Freehold Public House Located In Launceston, Cornwall | | Launceston Cornwall | | Public House Nr Launceston, Cornwall A/T: £300,000 GP: 60% Stunning Location. Immaculately Presented. Enviable Reputation. Scope to Increase T/O. | | BUSINESS FOR SALE ADVERT DETAILS ADVERT NUMBER : 24187
ADVERT IMPRESSIONS : 36,624 TIME(S) | | | | BUSINESS SECTOR: | Hotels / Pubs / Accom | | TRADE TYPE: | Pubs | | SALE: | Agent Sale | FREEHOLD: | £740000 + SAV | | | | | | | | | | Add this business advert to your: | | | | | | | | | | | | | | | BUSINESS DETAILS: | Bag a business is pleased to offer for sale this thriving village inn with three en-suite letting rooms, which dates back over 300 years and was a former village school. The Racehorse Inn has been under the proud ownership of our clients since 2003, during which time it has undergone extensive refurbishment carried out to a very high standard. It is now only being offered to the market due to ill health. This thriving business is run with help from a dedicated team of 17 part-time members of staff (average weekly wage bill £900) and achieves an annual turnover of £300,000, whilst enjoying a gross profit in the region of 60%. The Racehorse Inn has built up an excellent reputation for its delicious home made food, friendly atmosphere and exceptionally well presented letting rooms. We feel that this turnkey opportunity represents an ideal base for a new owner to build upon and urge early viewing of this immaculately presented village inn.
The Racehorse Inn is situated in the heart of the popular and pretty Cornish village of Northill, which is on the eastern edge of Bodmin Moor close to the foot of Hawks Tor. It draws its trade from the village as well as from people who live further afield. Nearby is the town of Launceston, which contains a good selection of shops, schools and some excellent leisure facilities. The town sees a distinct increase in the number of visitors during the summer months as holidaymakers flock to the area. Launceston is the ancient capital of, and acknowledged gateway to, Cornwall, it is located one mile from the Devon/ Cornwall border, in an area of considerable beauty and charm with easy access to both north and south coasts as well as to the cities of Exeter, Plymouth and Truro. It sits astride the A30, which gives it excellent links as the A30 connects with the M5 motorway.
FINANCIAL DETAILS
W/T: £5,770 approx.
GP: 60% approx.
OPENING HOURS
MonL 6.30pm - 11.00pm
Tues - Sun: 12.00pm - 3.00pm then 6.30pm - 11.00pm
ACCOMMODATION DETAILS
Well presented two-storey premises. Briefly comprising:
GROUND FLOOR
Entrance porch
Main lounge bar with 40 covers
Restaurant with 32 covers
Well equipped commercial catering kitchen with extraction system
Preparation room
Ladies toilet
Gents toilet
Disabled toilet
FIRST FLOOR
Family room with en-suite
Double bedroom (as twin) with en-suite
Double bedroom with en-suite bathroom and shower
Owners accommodation
Double bedroom with en-suite bathroom
Dressing room
Lounge
Study
EXTERNAL
Main decking area with 40 covers
Second decking area with 8 covers
Car park for 30 cars
Garden
TENURE
Advised freehold | | | | | | FOR SALE | | | | | REFERENCE: | 10779 / RightBiz | | | | | | Request more information about this business.. | | ENQUIRIES: | | | | CONTACT SELLER TO GET THE SELLERS DIRECT CONTACT DETAILS AVAILABLE TO MEMBERS ONLY | | | | | | | | | | | |
