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Stunning And Award Winning Free Of Tie Cornish Village Inn With Letting Rooms

Cornwall, England

  • Leasehold Price: £99,950
  • Annual Turnover: £612,224
Seller Reference: 4800
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Business Description
 
 
 
 
 
 
 
 
 
 
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Seller Reference: 4800
Request Details
Business Description
THE PROPERTY
The St Tudy Inn is an extremely impressive and deceptively spacious award-winning character Cornish country village inn. With origins reputedly dating back to the 17th century, the St Tudy Inn is presented to an exceptionally high standard throughout having been the subject of a comprehensive refurbishment and renovation with almost no stone being left unturned. The result is a fabulous purpose equipped destination village freehouse and restaurant with recently added letting bedrooms within a stunning barn conversion. The inn is renowned for its ambiance, retaining much of the original charm and character within a welcoming trading environment. This quality high turnover business is a popular and extremely well regarded destination village inn and restaurant with letting bedrooms which provides a superior trading environment and is fitted with fixtures, fittings and a trade inventory of the highest quality. The business briefly comprises:- Character Main Bar (26+), Main Restaurant (21), Snug Dining Room (8), Top Dining Room (36), high quality Commercial Catering Kitchen with backup and Ancillary Facilities, 4 high quality Ensuite Letting Bedrooms, spacious and superior Owner's Accommodation with 5 Double Bedrooms (4 Ensuite), spacious Lounge/Dining Room with open plan Kitchen and a Private Roof Terrace. Externally, the property benefits from a Customer Car Park for around 40 vehicles, and Seating Areas to the front and rear offering alfresco seating for 36+ customers, together with numerous useful Outbuildings and Stores. The St Tudy Inn is undoubtedly a very special place to live and work and a viewing is strongly recommended in order to fully appreciate the quality and high standards inherent throughout all aspects of this impressive multi-faceted business and the further potential it provides.

SITUATION
The St Tudy Inn occupies a prominent trading position in the heart of the popular and sought after unspoilt picturesque Cornish village of St Tudy. St Tudy nestles between Bodmin Moor and the north Cornish coast. The North Cornish coastline and the historic fishing village of Port Isaac is around 7 miles away and is famed for the being the home of the world-renowned shanty singing group The Fisherman's Friends and the television series Doc Martin. Extensive sandy beaches stretch along the north coast on either side of the Camel Estuary with Polzeath and Daymer Bay, two famous surfing beaches, being 11 miles away. Rock and Padstow are less than 14 miles away while the popular, vibrant and busy riverside town of Wadebridge is around 7 miles away. This part of Cornwall is easily accessible from the A30 at Bodmin or Launceston.

INTERNAL DETAILS
Main customer entrance doors to both the front and the rear, from the car park. Old Bar an attractive character room with slate flooring, part exposed stone walls, feature fireplace with inset woodburning stove, wall mounted menu boards, feature lighting, range of free standing wooden tables, chairs, bench seating, armchairs, window seating and bar stools for around 26 customers plus adequate standing room. Timber fronted and polished timber topped central Bar Servery also servicing the main restaurant with Altro flooring and fitted with a range of associated back bar fittings, display shelving, two double glass fronted bottle fridges, EPOS touch screen cash register with printer link to the kitchen, sink unit, work surfaces, and glass washer. Main Restaurant an attractive character room with slate flooring, feature Bar Servery, feature lighting, double sided feature fireplace, range of freestanding wooden tables and chairs comfortably seating 21 customers. Snug Dining Room again an attractive character room with wood flooring, double sided feature open fire, freestanding wooden tables and chairs comfortably sitting 8 customers. Top Dining Room an attractive room with carpeted flooring, feature atrium ceiling lantern, wall mounted menu boards, freestanding wooden tables and chairs comfortably sitting 36 customers and doors leading to the rear decked patio area. Ladies, Gents and Disabled WC. Office. Waitress Station/Servery with commercial cappuccino machine and coffee grinder. Beer Cellar temperature controlled on the ground floor with door to rear, racked shelving, ice machine, two wine fridges and a commercial upright fridge. Commercial Catering Kitchen with Altro flooring, part stainless steel clad walls, equipped to an exceptionally high standard with a comprehensive range of commercial catering equipment to include:- extractor system with stainless steel canopy over and gas interlock system, 6 burner gas range, twin floor standing deep fat fryer, flat top plancha, Blueseal turbo fan oven, Lindcat grill. Stainless steel work benches with shelving below, warming cabinet, open serving pass with serving gantry and warming lamps, three door undercounter commercial fridge unit, extensive stainless steel racked shelving, stainless steel deep bowl sink unit, two door and two draw commercial undercounter fridge unit, stainless steel deep bowl sink unit, passthrough dishwasher, extensive wall mounted stainless steel shelving, stainless steel handbasin, undercounter fridge, Walk in
Fridge, commercial saladette fridge, upright freezer and door to rear.

LETTING ACCOMMODATION
The business offers 4 Extremely Well Appointed and Stylish High Quality Ensuite Letting Bedrooms which are completely self-contained within a stunning high specification renovation of a derelict barn, adjacent to the inn. Completed in late 2017 to exacting standards, each of the beautifully appointed double letting rooms offers king-size beds, ensuites with digital showers, Nespresso machines, USB plug sockets, 22inch smart TV's with Freesat, digitally controlled heating, hairdryers and Wi-Fi.

OWNER'S ACCOMMODATION
The St Tudy Inn benefits from impressive and extremely well appointed, spacious family sized owner's accommodation on the first and second floors. This provides superior living accommodation, completely renovated in late 2017 to an exceptionally high standard throughout and offering flexible and versatile living space comprising:- Open plan Lounge/Dining Room a spacious L shaped room with dual aspect windows to front and French doors to rear leading out to the Private Roof Terrace, open plan Kitchen Area fitted with a range of base and wall mounted kitchen units with complementary work surfaces. Bedroom 1 a good-sized double bedroom with dual aspect windows to the front and side, Ensuite Bathroom with shower over bath. Bedroom 2 a double bedroom with twin aspect to the rear and an Ensuite Shower Room. Bedroom 3 a double bedroom with aspect to the front. Bedroom 4 a generous double bedroom on the second floor with part exposed ceiling timbers, aspect to the rear and an Ensuite Bathroom with separate Walk in Shower. Bedroom 5 again a good-sized double bedroom on the second floor with part exposed ceiling timbers, aspect to the rear and Ensuite Shower Room.

Agents Note: The owner's accommodation has been specifically designed for maximum flexibility and offers potential to utilise up to 4 of the bedrooms as additional letting rooms, if so desired.

EXTERNAL DETAILS
To the front of the property is a Seating Area with wooden bench seating for around 16 customers. To the side and rear of the property is a good-sized Customer Car Park with space for around 40 vehicles. Also, to the rear and leading directly from the main trade areas is a decked Terrace Area with alfresco seating for 12 customers and an adjacent Patio Area with seating for around 8 customers both with feature raised borders. Bin Store Area. Wooden Storage Shed with racked shelving, tumble dryer, and chest freezer. Log Store. Wine Store.

THE BUSINESS
The St Tudy Inn is a renowned and successful award-winning village inn which has been refurbished and equipped to an extremely high standard, resulting in a stunning destination pub restaurant with letting rooms, presented in exceptional condition throughout. Having been redeveloped with almost no expense spared, the business provides an exceptional trading environment equipped with high quality fixtures, fittings and trade inventory. Awards and accolades include; Michelin Bib Gourmand, Waitrose Good Food Guide, Gastro Pub Awards Top 50 Pubs in the Country (number 33 in 2020), Good Pub Guide, Lonely Planet Guide and GQ Awards Best Pub (runner up). The St Tudy Inn is very much at the centre of the local community and also attracts trade from around the county as well as further afield, benefiting from tourists, holiday makers and visitors to the area. The St Tudy Inn has received a 5 Star Food Hygiene Rating. It benefits from its own website and the letting rooms are also listed with Booking.com and have been awarded an exceptional 9.4 (out of 10) by guests. The business trades from 11am until 11pm Tuesday - Saturday. 11am - 5.30pm Sunday and is closed on Sunday evening and all day on Monday. Food is served between midday and 2.30pm and 6.30pm and 9pm Tuesday - Saturday and from midday until 2.30pm on Sunday. The sale of the St Tudy Inn represents an excellent opportunity to purchase an exceptionally well presented and well regarded award winning destination village inn and restaurant, with a consistently high turnover, the like of which seldom comes to the market.

TRADING INFORMATION
Accounts for the year ending 31st March 2020 show sales of £612,224 net of VAT. Currently the split of trade is 49% food sales, 39% wet sales and 12% accommodation and other income. Full detailed trading information can be made available to interested parties following a viewing appointment.

CURRENT STAFFING
The business is owned and run by our client, a single working proprietor, with the assistance of 9 full time and 4 part time members of staff.

POTENTIAL
The business undoubtedly offers further potential for incoming operators, with opportunities to reconfigure the owner's accommodation to provide additional letting bedrooms, for which demand exists. There are also opportunities to increase the current trading hours and to build upon the impressive levels of trade and reputation which has already been established.

EPC
D-83
Tenure:
Leasehold
Is accommodation included?:
Flexible 5 Double Bedroom (4 Ensuite) Private Accommodation
Number of bedrooms:
5
Location Details:
Prominent trading position in the heart of the popular and sought after unspoilt picturesque Cornish village of St Tudy. St Tudy nestles between Bodmin Moor and the north Cornish coast. The North Cornish coastline and the historic fishing village of Port Isaac is around 7 miles away. Extensive sandy beaches stretch along the north coast on either side of the Camel Estuary with Polzeath and Daymer Bay, two famous surfing beaches, being 11 miles away. Rock and Padstow are less than 14 miles away.
Leasehold Term:
The business is available by way of a new 10 or 15 year free of tie lease on full repairing and insuring terms. The commencing rent is £55,000 per annum with rent reviews every 3 years. Full detailed terms to be agreed, please contact us for details.
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