Chef Led Pub and Restaurant With Two Flats, Torpoint, Cornwall

Overview

Woogies at the Carew Arms is a well-established, chef-led pub and restaurant in the village of Antony, near Torpoint, Cornwall, offered for sale together with the valuable benefit of two rented residential flats producing a steady income alongside the trade. The business has been run by the current owner for the past seven years, and the premises have traded as a pub for considerably longer, giving the site genuine standing in its community.

The kitchen is led by the owner, a chef by trade who trained at university before studying in France and Italy, and the quality of the food offer sits at the heart of the business's strong local reputation. Her partner runs front of house, supported by two part-time staff, and the business can comfortably be run by a team of three or four people.

With a turnover of approximately £242,796, a net profit of approximately £79,000 and additional rental income from the two flats, this is a genuinely profitable lifestyle business with substance. Buyers should note that the current trading name is retained by the seller and does not transfer, so the business will trade under a different name after completion.

Business Highlights

- Turnover approximately £242,796
- Net profit approximately £79,000
- Two residential flats let at £1,450 and £1,000 per month, all bills included
- Chef-led kitchen with a strong local reputation
- Run by the current owner for seven years
- Lean operation, easily run by a team of three or four
- Stock available in addition at valuation

The Business

The business operates as a pub and restaurant with a chef-led kitchen. The owner personally leads all the cooking, bringing formal training and experience gained in France and Italy, while her partner manages front of house. The combination of a quality food offer and a traditional pub setting has earned the business a really good name locally, with consistent trade built on its established following.

The two residential flats above provide a reliable secondary income stream. Previously let through Airbnb, the flats are now let on six-month agreements with all bills included, which the owner has found far easier to manage and which deliver steady, predictable income month after month.

Location

The business is located in Antony, a village close to Torpoint in Cornwall. It occupies an established position within its village community and has built its trade around a loyal local following over many years, in one of the UK's most popular counties for hospitality operators.

Premises & Tenure

The premises comprise the pub and restaurant together with two self-contained residential flats, held on a leasehold basis. The trading areas are fitted out for food and drink service, with a kitchen equipped for the chef-led menu, including ovens and fryers, and a furnished front of house.

Financial Overview

The headline trading figures are as follows:

- Turnover: approximately £242,796
- Net profit: approximately £79,000
- Flat rental income: £1,450 and £1,000 per month, all bills included

Growth Potential

There is clear scope for an incoming owner to build on the established trade:

- Turnover has previously been higher, at around £300,000, suggesting headroom within the existing operation
- The flats were previously let through Airbnb, and short-term letting could be revisited for a higher-yield model
- The lean staffing structure gives a new owner flexibility to expand the team and extend the operation
- A fresh trading identity gives an incoming owner a clean platform to market the business in their own style

Reason for Sale

The sale is due to emigration. The owners are relocating abroad to be closer to family, and the business is offered from a position of healthy trading.

Next Steps

This is an attractive opportunity to acquire a profitable, chef-led pub and restaurant with two income-producing flats in a Cornish village setting. It would suit an owner-operator, a chef seeking their own venue, or a couple looking for a lifestyle business with real substance. Early enquiry is strongly recommended. Full details are available in the Information Memorandum.

• Growth Potential
• Highly Regarded
• Impressive Profits
• Loyal Customer Base
• Staff In Place
• Well Established