Pubs for sale in Manaccan

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Adam Warren (Jan 2017)
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Leasehold Price: £49,950
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Business Description
THE PROPERTY
The New Inn is an extremely well presented and deceptively spacious character Grade II listed thatched village freehouse. This attractive and impressive detached free of tie leasehold property has been comprehensively refurbished and extended to an extremely high standard in the last 3 years to include the addition of a new Dining Room, a purpose fitted and equipped Catering Kitchen and a new central heating system. This extremely well appointed and well regarded free of tie village inn retains many attractive character features and comes fully equipped with an extensive inventory of quality fixtures and fittings. The business briefly comprises: - character Main Bar Area (28+), character Middle Bar (20+), stylish Garden Room Dining Area (28), impressive and well equipped Commercial Catering Kitchen with backup and ancillary facilities, and a well presented family sized Owners Accommodation offering 3 Bedrooms, a Sitting Room and a Bathroom. Externally, the property benefits from grounds which extend to over 0.6 acre and incorporate extensive Customer Car Parking for 30 plus vehicles, an impressive Lawned Beer Garden and adjacent Patio Terrace with bench seating for around 60 customers. An internal inspection is strongly recommended in order to fully appreciate all that this deceptively spacious and superior free of tie village inn has to offer.

SITUATION
The New Inn is situated in the heart of the popular and sought after village of Manaccan. The New Inn is the only pub in the delightful and unspoilt Cornish village which is situated on the Lizard Peninsular in South Cornwall. Manaccan is situated close to the renowned sailing waters of the Helford estuary with delightful coves and beaches close by and is approximately 16 miles from Falmouth and 10 miles from Helston in an area designated as an Area of Outstanding Natural Beauty.

INTERNAL DETAILS
Customer entrance doors to both the front and the rear. Main entrance to front with thatched over canopy into entrance vestibule. Door into Main Bar an attractive character trading area with many original features including painted ceiling beams, exposed stone flooring, part exposed stone walls, part wood panelled walls, feature stone inglenook fireplace with seating area, brick fire place, range of free standing wooden tables, chairs, window seating and bar stools providing seating for around 28 customers plus adequate standing room. Timber fronted and topped bar servery with Altro flooring, fitted with associated back bar fittings and display shelving, EPOS touch screen cash register, feature ships mast, double glass fronted bottle fridge, sink unit, single glass fronted bottle fridge, and glass washer. Middle Bar open plan from the main bar area, again an attractive character room with carpeted flooring, part wood panel walls, painted ceiling timbers, feature non working inglenook fireplace with bread oven and feature seating area, carpeted flooring, door to front, range of free standing tables and chairs comfortably seating 20 customers. Garden Room recently constructed (2017) and accessed off of the main bar is a stylish and impressive dining room and seating area with tiled flooring, bifold doors leading out to the rear patio and garden, wall mounted menu boards, range of free standing wooden tables and chairs comfortably seating 28 customers. Ladies, Gents and Disabled WC’s newly built in 2017.

Commercial Catering Kitchen with Altro flooring, part wipe clean clad and part stainless steel lined walls and being equipped to an extremely high standard with a comprehensive range of commercial catering equipment to include:- extractor system with stainless steel canopy over and gas interlock, 6 burner gas range, flat top griddle, chargrill, twin floor standing deep fat fryer, turbo fan oven, grill, stainless steel work benches with shelving below, racked shelving, microwave oven, two upright fridges, two deep bowl stainless steel sink units, stainless steel wall shelving, commercial dishwasher, warming cabinet with serving gantry over, two door undercounter commercial fridge unit, stainless steel hand basin, upright freezer and door to rear. Store Room with tiled flooring, ice machine, work surfaces washing machine, oil central heating boiler, upright freezer, two upright fridges, chest freezer, microwave oven, racked shelving and door to front. Beer Cellar temperature controlled on the ground floor.

Please note: The fittings, equipment and services listed have not been tested by the agents, although we are informed that all items are in working order.

PRIVATE ACCOMMODATION
Situated on the first floor is the well proportioned family sized owner’s accommodation which briefly comprises: - Sitting Room with dual aspect to front and rear, feature fireplace (non working) and built in cupboards. Bedroom 1 a good sized double bedroom with aspect to the front. Bedroom 2 a double bedroom with aspect to the front. Bedroom 3 a single bedroom with aspect to the rear and built in cupboards. Bathroom with shower over bath.

EXTERNAL DETAILS
The pub occupies a plot which extends to in excess of 0.6 acres. The front of the property is a Driveway and Parking Area which leads to a rear Customer Car Park and adjacent overflow Parking Area with space for 30 plus vehicles. Leading from the carpark is an extensive Lawned Beer Garden with a rural outlook with picnic bench seating for around 40 customers. Directly to the rear of the property is an enclosed Patio Garden Area
with further customer seating for 20 plus customers. Bin Store Area. Wood/Coal Store. Wooden Sheds.

THE BUSINESS
The New Inn is an extremely popular free of tie destination village pub and restaurant which is extremely well presented throughout and offers extensive character trade areas. The New Inn is the focal point of the village and the community. The pub is owned by a village based co-operative society who acquired the pub in 2015 and have carried out a comprehensive and thorough refurbishment and modernisation of the premises which are now presented and equipped to an extremely high standard throughout. The Directors of The New Inn Manaccan (2014) Limited have worked hard to put this rather special historic inn back on the map and having had a change of management at the pub recently, they have decided to create a lease on the pub. The New Inn is a popular and well regarded business with an excellent reputation and which benefits from impressive levels of regular year round repeat trade, not only from the village, but also from the surrounding villages and towns and tourists visiting the area throughout the year. The business benefits from a 5 star food hygiene rating and it also has its own website www.newinnmanaccan.co.uk which provides further background information on the business. The sale of The New Inn represents an excellent opportunity to purchase a well regarded country village inn with family sized owner’s accommodation and which is undoubtedly a very special place to live and work and a formal viewing is essential in order to fully appreciate all that this high specification freehouse has to offer.

TRADING INFORMATION
Management accounts for 6 month period ending 31st August 2018 show sales of £189,147 including VAT with projected sales in the order of £300,000 anticipated for the full year. Further management accounting information can be made available to interested parties following a formal viewing appointment. The trade split is approximately 59% wet sales and 41% food sales.

CURRENT STAFFING
The business is run by a full complement of full time and part time staff, all fully paid.

POTENTIAL
There is tremendous potential to develop all aspects of the trade still further and build on the impressive trade levels that are already being achieved, with particular opportunities to introduce an all day food service, for which demand exists, particularly during the busy summer months and at weekends.

EPC
Listed property and therefore exempt.

RATING
For up to date Business Rates and Council Tax information relating to this property, we refer you to The Valuation Office website www.voa.gov.uk and We are advised that The New Inn currently benefits from having nil business rates payable.

SERVICES
Mains water, mains electricity, septic tank drainage, LPG for cooking, oil fired central heating and hot water.

PRICE & TENURE
£49,950 for the valuable free of tie leasehold interest as a going concern business and full trade inventory. Wet and dry stocks to be additional at valuation.

The business is available by way of a new free of tie lease with a fully negotiable term to suit the incoming operator’s requirements. The commencing guide rent of
£30,000 per annum with rent reviews every 3 years. Full detailed terms to be agreed, please contact us for further details.

VIEWINGS
Strictly by appointment with the vendors Sole Selling Agents.Tel:(01392)201262.Email:info@stonesmith.co.uk
You are recommended to contact us before visiting the property even for an informal viewing. We can then confirm whether or not it is still available.

FINANCE
An early discussion about finance can often save time and disappointment. If you would like independent specialist advice on funding this property or any other purchase, we recommend you contact us for a list of our approved brokers.
Number of Employees:
The business is run by a full complement of full time and part time staff, all fully paid.

Tenure: Leasehold

Location Details:
The New Inn is situated in the heart of the popular and sought after village of Manaccan. The New Inn is the only pub in the delightful and unspoilt Cornish village which is situated on the Lizard Peninsular in South Cornwall. Manaccan is situated close to the renowned sailing waters of the Helford estuary with delightful coves and beaches close by and is approximately 16 miles from Falmouth and 10 miles from Helston in an area designated as an Area of Outstanding Natural Beauty.

Leasehold Term:
The business is available by way of a new free of tie lease with a fully negotiable term to suit the incoming operator’s requirements. The commencing guide rent of £30,000 per annum with rent reviews every 3 years. Full detailed terms to be agreed, please contact us for further details.

Website:

Listed by: Stonesmith

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