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Leasehold Public House In Gwinear For Lease

Hayle, Cornwall, UK
Asking Price:
£74,950 Furniture / Fixtures included
Sales Revenue:
£120,000
Cash Flow:
Available on request

Leasehold Public House Located In Gwinear. Has a Caravan  site with 10 electric hook ups. Comes with four bedroom accommodation.

Veritas Business Sales are delighted to offer for sale this Leasehold Public House & Caravan Site which is located in Gwinear. This grade II listed property has been operating as a pub for the 60 years and has been in the careful hands of the current owners for the past 4 years and is reluctantly being offered for sale due to unforeseen health reasons.
Since ownership the property has been kept in good order and there has been continual investment in new equipment along with fixtures and 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 Royal Standard is owner operated with the help of 2 part time members of staff and has an annual turnover of £120,000. Approximately £80,000 of the turnover derives from wet sales where they offering an extensive range of ales, wines, spirits, cocktails and soft drinks. Food sales equates to £20,000 and the remaining £20,000 from the newly introduced and very popular caravan site which comes with 10 electrical hook up points as well as room for 5 other visitors.
We believe that the business would thrive in the hands of a husband & wife team or experienced food based operators to enhance the food sales. The business already 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. This is a superb opportunity to purchase a business with further potential which is a great base to build upon and as such early viewing is highly recommended as this is not to be missed.

Property Information

Property:

Leasehold

Lease Terms:

Original term: 7 years Remaining : 2 years Rent: £26,4000 pa Reviewed: 3 years Business rates: zero

Leasehold Rent:

£26,400 per annum

Living Accommodation:

First Floor
Owners Accommodation
Lounge (4.3m x 4.3m) Bedroom 1 (4.4m x 3.0n) double Bedroom 2 (4.8m x 2.1m) double Bedroom 3 (3.5m x 3.2m) single Bedroom 4 (3.4m x 3.6m) single
Bathroom (3.6m x 2.2m) with bath, W/C and wash basin

Location:

This established Public House & Caravan Site is located in the Cornish village of Gwinear. The pub is 2 miles from Hayle and only 4 miles from the thriving harbour town of St Ives. Both Hayle and St Ives enjoy high levels footfall and tourism especially in summer months and produce above average levels of sunshine. St Ives was voted the best holiday destination by Coast magazine and is listed in TripAdvisor's top 10 European beaches.

Premises Details:

Ground Floor
Front bar (7.2m x 4.5m) comprising: tables & chairs to cover (14), menu boards, various pictures and log burner with feature fire place.
Side bar (7.7m x 4.2m) with pool table with ceiling lights, tables & chairs to cover (22) and menu boards.
Bar comprising: glasswasher (Adexa), wash basin, electronic till, 3 door glass drinks fridge (Rhino), music system and all the usual bar equipment.
Kitchen (2.5m x 5.9m) comprising: upright fridge (Adexa), upright freezer (Adexa), upright freezer (Adexa), 6 burner cooker (Caterquip), dual basket deep fat fryer (Lincat), 3 stainless steel sinks with drainer and directional hose, dishwasher, microwave (Aedexa), hot lamp unit, extraction canopy and stainless steel prep table.
Games room (7.2m x 3.6m) with pool table, dart board, tables with chairs, bench and feature fire place.
Gents W/C with 2 urinals and wash basin. Ladies W/C with wash basin and wall mounted mirror.
Cellar with all the usual cellar requirements.
The property benefits from electric storage heating

External
Car park. Large garden with children’s play area. Smoking area. Camp site with 10 electrical points.

Business Operation

Trading hours:

Monday – Friday – 5:00pm – 10:00pm
Saturday & Sunday – 12:00pm – 10:00pm

Other Information

Inventory / Stock value:
£2,500

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