Close

Choose your country

Or view all businesses for sale

Worldwide

Advertisement

Leasehold Pub And Restaurant Located In Falmouth For Lease

Falmouth, Cornwall
Asking Price:
£124,950 Furniture / Fixtures included
Turnover:
£479,286
Net Profit:
Available on request

Veritas Business Sales are delighted to offer this rare opportunity to purchase a thriving and growing business for sale due to owners’ retirement. Our clients have heavily invested in the business during their tenure and any purchaser would benefit from the high-quality fixtures, fittings and equipment. The wet to dry split averages at 60: 40 across the year, with dry sales significantly boosted during school holiday periods as our clients have established a family friendly reputation. Furthermore, the business is in a prime location for high footfall in addition to the very attractive views available from the dining room. The venue benefits from consistently high trade year-round with a loyal local base and university students boosting trade through the winter months. This business offers opportunities to grow in the future with potential for the building to be developed to incorporate a sun terrace (subject to planning) as well as the council’s current plans to convert the car park at the rear of the pub into a public space for events and recreation.

Property Information

Property:

Leasehold

Lease Terms:

EI publican Partnership Lease
Original term: 10 years
Remaining: 3 years
Rent: £43,000 pa plus VAT
Rates: £16,000 pa
Free of tie ale, wines, minerals & packaged
products.

Leasehold Rent:

£43,000 per annum

Location:

This successful business is located in the centre of the vibrant harbour, beach and university town of Falmouth, on Cornwall’s south coast. The property enjoys unrivalled views of the vast harbour, Pendennis castle and the river Fal estuary. With a resident population of 27,000 Falmouth is one of Cornwall’s premier locations for tourists, students and locals and it was recently named by the Sunday Times as the ‘best place to live’ in the south west of the UK. Falmouth enjoys an unusually long tourist ‘season’ owing to the town’s investment in highly popular festivals running in the late spring and autumn such as the International Sea Shanty and Oyster festivals.

Premises Details:

Ground Floor
Main Bar
With a mix of wood, newly carpeted and tiled floors with a 27’ mahogany bar and attractive beamed ceiling. Seating for approximately 115 covers, many benefiting from the outstanding water views the property boasts.

First Floor
Trade kitchen
Fully equipped with commercial appliances and non-slip altro flooring throughout.
Prep Room with preparation counters, freezers and hand cut chip machine.
Dry Store, providing further storage and freezer areas.
 
Owners’ Accommodation
The owners’ accommodation is arranged over the first and second floors benefitting from private access. Comprising of large lounge, galley kitchen with access to a roof terrace, two double bedrooms, one of which is currently utilised as an office.
 
Lower Ground Floor
Ladies and Gents Toilets. Cleaner’s and glass storage area plus extensive caged secure storage area.
 
Cellar
Very large temperature controlled cellar comprising of four rooms including recently fully replaced beer dispense equipment and large real ale two tier racking auto-tilt system.

Other Information

Inventory / Stock value:
£5,000

Contact Information

    1. Your Address

    2. Optional
  1. Optional
  1. What will happen?

    We will pass a copy of your enquiry information, along with the name of the business you enquired on to finance specialists Rangewell. They will contact you in due course about financing your business purchase.

  2. What will I receive?

    BusinessesForSale.com is committed to protecting your privacy. Ticking this box means you are consenting to us sending you marketing emails.

    You will receive newsletters, updates and offers about business and franchise opportunities. We will also send you information about related business and franchise events.

    You can change your mind at any time by clicking unsubscribe in the footer of our emails.

    Find out more about what we do with your information in our privacy policy.

By submitting this form, you confirm that you agree to our Terms and Conditions. Please note that BusinessesForSale.com will send the above details to Veritas Business Sales. For more information about how we use your data, read our privacy policy.

Selling your business?

If you own a business and are considering selling, visit our Sell a Business section. Limited Free Trial available.

Sell Your Business

Are you a Business Owner?

Set up your Private Seller Account and create your listing today

Get Started Here

Are you a Business Broker?

Set up your BrokerWeb Account and list multiple businesses

Get Started Here