Ref: G4336F - £695,000 - Freehold
(Proof of finance or credit line will be required.)
PROBABLY THE BEST FREEHOUSE ON THE MARKET IN THE WEST COUNTRY WITHIN A LOCALE OF OUTSTANDING HISTORIC SIGNIFICANCE OFFERED AT £695,000 FREEHOLD TO INCLUDE FIXTURES AND FITTINGS, GOODWILL PLUS S.A.V.
- Strong trading foundation of £342,031 inc vat split 47% Wet to 53% Dry cascading to handsome net profits
- Timbered ceilings , exposed granite walls & inglenook log fireplace to Large Lounge Bar (45+ vertical drinkers) & Family Garden Room (25)
- Tasteful and traditional stone holiday cottage or 2nd owners home (Subject to consent)
- Owners comfortable 3 bed roomed accommodation with sea views
- Large beautiful beer garden with outstanding views - timber benches to front
- An ideal private purchase where quality of life style and location are of paramount importance or robust corporate purchase
LOCATION (TR19 7QG)
To quote "a hamlet of granite cottages with a great pub high up on the almost treeless heights just 2 minutes from the wonderful spectacular cliff coastline preserved by the National Trust, a fascinating unspoilt, very Cornish area". The coastal footpath provides a dramatic romantic setting and is just a short stroll from the pub. The area has been well visited by Royalty over the decades and centuries with its old ruins of tin mines, one of which runs out Â½ mile into the Ocean, mystic legends, castles, all of which are preserved by being part of the Cornwall and West Devon World Heritage Site - most inspiring. Ross POLDARK, the lead character in the TV series POLDARK lived in a farmhouse in the VILLAGE of BOTALLACK with the sea as its scenic backdrop. BOTALLACK lies just 7 miles North West of PENZANCE (of the pirate fame) on the B3306, the main road between Lands End and St Ives, between St JUST & PENDEEN. Little has changed in and around the village over the century however the location is now even more well known and popular as a haven for "SURFERS" who flock to nearby sandy surf beaches including SENNEN COVE. Unopposed in the village the pub has become a focal point and "hub" for the local community and the pub has won several awards and has entries within guides such as CAMRA Good Beer Guide, CAMRA Good Food, Guide Taste of the West, Cornwall Good Food Guide, and Alister Airds Good Pub Guide etc. The pub and village are well served by public transport.
PROPERTY DESCRIPTION This is without doubt one of the FINEST FREEHOUSES on the market within The West Country, the property was constructed in the mid 1700's of local granite and is completely detached having pitched roofs. Our clients have run the business for 6 Â½ years and have developed it as a favoured watering hole for walkers on the nearby coastal path, hikers, anglers, returning tourists and within the local community. It is a cheerful friendly pub with a log fire smouldering away within an unusual granite inglenook, comfortable settles, and assorted dark wood furniture, tin mining and old local photographs on stripped stone walls, attractive family extension leading to tables out in the front and pleasant back garden with an owl refuge. The LOUNGE BAR (45 + vertical drinkers) runs into the Family & Garden Room (25) and has a commanding CENTRAL BAR SERVERY with foot rail and high stools. A range of REAL ALE WICKETS not only provide good imbibing for the guests but also atmosphere with this wonderful HOSTELREY. WASH ROOM facilities are to a good standard and there is a fully equipped COMMERCIAL CATERING KITCHEN. The BEER CELLAR is fully chilled and has real ale stillages.
LETTING GUEST COTTAGE Located within the grounds of the pub is a traditional Lodge of granite construction, sleeping 2 guests in comfort either as a twin or a double, furnished to a high standard and comprises of a double bedroom, bathroom with shower, lounge/dining area with colour TV and a fully equipped kitchen with fridge, oven /hob and microwave.
This comprises of 3 bedrooms, lounge, family bathroom and has smashing sea views.
This delightful property also benefits from timber benches to its front aspect and a beautiful Lawn BEER garden to the rear (60) with mature shrubs and plants along with country views. Parking is available for 12 vehicles.
PREMISES LICENSES The business trades on hours of Monday through to Thursday 11am till 11.30pm, Friday & Saturday, 11am till 12.30am and Sunday 11am till 11.30pm. A Personal License will be required and our training associates can assist with this and any other licensed trade training and support required.
We are instructed to offer the property and business for sale as COMPLETELY FREEHOLD.
SERVICES We are advised that the business has mains electric & water connected with mains sewage, central heating by Oil, cooking by LPG. Business Rates payable are £4996 pa
THE BUSINESS We have up to date accounting information which show Sales of £342,031 inc vat on a sales split of 47% Wet to 53% Dry and a GP of 57%. Reconstructed Net Disposable Profits (after depreciation and personal running costs and expenses have been added back) show £64,000 having lived free out of the business. The business is well capable of growing sales to above £400,000 and should with a focus on costs return circa 65+% GP and a Net Disposable profit of 30% of net sales depending on the trading style of a new owner i.e. £100,000 plus Net Profit
THIS IS TRULY A UNIQUE BUSINESS OPPORTUNITY WAITING A NEW DEDICATED OWNER BE IT A PRIVATE INDIVIDUAL OR CORPORATE BUYER TO FULLY CAPITALISE ON THE TRUE POTENTIAL OF THIS EXCITING RARE SITE
Accounts information will be made available to interested parties after viewing.
Our associates ACORN COMMERCIAL FINANCE will be pleased to advise and assist in the purchase of this outstanding business.
The Property was viewed by Graham Allman who will be delighted to discuss the opportunity with you 7 days a week on 07765 251 208.
Viewings appointments can be made via one of GA-SELECT Business Managers on 01530 41 41 40 who can also refer you to experienced solicitors, accountants, and other trade experts.