Restaurants for sale in Penryn

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Ian McGregor (Nov 2013)
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Leasehold Price: £50,000 Price Reduced Annual Turnover: £460,000
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Business Description
• Popular Food based Pub in Cornwall
• Small Camp/Caravan site
• Highly visible main road trading position
• Large car park & out buildings
• Excellent turnover and profits
• Good sized owners accommodation
• Beer garden & children’s play area

Falcon Commercial is delighted to offer for sale this popular Public House with large Restaurant which benefits from small campsite, good sized garden and large car park. It has been under the proud ownership of our clients since 2010. It is now reluctantly being placed on the market due to the vendor’s ill health. During our clients stewardship the business has built up an excellent reputation for its welcoming atmosphere and excellent food, particularly the extremely popular carvery which is available every day in the summer.

Operating from substantial detached landmark premises of real charm and character, In addition to the carvery the business currently offers a full and varied all day menu of classic a la carte hot and cold café and restaurant meals, side orders, desserts and beverages, all prepared freshly to order in its extensively equipped catering kitchen and served in the very pleasant surroundings of tastefully furnished and appointed dedicated dining areas and function room, which can accommodate up to 100 covers in style and comfort with numerous additional general bar and external covers also available.

The Halfway House is run by our clients with help from a dedicated team of staff. The business generates a turnover in the region of £460, 000 per year and enjoys consistently high gross profit margins. This rarely available opportunity is not to be missed and early negotiations with Falcon Commercial come highly recommended.

The Premises
This substantial detached character landmark premises occupies an outstanding highly visible trading position on the busy main A394 tourist route in the sought after village of Rame. The village is a short distance from Penryn, Falmouth as well as Truro. It provides excellent internal and external business accommodation. The well-presented and equipped property is set within its own extensive grounds.

The premises briefly comprise:

Ground Floor
• Entrance porch
• Lobby
• Ladies toilets
• Gents toilets
• Public Lounge bar with wood burning-stove in feature original fireplace and a good mix of loose and fixed furnishings, which houses a prominent, fully fitted timber faced licensed servery with full range of optics, draught pumps, chilled bottle display cabinets electronic till point etc.
• restaurant which may comfortably accommodate up to 90 covers and includes a prominent, fully fitted food serve-over counter area with large glazed and refrigerated dessert display cabinets, two large adjoining-glazed and heated buffet food display and serve-over counters, modern coffee machine
• fully fitted and extensively equipped commercial kitchen with extraction system housing ample stainless-steel work surfaces, storage units, a fully equipped preparation/washing-up kitchen area with fitted sink unit and dishwasher and a full range of modern, high quality catering appliances including 1 x 6-burner range with fan assisted oven, 2 x “Lincat” double electric hobs, 1 convection oven, 1 x double chargrill, 2 x deep-fat fryers, 1 x 10-pot steamer, 1 x large “Hobart” mixer and various microwave, refrigerator and freezer storage units etc

Ground Floor Continued
• Preparation/Wash up area with 2 stainless steel sink units
• Fully equipped trade cellar
• Store room with shelving to walls
• Waiters kitchen
• Office

First floor - spacious private accommodation, briefly comprising
• Owners private lounge
• Kitchen with a range of fitted wall and base units
• Double bedroom
• Shower room
• Double bedroom
• Double bedroom
• Office
• Purpose built storage shed with walk in fridge
• Vegetable preparation room
• Large garage currently used for storage
• Large car park
• Private garden
• Rear beer Garden
• Children’s play area
• Covered smoking area
• Caravan/Camping site with 5 pitches all with electric hook up points

Business Details

The business is held on a secure 10 year lease of which 8 years are remaining. The current rent payable is £45,000 per year

Punch Taverns

Opening Hours
• Mon – Sun 11.30am –11.00pm
• Food served mid-day -2.30pm then 6.00pm – 9.00pm Mon – Sat
• Food served mid–day – 9.00pm Sunday

Business Rates
The business rates payable are: £10,000

The EPC rating is: TBC

Mix of full and part time

The business has a turnover in the region of £460,000 with high gross profit margins

Sales Split
Wet 30%
Food 70%

The business stock value is approximately £10,000
Tenure: Leasehold

Leasehold Term:
The business is held on a secure 10 year lease of which 8 years are remaining. The current rent payable is £45,000 per year

Listed by: Falcon Commercial
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