Local residents David and Pat Sycamore have bought the Olde Market Inn in Holsworthy, Devon, which they intend to run with their son Lee.
The freehouse incorporates a bar, a 20-seat dining room, and a function room with a dance floor that can accommodate up to 40 people.
The property has the potential to be developed as a B&B as it contains eight bedrooms across the main building and a second building to the rear.
Westcountry Commercial Business Agents sold the inn off an asking price of £375,000.
By Angela Frewin