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Leasehold Pub With Restaurant And Inn In Gweek For Lease

Gweek, Cornwall
Asking Price:
£129,950 Furniture / Fixtures included
Sales Revenue:
£580,000
Cash Flow:
Available on request

Established Pub/Restaurant & Inn located in the Cornish village of Gweek. High turnover business with further potential. Comes with 4 en-suite letting rooms and separate owners accommodation. Large beer garden & car park.

Veritas Business Sales are delighted to offer for sale this stunning Public House/Restaurant & Inn which is located in the Cornish village of Gweek. The property has been a major feature in village for many years and has been in the careful hands of the current owners for the past 14 months. The business is now being offered for sale due to unforeseen personal reasons. Since ownership the property has been kept in good order and there has been continual investment 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 Black Swan is owner operated and employs the help of 6 full time and 6 part time members of staff and has an annual turnover of £580,000. Approximately 40% of turnover comes from wet sales where you have one large bar area offering an extensive range of ales, wines, spirits, cocktails and soft drinks. Room income is approximately 31% of turnover where you have 4 en-suite guest bedrooms equipped with central heating, colour TV’s and tea & coffee making facilities. The remaining 29% of income comes from food sales where they serve a varied menu to include home made specials which are all freshly prepared to order on site using only the finest locally sourced produce. We believe that the business would thrive on a husband & wife team or experienced food based operators to enhance the food sales. The business already enjoys a strong reputation within the local community and beyond and as such has a high level of regular and repeat trade along with many visiting tourists. This is a superb opportunity to purchase a business that has already benefited from significant investment which is a great base to build upon and as such early viewing is highly recommended as this gem is not to be missed.

Property Information

Property:

Leasehold

Lease Terms:

Original term: 10 years
Term remaining: 5 years 6 months
Rent: £46,000 pa
Reviewed: 4 yearly
Business rates: £18,000

Leasehold Rent:

£46,000 per annum

Living Accommodation:

Owners Accommodation (separate access) Double bedroom Shower room Lounge/ kitchen

Location:

The Black Swan is located in the village of Gweek in the south east of Cornwall at the head of the Helford river. The village is best known for being the home of the National Seal Sanctuary and is also an area of outstanding beauty. The village is very popular in the summer months with visiting tourists and is positioned 3 miles east of Helston and 11.5 miles south of Falmouth. The Cornish city of Truro is 15 miles away and is on the main commuter train line from Penzance to London.

Premises Details:

Ground Floor
Entrance to the guest rooms Lounge Bar (11.8m x 4.3m) comprising: tables & chairs to cover (28), menu boards, various pictures and log burner with feature fire place.
Bar/Snug (6.9m x 4.2m) comprising: pool table with ceiling lights, wall mounted 40” TV (LG), 2 tables, menu boards and 10 bar stools.
Bar comprising: glass washer (Sammic), 2 under counter drinks fridges (Gamko), wash basin with drainer, usual drinks coolers, various shelving, 2 cash registers (Ipos) and coffee machine.

Restaurant (9.5m x 3.7m) comprising: tables and chairs to cover (30), various pictures, oak beams, Cornish stone walls and slate tiled flooring.

Gents W/C with 2 urinals and wash basin. Ladies W/C with wash basin and wall mounted mirror.
Cellar with all the usual cellar requirements.

Ground Floor
Commercial kitchen (6.5m x 5.2m) comprising: stainless steel 4 door chiller unit, toaster, stainless steel microwave, upright white fridge freezer (Blizzard), stainless shelving system, stainless steel oven tray stacking system, combi oven on stand (Lainox), under counter freezer (Beko), salamander grill (Lincat), griddle (Lincat), 6 burner oven (Masterchef), stainless steel prep table (Vogue), 2 dual fryers, microwave oven (Amana), 4 door chiller unit with salad prep display, large extractor unit, sink with drainer, various kitchen utensils, large stainless steel centre table with hot lamps and upright stainless fridge (polar).

Prep kitchen (5.2m x 3.0m) comprising: stainless steel shelving system, 2 stainless steel prep tables, ice machine (Maidaid), potwash machine (DC), wash basin, commercial sink with drainer, upright white fridge(Lec), upright freezer (Matsui) and various shelving.
Storeroom (4.5m x 4.7m) with various shelves, washing machine (Hoover) and 4 chest freezers.
Cellar (4.2m x 4..2m) with all the usual requirements
Log store

First Floor
Accommodation
Room 1 Mulberry (4.5m x 4.5m) King size with en-suite and dual aspect windows.
Room 2 Blackberry (3.7m x 3.4m) Double with en-suite.
Room 3 Raspberry (4.6m x 3.1m) King size with en-suite
Room 4 Gooseberry (3.7m x 3.4m) King size with en-suite
All rooms come with flat screen TV and Tea & Coffee making facilities

Office (2.8m x 2.8m) with desk, chair and various shelving.

External
Large rear beer garden with 9 picnic tables
Front seating with 7 picnic tables
Smoking shelter
Car park with parking for (50)

Energy Performance Rating:
D

Business Operation

Trading hours:

Monday – Sunday – 11.00am – 11.00pm

Other Information

Inventory / Stock value:
£5,000

Contact Information

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