• LONG-ESTABLISHED PUBLIC HOUSE LOCATED IN PENRYN, NEIGHBOURING THE HARBOUR
Price:
Leasehold - £69,950
Location:
Cornwall, Penryn
Business Type:
Commercial Property
OPEN PLANNED PUBLIC BAR WITH MANY CHARACTER FEATURES
THREE-BEDROOMED OWNERS’ ACCOMMODATION
EXTENSIVE TRADE GARDEN OVERLOOKING A TRIBUTARY OF THE PENRYN RIVER
CAR PARK FOR 9 VEHICLES
TURNOVER IN EXCESS OF £186,000 PER ANNUM
SCOPE TO EXPAND DRY SALES
THE PROPERTY
The public house boasts a spacious bar area with immense character in the form of ornamental barrels, slate flagstone flooring, exposed stone walls and a large open fireplace with wood burning stove. Also on the ground floor is a kitchen and cellar. The owners’ accommodation on the first floor comprises a living room, bathroom, three bedrooms and storage area. Externally, to the side, the property provides a lawned beer garden including seating for circa 36 persons. There is a car park catering for approximately 9 vehicles.
THE BUSINESS
The business trades all-year-round and is permitted to open between the hours of 10.00am and 1.00am due to holding a license extension. The business is run with the assistance of 4 part-time bar staff. The business is wet led and has been in our clients’ tenure for 17 years and is now being sold for a change of lifestyle. The turnover for the year ending 31 March 2010, was £186,488 with a gross profit of £92,063 and a reconstituted net profit of £24,670 after having deducted wages of £25,281. In the normal manner further accounting information will be made available to prospective purchasers subsequent to a viewing appointment. We understand that the business is supported by one pool team and one winter darts team.
The town of Penryn stands at the mouth of the Penryn River approximately one mile from the coastal resort town of Falmouth. Penryn is one of Cornwall’s most ancient towns with a wealth of charm, character and history. Good access to neighbouring areas such as Truro and Falmouth is provided by Penryn railway station. In recent times Falmouth has seen high levels of investment including The National Maritime Museum and the Cornwall University campus at Tremough, providing the first university for the county. Falmouth enjoys good representation by both national and sole traders, along with all-year-round trade which swells during the prime holiday months.
The remainder of a 10 year Punch Tavern’s lease commencing 7th August 2007, for an initial period of 10 years (within the Security of Tenure Provisions of the Landlord & Tenant Act 1954) with a 5-yearly review pattern on a FRI basis. Advised rental £27,200 per annum (including accommodation). Product tie of keg and bottle and alcopops. Free of tie on wine and spirits.
North Yorkshire
£ 750,000
|
|
Business Services that may be of Interest:
|
|
|