Free House & Restaurant Located In Gorran Churchtown For Sale
One Bedroom Accommodation Above
This stunning Public House & Restaurant is located within a prominent and highly visible trading position in the Cornish village of Gorran. The village is surrounded by campsites and holiday accommodation as well as some of Cornwall's major tourist hot spots to include The Eden Project and the Lost Gardens of Heligan. The fishing village of Mevagissy is close by (2.6 miles), the City of Truro (16 miles), St Austell (10 miles) and Charles Town, famous for many of the scenes from the TV programme Poldark (10 miles).
Leasehold Asking Price: £49,950 plus SAV (5,000)
Gross Profit: £221,248 (59%)
Term: New 15 year (FOT)
Rent: £37,500 pa
Reviewed: 5 yearly
Business rates: £10,419
Veritas Business Sales are delighted to offer for sale this stunning Free House & Restaurant which is located in the Cornish village of Gorran Churchtown. The property dates back as a watering hole since the 1837 and has been in the careful hands of the same family for all of that time and will remain as just the lease is now being offered for sale so that they can enjoy a well deserved retirement. Since ownership they have completely restored, refurbished, redecorated and continually invested in new equipment along with fixtures and fittings which are all bought and paid for and included within the sale price which is a huge plus for any new purchaser as additional funds will not need to be spent for some time. The Barley Sheaf is over seen by the owners and employs the help of 2 full time and 4 part time members of staff as well as seasonal staff and has an annual turnover £373,461 with a GP of £221,248 (59%). Approximately 60% of trade is from wet sales and the remaining 40% comes from food sales where they have built a good reputation for serving fresh fish and local produce. The business benefits from an enormous influx of tourists during the season yet remains busy with the locals off-season. We believe that there is still further potential to increase trade should you wish as the first floor has an excellent function/conference room which benefits from surround sound speakers and a ceiling mounted projection screen. Implementing an advertising & marketing campaign to attract delegates would bolster income or equally the first floor has the potential to be turned into guest letting rooms. This is a superb and rare opportunity to purchase an amazing property which has a great base to build upon and as such early viewing is highly recommended as this is not to be missed.
Monday – Sunday – 12.00pm – 11.00pm
Main Restaurant (7.9m x 8.2m) comprising: tables & chairs to cover (30), menu boards, various pictures, espresso coffee machine (Sanremo), touch screen cash register (Casio), return counter, large wall mirror, dumb waiter and children’s high chair.
Bar/ Lounge (12.3m x 4.4m) comprising: feature fire place with log burner, 2 settees, 2 log stores, various pictures, window seat, tables & chairs to cover (24), large bench seat, 50” wall mounted TV (LG), various bar stools, oak bar counter, wash basin, 3 door under counter drinks fridge (Sterling), 2 touch screen cash registers, glass wash machine (Amika), various shelves and sound system (Sonas).
Through Lounge leading to Games Room (6.1m x 1.8m) with upright piano, table, 2 chairs, 3 book shelves, various pictures, log store.
Games Room (12.01m x 4.2m) comprising: pool table with slate bed and coin mechanism, football table, skittle alley and tables & chairs with seating for (12).
Gents W/C, 3 urinals and wash basin.
Ladies with 2 x W/C, wash basin and wall mounted mirror.
Disabled W/C with baby changing unit and wash basin.
Commercial Kitchen (5.2m x 3.7m) comprising: dual fryer (Lincat), dual fryer (Blue seal), 3 stainless steel prep tables, commercial sink with drainer, wash basin, under counter stainless steel freezer (Blizzard), upright stainless steel fridge, microwave (Panasonic), various stainless steel shelves, 6 burner oven (Electrolux), salamander grill (Blue Seal), combi oven (Rational), various oven trays, potato chipper (sammic), stainless steel shelving system, stainless steel plate warming unit with prep surface, 3 door chiller unit (Tef-Cold), under counter stainless steel freezer (Polar), microwave (Buffalo), small stainless steel table top and stainless steel extraction canopy.
Pot wash area (4.0 x 1.6m) comprising: stainless steel table, commercial stainless steel sink, ice machine (Whirl Pool), dish washer (Electrolux), boiler, wash basin and various stainless steel shelves.
Storage area (3.5m x 1.2m) with various shelving and 2 upright stainless steel freezers.
Cellar (1.7m x 2.7m) with all the usual cellar requirements.
Function Room (4.1m x 13.2m) comprising: 30 chairs, various tables, ceiling projector with screen, various pictures, wall mounted mirror and feature fire place.
Gents W/C with wall mounted mirror and wash basin.
Ladies W/C with wall mounted mirror and wash basin.
Dining Room/Lounge/ kitchen (3.5m x 3.6m).
Double bedroom (4.1m x 3.9m) with en-suite shower, W/C and wash basin.
Office (3.5m x 3.2m) with sink drainer, tumble dryer (Beko and, washing machine (Beko).
External Large garden with tables & chairs to cover (35) Bin Store Car park with parking for (40)