Public Houses for sale in Hayle

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 The purchaser came to us from the advertisement on Daltons. 

Julie Ashcroft (Mar 2017)
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Leasehold Price: £133,999 Price Reduced Annual Turnover: £422,552
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Business Description
• Public House, private lease, main street location, close to beach
• Excellent scope for development, inc tearooms, roasts all day, gastro pub, longer opening hour
• Turnover in excess of £370,000 per annum
• First class 3 bed owners accommodation, potential to add other services

Reference; 46271. The Red River Inn is an established main road located pub with a car park, available on a leasehold basis due to the vendor wishing to return overseas. Located on the main street and only 500 meters from a stunning beach in Cornwall, and offering excellent scope for new owners to develop further. A free of tie privately leased pub producing sales in excess of 370k. The business comes complete with a 3 bed impressive owners accommodation. High touristic affluent area. Total of 50 internal covers in main restaurant plus 40 extra plus Huge site with excellent scope for new owners to build on current owners success.

This is a fantastic opportunity to purchase a privately leased public house with history dating back to 1810.

The Red River Inn is located in Gwithian, a peaceful village on the north Cornish coast. The pub is located within the centre of the village and is located just 500 meters from the stunning beach in North West Cornwall.

The current owner has been in situ for the last 7 years and is only now offering this successful pub for sale due to wishing to return overseas.

A short distance to the east of the village is Gwithian Towans, which is an area of coastal duneland that forms part of The Towans. Gwithian Beach stretches three miles from the Hayle River mouth to the Red River mouth at Godrevy. The beach is popular throughout the year with surfers, windsurfers, and other beachsport enthusiasts. Gwithian beach is patrolled by RNLI lifeguards from easter to september and surfing equipment can be purchased or hired from the nearby surf shop. In addition there are 3 large campsites, potentially offering over 2000 clients daily.

The pub is currently under a private lease and is free of all ties. The landlord is eager to see continued success of the pub and is always accommodating to new ideas.

The pub today offers most of its trade to the summer months with over 75% of its trade being earned in 7 months. The pub is renown for its local ales and offers food at set times. With the campsites close by, the pub tends to be fully booked with food reservations. Therefore, the hours that food is served could be extended to all day long within the summer months, potentially doubling the turnover and profitability.

The vendor has suggested there is a market to offer breakfasts and an all day roast in addition to the introduction of al fresco dining in the beer garden.
The restaurant is supported by a fully fitted commercial kitchen and growth potential is vast.

The pub occupies a variety of internal areas and the restaurant offers 64 cover

Summary. This is an exciting opportunity to purchase a business with a bright future and unlimited potential for the right buyer.

A true business development opportunity. A viewing is highly recommended.
Tenure: Leasehold

Listed by: Kings Business Transfer

Find out more about this business opportunity.

 
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KBT46271
Seller Reference:
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