COULD YOU RUN THIS PUB IN NEWQUAY?
The Cornishman is a beautiful seaside pub located at the heart of Crantock, Newquay. The pub is made up of the main bar and a lounge area where guests can both dine and drink. The pub is well loved by locals for its quality pub grub and drinks offer and is only a five minute walk from the beach so welcomes tourists during the sunny months. The Cornishman is infamous for its live music nights and is the perfect place to enjoy a pint with friends and watch a good day of sports.
The pub boasts a beautiful sun terrace that is an idyllic place to relax after a long day at the beach. The pub also benefits from a large carpark with 20 spaces.
This fantastic pub opportunity comes with domestic accommodation that consists of two bedrooms, a private kitchen and lounge.
ABOUT THE LOCAL AREA
Crantock is just four miles from Newquay which houses a range of extremely popular tourist attractions such as Newquay Zoo, not to mention lots of beautiful surf beaches which are really popular for visitors. Crantock also has its own surf beach that is nestled under sand dunes.
The coastal footpath skirts all along the west side of the parish which leads to a sandy cove called Porth Joke that is entirely surrounded by National Trust land and has been virtually unchanged over the centuries. Further along the coast path is the village of Holywell, with a larger sandy beach at Holywell.
THIS PUB MAY SUIT
This is the perfect opportunity for a couple who want to relocate to the seaside or a Publican who loves to be by the sea. You will need front of house and catering experience as well as experience with running a seasonal pub in a vibrant tourist area.
ABOUT THE AGREEMENT
Our Tenancy agreements vary between 3 – 5 years offer a flexible approach to running your own pub business. Your pub will be ready to trade, with carefully tailored food and drinks menus in place which you can evolve as you go along.
You will receive a high level of support and everything you need to run a successful business. From the beginning, you will have dedicated Punch Operations Manager, plus access to training and development, business planning, operations and accounting expertise.
Once you’ve completed the 5-day induction course we’ll provide you with ongoing support to help you maximise the efficiency, sales and profitability of your pub. This includes helping you decide on the right drinks offer, guidance on margin and support creating a marketing plan to build for continued success. To help market your pub, we also offer lots of support and advice.
Punch Tenancy agreements have shared repairs liability, we will help you manage your ongoing repairing obligations. We do this by operating a repairs and maintenance fund for all new agreements.
* The calculation of the initial Ingoing Costs assumes a minimum deposit (£3,000 or £6,000) plus legal fees. The subsequent deposit build up (if any) will need to be paid over 52 weeks. This can be discussed with the recruitment team or Punch Operations Manager.
• Full Deposit - £6,000
• Rent - £308 PW
• Initial Ingoing’s* - £6,750
• Legal Fees - £750
• Maintenance Fund Per Week - £40
• Working Capital – £2000 - £4,000
• Annual Rent - £15,994
• Forecasted Annual Wet Turnover - £160,311
• Forecasted Annual Food Turnover - £62,423
• Forecasted Annual Other Turnover - £1,729
• Weighted Discount Per Barrel - £131
• Agreement – 5 Year Tenancy
PLEASE FILL IN THE ENQUIRY FORM BELOW FOR MORE INFORMATION
The Cornishman, Crantock, Langurroc Road, Newquay TR8 5RB, UK