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Enterprise Inns buys Launceston bar and bistro

24 May 2007 by
Enterprise Inns buys Launceston bar and bistro

Enterprise Inns has bought the freehold on Harveys Bar and Bistro in Launceston, Cornwall, off an asking price of £795,000.

The confidential off-market deal involved complex negotiations by agent Stonesmith of Exeter with tenants Adrian and Sam Harvey and freeholder Philip Warren.

The business, which Enterprise Inns plans to trade as a leased unit, is one of the main pubs in Launceston town centre and supports a range of sports teams.

Wet sales account for 80% of its £470,000-plus annual turnover and it gets through 450 barrels a year.

Harveys comprises two separate buildings that front Church Street and Market Street. They include a 40-seat main bar, a restaurant and conservatory that can seat another 28 customers, and a sports bar. The conservatory to the rear leads to a 24-seat trade patio.

The Church Street building also contains a two-bedroom apartment, while the Market Street property has a two-bedroom first-floor flat.

By Angela Frewin

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