Public Houses for sale in Falmouth

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Leasehold Pub & Restaurant Located In Falmouth

Falmouth, Cornwall, England

  • Leasehold Price: £124,950
  • Annual Turnover: £479,286
Seller Reference: 2088
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Business Description
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Seller Reference: 2088
Request Details
Business Description
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.
Is accommodation included?:
Location Details:
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.
Leasehold Term:
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.
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