & More

Annual Turnover
XXXX
Annual Net Profit
XXXX
Stock at Valuation
XXXX
Company Accounts
XXXX
Trading Entity
XXXX
Management Structure
XXXX
Number of Employees
XXXX
Current Ownership
XXXX

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