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7 bedroom pub for sale

The Square, TR4

Guide Price £49,950

Property Description

Commercial information

  • Business for sale
  • Use class orders: A3 Restaurants and Cafes and A4 Drinking Establishments

Key features

  • Well established
  • Vibrant village location
  • Scope to increase food sales
  • Refurbished letting rooms

Full description

Tenure: Leasehold

Leasehold Pub, Restaurant & Bed & Breakfast For Sale In Chacewater, Truro, Cornwall
Ref 1081

Location

The Kings Head is located in the vibrant village of Chacewater, which lies approximately 5 miles from the City of Truro which is classed as the hub of the county. Falmouth, Redruth, Camborne, and Newquay are all within easy reach.

Financial information

Asking price: 49,950 plus SAV
Turnover: 173,723 net of vat pa
Gross Profit: 112,644
Stock value: 2,000

Leasehold

Punch Taverns full repairing lease
Original term: 10 years
Remaining : 9 years
Reviewed: 10 yearly
Rent: 22,500 plus vat per annum
Rates: 10,000 per annum

Business Description

Veritas Business sales are delighted to offer for sale this respected pub, restaurant and bed & breakfast located in Chacewater. The business has been trading for over 100 years and been in the careful hands of the current owners since 2012. Reluctantly the business is being offered for sale but they feel its time to move on. Since our clients have taken ownership of the business they have continually invested in new fixtures, fittings and equipment which are all bought and paid for and included within the sale price which means any new purchaser will not have to spend any additional funds for some time. The business has an annual turnover of 173,723 with a gross profit of 112,644. Around 60% of turnover is from wet sales, 10% comes from food sales and the remaining 30% of turnover is from the newly refurbished bed & breakfast accommodation. There is a tie on draught beers, bottled beers and ciders with the exception of wines, spirits and soft drinks which are free of tie. This successful concern is currently owner operated and employs the help of 4 part time members of staff. We believe that there is further potential to increase trade by extending the restaurant. The business enjoys a strong reputation within the local community and beyond and as such has a high level of regular and repeat trade along with many visiting tourists. We consider this a rare opportunity to purchase an established business, which is a great base to build upon and as such early viewing is highly recommended as this superb business is not to be missed.
Opening Hours

Monday - Thursday - Midday - 11pm
Friday - Midday - Midnight
Saturday & Sunday - Midday - 11pm

Ground Floor

Main bar servery to include mahogany counter, 2 under counter bottle fridges, glass washer, sink drainer, coffee machine and cash register.
Bar area comprising: sofa, 2 arm chairs, bar stools and TV.
Restaurant comprising: tables and chairs for (30), and a log burner
Kitchen comprising: 6 burner range, grill (Lincat), twin deep fat fryers, extractor hood, stainless steel sink drainer, stainless steel work table, chest freezer (Fridge master), upright fridge (Future), toaster, microwaves x 4, hand wash basin and dishwasher (Caterwash)
Cellar with chest freezer, shelving unit and ice machine
Laundry room with washing machine (Indesit), ice cream fridge, dryer (Hoover), safe and various shelving

Gents W/C, 3 urinals and wash basin
Ladies W/C x 2, 2 wash basins

First floor

2 x Double bedrooms with shower en- suites
2 x Double bedrooms
W/C
Shower room with wash basin

Owners accommodation with open plan lounge/bedroom and en-suite bath with shower over, W/C and wash basin

Second floor

2 x Double bedrooms with hand wash basins

External

Front patio area with picnic table seating
Side patrons carpark for (15) and a single story outbuilding
Rear beer garden with mature trees and shrubs


Map & Street View

Disclaimer - Property reference 1081. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by VERITAS BUSINESS SALES LTD, Solihull. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

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