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Renowned Cornish Country Inn, Hotel & Restaurant in Tintagel with 9 Letting Rooms in 6 Acres for Sale

Tintagel, Cornwall
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Renowned Cornish Country Inn, Hotel & Restaurant With 9 Letting Rooms & Set In 6 Acres Photo 1
Renowned Cornish Country Inn, Hotel & Restaurant With 9 Letting Rooms & Set In 6 Acres Photo 2
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Renowned Cornish Country Inn, Hotel & Restaurant With 9 Letting Rooms & Set In 6 Acres Photo 4
Renowned Cornish Country Inn, Hotel & Restaurant With 9 Letting Rooms & Set In 6 Acres Photo 5
Renowned Cornish Country Inn, Hotel & Restaurant With 9 Letting Rooms & Set In 6 Acres Photo 6
Renowned Cornish Country Inn, Hotel & Restaurant With 9 Letting Rooms & Set In 6 Acres Photo 7
Renowned Cornish Country Inn, Hotel & Restaurant With 9 Letting Rooms & Set In 6 Acres Photo 8
Renowned Cornish Country Inn, Hotel & Restaurant With 9 Letting Rooms & Set In 6 Acres Photo 9
Renowned Cornish Country Inn, Hotel & Restaurant With 9 Letting Rooms & Set In 6 Acres Photo 10
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Renowned Cornish Country Inn, Hotel & Restaurant With 9 Letting Rooms & Set In 6 AcresRenowned Cornish Country Inn, Hotel & Restaurant With 9 Letting Rooms & Set In 6 AcresRenowned Cornish Country Inn, Hotel & Restaurant With 9 Letting Rooms & Set In 6 AcresRenowned Cornish Country Inn, Hotel & Restaurant With 9 Letting Rooms & Set In 6 AcresRenowned Cornish Country Inn, Hotel & Restaurant With 9 Letting Rooms & Set In 6 AcresRenowned Cornish Country Inn, Hotel & Restaurant With 9 Letting Rooms & Set In 6 AcresRenowned Cornish Country Inn, Hotel & Restaurant With 9 Letting Rooms & Set In 6 AcresRenowned Cornish Country Inn, Hotel & Restaurant With 9 Letting Rooms & Set In 6 AcresRenowned Cornish Country Inn, Hotel & Restaurant With 9 Letting Rooms & Set In 6 AcresRenowned Cornish Country Inn, Hotel & Restaurant With 9 Letting Rooms & Set In 6 AcresRenowned Cornish Country Inn, Hotel & Restaurant With 9 Letting Rooms & Set In 6 AcresRenowned Cornish Country Inn, Hotel & Restaurant With 9 Letting Rooms & Set In 6 AcresRenowned Cornish Country Inn, Hotel & Restaurant With 9 Letting Rooms & Set In 6 AcresRenowned Cornish Country Inn, Hotel & Restaurant With 9 Letting Rooms & Set In 6 AcresRenowned Cornish Country Inn, Hotel & Restaurant With 9 Letting Rooms & Set In 6 Acres
  • Status

    SOLD / WITHDRAWN

  • Date Submitted:

    25/07/23

  • Advert ID

    517132

  • Reference

    4841 / Rightbiz

  • Call Agent:

    Registered members »

  • Leasehold: £99,750 (Stock at valuation)
  • Rent: £52,000
  • Turnover: £503,000 (£9,673 Per week)
  • Net Profit: On request

Key Features

  • Accounts Available
  • Retirement Sale
  • New Lease
  • Fully Fitted
  • Established Business
  • Close to Local Amenities
  • Attractive Business
  • Prime Location
  • With Car Park
  • Unique Business
  • High Turnover
  • Free of Tie Leasehold

Business Details

Renowned Cornish Country Inn, Hotel & Restaurant With 9 Letting Rooms & Set In 6 Acres

THE PROPERTY
The Mill House Inn is an attractive and particularly impressive character property, with origins reputedly dating back to 1760, and originally a corn mill. The Mill House Inn is a substantial period property which has been much improved and extended in recent years and is renowned for its ambiance, character and warmth and an abundance of charm and character, within a superior and purpose equipped trading environment. This exceptionally high-quality destination country inn, restaurant and function venue briefly comprises: - Main Bar (20 ), Dining Room (30), Restaurant/Function Suite a versatile multipurpose room (100 ), Guest Lounge, Quality Commercial Catering Kitchen with extensive back up facilities and additional service areas, 8 Ensuite Letting Bedrooms and a 1 Bedroom Letting Cottage. Externally, The Mill House is set in approximately Six Acres within a tranquil wooded valley. To the front is an attractive Raised Paved Beer Garden with a large timber Gazebo offering seating for around 80 customers. There are also Customer Car Park Areas to the front and rear for 60 vehicles. The Mill House is undoubtedly a very special business and is a successful and popular country inn, which provides a substantial and impressive income, set in an extremely sought-after part of the South West. A viewing is strongly recommended in order to fully appreciate all that this rare and unique opportunity has to offer.

SITUATION 
The Mill House Inn is a stunning and renowned country inn with rooms, restaurant and a function room, nestled in its own splendid, wooded valley a few minutes away from the beach at Trebarwith Strand, on Cornwall's popular north coast. Situated between the popular tourist haunts of Tintagel and Port Isaac, the business is an ideal base for guests to explore north Cornwall and its fantastic surfing beaches, coastal footpaths, and some of Cornwall's finest scenery. With good access to the A39 and A30 main roads, provide access to the rest of Cornwall and beyond.

INTERNAL DETAILS
RECEPTION AREA/GUEST LOUNGE with wood burning stove, slate flooring, comfy sofas and a reception desk. 
MAIN BAR an attractive character room with slate flooring, heavily beamed ceiling, painted stone walls, pool table area and a range of comfy sofas, freestanding tables and chairs comfortably seating 20 customers. 
BAR SERVERY with associated back bar fittings to include display shelving, two glass fronted bottle fridges, EPOS touch screen cash register and Maître D system with printer link to the kitchen.
DINING ROOM another attractive character room with solid wood flooring, heavily beamed ceiling, feature woodburning stove (disused), and a range of free-standing tables and chairs comfortably seating 30 customers. 
RESTAURANT/FUNCTION SUITE a versatile multipurpose room which was purpose built in 2008. An attractive and spacious modern room with vaulted ceilings and exposed beams, solid wood flooring with underfloor heating, free-standing tables and chairs comfortably seating 100 customers. 
BAR SERVERY with associated back bar fittings, wine fridge, glass washer, under counter fridge, EPOS touch screen cash register and Maître D system with printer link to the kitchen.
LADIES, GENTS & DISABLED WC's. 
COMMERCIAL CATERING KITCHEN with non-slip flooring, wipe clean clad walls being fully equipped to an exceptionally high standard with an extensive range of commercial catering equipment to include:- extractor system with steel canopy over and gas interlock system, Bulls Eye range, six burner range, Rational combi-oven, warming cupboard with serving gantry and warming lamps over, 4 door under counter commercial fridge, 3 door under counter commercial fridge, 2 door under counter commercial fridge with a saladette over, twin table top deep fat fryers, single table top deep fat fryer, wall shelving, stainless steel work benches with shelving below, 2 deep bowl sink units, commercial pass through dishwasher with tray slide. 
WALK IN FRIDGE
2 DRY GOODS STORES
FREEZER STORE with 1 upright freezer and 2 chest freezers.
2 STAFF WC's
BEER CELLAR temperature controlled.
BOTTLE STORE
OFFICE
WAITRESS STATION/SERVERY AREA with stainless steel preparation work surfaces, upright fridge, commercial coffee machine, filter coffee machine, hot water still, 2 sink units. 
BREAKFAST KITCHEN with extractor system with stainless steel canopy over, 6 burner gas range, hotplate, 2 under counter fridges and an eye level grill.

LETTING ACCOMMODATION
The business offers 8 ensuite letting bedrooms and a detached 1 bedroom letting cottage. The letting bedrooms are tastefully furnished and include digital tv, hairdryers and hospitality trays. The characterful rooms briefly comprise: - 
BEDROOM ONE a Superior Double Bedroom with an Ensuite Bathroom. 
BEDROOM TWO a Standard Double Bedroom with an Ensuite Shower Room. 
BEDROOM THREE a Standard Double Bedroom with an Ensuite Shower Room.
BEDROOM FIVE a Superior Double Bedroom with an Ensuite Bathroom. 
BEDROOM SIX a Standard Double Bedroom with an Ensuite Shower Room.
BEDROOM SEVEN a Standard Twin Bedroom with an Ensuite Shower Room.
BEDROOM NINE a Family Room to sleep 5 with two interconnecting bedrooms and an Ensuite Bathroom.
BEDROOM TEN a Superior Double Bedroom with an Ensuite Bathroom.
MILL COTTAGE a Superior Letting Suite with open plan Lounge and Kitchenette, Double Bedroom and an Ensuite Bathroom.

EXTERNAL DETAILS
The property is set in approximately SIX ACRES of its own Wooded Valley and Grounds. To the front is the MAIN CUSTOMER CAR PARK with a driveway leading to an ADDITIONAL CUSTOMER CAR PARK to the rear, with space for 60 vehicles. Also to the front is an attractive RAISED BEER GARDEN with Patio Terraces and a Large Timber Gazebo with traditional wooden benches providing seating for 80 customers. There are also various useful OUTBUILDINGS and STORE AREAS.

THE BUSINESS
The Mill House Inn is a renowned and highly successful country inn, restaurant and function venue which exudes character and is equipped and furnished to an extremely high standard throughout. This is a stunning destination pub restaurant with letting rooms, being well presented and having been substantially extended around 15 years ago to create a purpose equipped modern contemporary restaurant and function suite, with spacious and comprehensively equipped commercial catering kitchens and associated ancillary facilities. The business provides an exceptional trading environment equipped with an extensive inventory of trade fixtures and fittings. The Mill House Inn is a long established and popular multifaceted licensed business as a inn with letting rooms, restaurant and a function venue. The business attracts trade from the surrounding villages and towns, as well as further afield, benefitting from day trippers, tourists, holiday makers and visitors to the area, year round. The inn provides flexibility for drinking, dining and function trade with the added advantage of the extensive outside seating area, which is extremely popular in the summer months. The Mill House Inn benefits from its own website   which includes further background information and drone footage. The letting rooms are listed with booking.com and the business is also listed with the AA and the business has been awarded a Travellers Choice Award from Trip Advisor. The Mill House Inn has built a fantastic reputation for quality food and accommodation and consequently enjoys impressive levels of regular repeat trade. The sale of The Mill House Inn represents a tremendous opportunity to purchase a well-regarded destination country inn and restaurant with consistently strong levels of trade, the likes of which seldom come to the market.

CURRENT STAFFING
The business is run with a full complement of staff to include 2 full time chefs, a part time breakfast chef, 2 full time bar/front of house managers and various part time and casual members of staff, as and when trade dictates.

TRADING INFORMATION
Accounts for the year ending 31st December 2022 show sales in the order of £503,000 net of VAT with a gross profit in the order of £325,000. The advised split of trade is 43% food sales, 30% wet sales, 27% accommodation and other sales.

POTENTIAL
Our client advises that there is potential and opportunities to develop many aspects of the business still further and for future growth in trade, particularly by introducing an all-day food service, especially during the busy summer months. There are also opportunities to promote the wedding and function business and to build upon the impressive levels of trade and reputation that have already been established. There is also the opportunity to utilise the Mill Cottage as owner's/managers accommodation.

EPC
D - 81.

SERVICES
We have been advised that the property is connected to mains electricity, private drainage, mains and private water. LPG is used for cooking and partial heating and oil is used for hot water and partial heating.

PRICE & TENURE
£99,750 for the valuable FREE OF TIE leasehold interest as a going concern business. Stock at valuation. The business is available by way of a new 15 year free of tie lease on full repairing and insuring terms. The commencing rent is £52,000 per annum with rent reviews every 3 years. Full terms to be agreed, please contact us for further information.

TRANSFER OF A GOING CONCERN
The sale of the property includes the goodwill of the business and trade inventory and will be subject to Transfer of Undertakings (Protection of Employment) regulations (TUPE).

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Stay Safe

Don't share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.

Stay Safe

The vast majority of these scams involve the transfer of substantial sums of money. We advise all transactions made are through a solicitor to prevent fraudulent activities from occuring.

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Send a test amount before you consider handing over a large number of funds. Maybe even try transferring £1, and then speaking to your solicitor to confirm receipt.

Stay Safe

Do not disclose proof of funds directly to the sellers. If the sellers request you to show proof of funds, we advise that it is done through a solicitor to prevent fraudulent activities from occuring.

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Buying a business is not covered by consumer rights legislation. It is your responsibility to acquire a business that holds up in quality and agreement.

Stay Safe

Fraudsters will typically use false news in an attempt to get you to act quickly. For example, 'Your account has been disabled. Reset your password now.'.

Stay Safe

Review the performance of a business to make appropriate financial projections. Some businesses are dormant or not trading, so it is essential to check their short and long-term potential.

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Legitimate emails from Rightbiz will be with the domain @rightbiz.co.uk. However, emails from [email protected], [email protected] or [email protected] are not affiliated with Rightbiz.

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