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Renowned Cornish Inn/Restaurant In Tintagel For Sale

Tintagel, Cornwall, UK
Asking Price:
£99,750 Furniture / Fixtures included
Turnover:
£503,000
Net Profit:
Available on request

THE PROPERTY
The Mill House Inn is an attractive and particularly impressive character property, with origins reputedly dating back to 1760 and originally a corn mill. The Mill House Inn is a substantial period property which has been much improved and extended in recent years and is renowned for its ambiance, character, warmth, and abundance of charm and character within a superior and purpose-equipped trading environment. This exceptionally high-quality destination country inn, restaurant and function venue briefly comprises: a Main Bar (20+), a dining room (30), Restaurant/Function suite with a versatile multipurpose room (100+), a guest lounge, a Commercial Catering Kitchen with extensive back-up facilities and additional service areas, 8 Ensuite Letting Bedrooms and a one-bedroom letting Letting Cottage. Externally, The Mill House is set in approximately Six Acres within a tranquil wooded valley. To the front is an attractive Raised Paved Beer Garden with a large timber Gazebo offering seating for around 80 customers. There are also Customer Car parking Areas to the front and rear for 60+ vehicles. The Mill House is undoubtedly a very special business and is a successful and popular country inn which provides a substantial and impressive income and is set in an extremely sought-after part of the South West. A viewing is strongly recommended in order to fully appreciate all that this rare and unique opportunity has to offer.

INTERNAL DETAILS
RECEPTION AREA/GUEST LOUNGE with wood-burning stove, slate flooring, comfy sofas and a reception desk.
MAIN Bar is an attractive character room with slate flooring, heavily beamed ceiling, painted stone walls, pool table area and a range of comfy sofas, freestanding tables and chairs comfortably seating 20+ customers.
BAR service with associated back bar fittings to include display shelving, two glass-fronted bottle fridges, EPOS touch-screen cash register and Maître D system with printer link to the kitchen.
DINING ROOM: another attractive character room with solid wood flooring, heavily beamed ceiling, feature woodburning stove (disused), and a range of free-standing tables and chairs comfortably seating 30 customers.
RESTAURANT/FUNCTION SUITE is a versatile multipurpose room which was purposefully built in 2008. An attractive and spacious modern room with vaulted ceilings and exposed beams, solid wood flooring with underfloor heating, free-standing tables and chairs comfortably seating 100 customers.
BAR service with associated back bar fittings, wine fridge, glass washer, under-counter fridge, EPOS touch-screen cash register and Maître D system with printer link to the kitchen.
LADIES, GENTS & DISABLED WC's.
COMMERCIAL CATERING KITCHEN with non-slip flooring and wipe-clean clad walls being fully equipped to an exceptionally high standard with an extensive range of commercial catering equipment to include:- extractor system with steel canopy over and gas interlock system; the Bulls Eye range; a six-burner range; Rational combi-oven; a warming cupboard with serving gantry and warming lamps over; 4 door under counter commercial fridge, 3 door under counter commercial fridge, 2 door under counter commercial fridge with a saladette over, twin table top deep fat fryers, single table top deep fat fryer, wall shelving, stainless steel work benches with shelving below, 2 deep bowl sink units, commercial pass-through dishwasher with tray slide.
WALK IN freedom
2 DRY GOODS STORES
FREEZER STORE with 1 upright freezer and 2 chest freezers.
2 STAFF WC's
BEER CELLAR temperature controlled.
BOTTLE STORE
OFFICE
WAITRESS STATION/SERVE AREA with stainless steel preparation work surfaces, upright fridge, commercial coffee machine, filter coffee machine, hot water still, and 2 sink units.
BREAKFAST KITCHEN with extractor system with stainless steel canopy over, 6 burner gas range, hotplate, 2 under-counter fridges and an eye-level grill.

LETTING ACCOMMODATION
The business offers 8 ensuite letting bedrooms and a detached one-bedroom letting cottage. The letting bedrooms are tastefully furnished and include digital tv, hairdryers and hospitality trays. The characterful rooms briefly comprise:
BEDROOM 1 is a Superior Double Bedroom with an Ensuite Bathroom.
BEDROOM Two is a Standard Double Bedroom with an Ensuite Shower Room.
BEDROOM THREE: a Standard Double Bedroom with an Ensuite Shower Room.
BEDROOM Five is a Superior Double Bedroom with an Ensuite Bathroom.
BEDROOM Six is a Standard Double Bedroom with an Ensuite Shower Room.
BEDROOM Seven is a Standard Twin Bedroom with an Ensuite Shower Room.
BEDROOM NINE a Family Room to sleep 5 with two interconnected bedrooms and an Ensuite Bathroom.
BEDROOM Ten is a Superior Double Bedroom with an Ensuite Bathroom.
MILL COTTAGE is a Superior Letting Suite with open-plan Lounge and Kitchenette, a double bedroom, and an Ensuite Bathroom.

EXTERNAL DETAILS
The property is set in approximately SIX ACRES of its own Wooded Valley and Grounds. To the front is the MAIN CUSTOMER CAR PARK with a driveway leading to an ADDITIONAL CUSTOMER CAR PARK to the rear, with space for 60+ vehicles. Also to the front is an attractive RAISED BEER GARDEN with Patio Terraces and a Large Timber Gazebo with traditional wooden benches, providing seating for 80 customers. There are also various useful OUTBUILDINGS and STORE AREAS.

THE BUSINESS
The Mill House Inn is a renowned and highly successful country inn, restaurant and function venue which exudes character and is equipped and furnished to an extremely high standard throughout. This is a stunning destination pub restaurant with letting rooms, being well presented and having been substantially extended around 15 years ago to create a purpose-equipped modern contemporary restaurant and function suite with spacious and comprehensively equipped commercial catering kitchens and associated ancillary facilities. The business provides an exceptional trading environment equipped with an extensive inventory of trade fixtures and fittings. The Mill House Inn is a long-established and popular multifaceted licensed business as an inn with letting rooms, restaurant and a function venue. The business attracts trade from the surrounding villages and towns, as well as further afield, benefiting day trippers, tourists, holidaymakers, and visitors to the area year-round. The inn provides flexibility for drinking, dining and function trade with the added advantage of the extensive outside seating area, which is extremely popular in the summer months. The Mill House Inn benefits from its own website, which includes further background information and drone footage. The letting rooms are listed with Booking.com, and the business is also listed with the AA. The business has been awarded a TravelerChoice Award from Trip Advisor. The Mill House Inn has built a fantastic reputation for quality food and accommodation and consequently enjoys impressive levels of regular repeat business. The sale of The Mill House Inn represents a tremendous opportunity to purchase a well-regarded destination country inn and restaurant with consistently strong levels of trade, the likes of which seldom come to the market.

CURRENT STAFFING
The business is run with a full complement of staff, including two full-time chefs, a part-time breakfast chef, 2 full-time bar/front-of-house managers and various part-time and casual members of staff, as and when trade dictates.

TRADING INFORMATION
Accounts for the year ending December 31, 2022, show sales in the order of £503,000 net of VAT, with a gross profit in the order of £325,000. The advised split of trade is 43% food sales, 30% wet sales, 27% accommodation, and other sales.

TENURE
The business is available by way of a new 15-year free-of-charge lease on full repair and insurance terms. The commencing rent is £52,000 per annum, with rent reviews every 3 years. Full terms are to be agreed upon.

Property Information

Property:

Leasehold

Leasehold Type:
New
Lease Terms:

The business is available by way of a new 15 year free of tie lease on full repairing and insuring terms. The commencing rent is £52,000 per annum with rent reviews every 3 years. Full terms to be agreed, please contact us for further information.

Location:

SITUATION
The Mill House Inn is a stunning and renowned country inn with rooms, restaurant and a function room, nestled in its own splendid, wooded valley a few minutes away from the beach at Trebarwith Strand, on Cornwall's popular north coast. Situated between the popular tourist haunts of Tintagel and Port Isaac, the business is an ideal base for guests to explore north Cornwall and its fantastic surfing beaches, coastal footpaths, and some of Cornwall's finest scenery. With good access to the A39 and A30 main roads, provide access to the rest of Cornwall and beyond.

Energy Performance Rating:
D