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6 bedroom pub for sale

Churchtown, TR12

Offers in Region of £120,000

Property Description

Commercial information

  • Business for sale
  • Use class orders: A3 Restaurants and Cafes, A4 Drinking Establishments and C1 Hotels

Key features

  • Established business
  • Prominent location
  • Stunning views
  • Great reputation
  • Profitable
  • Freehold option available also

Full description

Tenure: Leasehold

Established Freehouse With Letting Rooms For Sale In The Cornish Village Of Mullion
Separate Owners Accommodation
Bar & Restaurant with 80 Covers
External Patio/Terrace with 60 Covers
Ref 2102L

The Mounts Bay Inn occupies a central position in the picturesque village of Mullion, which lies on the Lizard peninsula, Cornwall. The village has a population of circa 2,500 people which increases significantly by tourists during the summer months. Mullion has all the usual amenities you would expect to find in a picturesque Cornish village from inns, cafes, restaurants, art galleries and craft shops. Mullion Cove still has a working fishing harbour which is owned by the National Trust and just stunning. Many of the counties most popular beaches are close by with Poldhu Cove being very popular with families and the nearest town is Helston just 5 miles away.

Business information
Leasehold Asking Price: 120,000
Rent: 35,000 pa
Turnover: 550,000 pa
Gross Profit: 62%
Business rates: 16,500

Business Description
Veritas Business Sales are delighted to offer for sale this respected Pub & Restaurant with letting rooms which is located in the desirable fishing village of Mullion in Cornwall. The business has been established for over 100 years and has been in the careful hands of my client for the last 12 years. Reluctantly the business is being offered for sale so they can enjoy a well deserved retirement. Since ownership they have continually refurbished and invested in new equipment along with fixtures & fittings which are all bought and paid for and included within the sale price which is a huge plus for any new purchaser as additional funds will not need to be spent for some time. The business is owner operated and requires the help of 6 full time staff and 8 part time members of staff during the busy season and has an annual turnover of 550,000 net of VAT with a GP of (62%). Wet sales equate to approximately 50% of the turnover, 40% comes from food sales and the remaining 10% is from room income where tariffs range from 70.00 per single room to 95.00 for a family room per night on a B&B basis. We believe that there is further potential to increase trade should you wish to do so. 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 passing tourists. This is a superb opportunity to purchase an established lifestyle business which is a great base to build upon and as such early viewing is highly recommended as this business is not to be missed.

Ground Floor
Main Entrance with double doors
Bar Area with 12 bar stools, 2 settees, pool table and seating for (40)
Bar: with 3 double under counter drinks fridges (Gamko), single under counter drinks fridge (Blizzard), 2 espresso coffee machines (Francion), 2 epos sales tills, sink with drainer, glass wash machine (Maidaid) and music system.
Cellar with cooling unit, ice machine and sink
Wine and Dry Goods Store with various shelving
Kitchen comprising: various stainless steel tables, double commercial sink, dish washer (Class EQ), combi oven (Rational), fryer-oven-4 burner range with griddle unit (Lotus), extractor, hand wash basin, 3 microwaves (Samsung), microwave (Sanyo), 3 fridges (Blizzard), freezer (Blizzard), upright fridge freezer (Hot Point), warming oven (Lincat), Grill (lincat), blender (Robo Coupe) and microwave (Panosonic),
Kitchen/Preparation room with upright fridge (Beko), upright freezer (Mondial), upright stainless fridge (Blizzard), upright stainless fridge (Mondial), white domestic fridge and 2 upright freezers.
Storage Room: with 4 freezers, fridge, small freezer, and a stainless steel table
Restaurant with chairs, tables for (45) covers, various pictures and lamps and feature fire place
Ladies with two W/C's, hand wash basin and baby unit
Mens W/C with two urinals and hand wash basin

First floor
Room 1 Double room with shower en-suite
Room 2 Family room with shower en-suite
Room 3 Double room with shower en-suite
Room 4 Twin room with shower en-suite.
Utility Room: with washing machine(Beko), tumble dryer (Hot Point) and linen press.
Linen Cupboard with various shelving.
Annexe with double room, single room, fully fitted kitchen, bathroom with shower, W/C and hand wash basin.

Second floor
Owners accommodation/Self Contained Flat with lounge/kitchenette, double bedroom with en-suite.

Front courtyard with 4 picnic tables
Rear garden with large patio/decking area and 6 picnic tables
Large grassed garden area with 7 picnic tables
garden shed

Fixtures, Fittings and Effects
Normal fixture and fittings associated with this type of property are included in the sale and a detailed inventory of these will be supplied prior to exchange.

Viewings are to be arranged strictly by prior arrangement through our offices

Map & Street View

Disclaimer - Property reference 2102L. The information displayed about this property comprises a property advertisement. 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, Truro. 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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