Skip to main content Skip to footer

Pub/bar for sale

£39,950 (£26.63/sq. ft)

The Square, Chasewater, Truro TR4

1,500 sq. ft*
Interested in this property? Call +44 121 721 9902 * or Request Details

* Calls to this number will be recorded for quality, compliance and training purposes.

Property features

  • Well established
  • Vibrant village location
  • Scope to increase food sales
  • Refurbished letting rooms
  • Further potential

Property description

Leasehold Pub, Restaurant & Bed & Breakfast For Sale In Chacewater, Truro, Cornwall
Ref 1081

Location

The Kings Head is located in the vibrant village of Chacewater, which lies approximately 5 miles from the City of Truro which is classed as the hub of the county. Falmouth, Redruth, Camborne, and Newquay are all within easy reach.

Financial information

Asking price: £39,950 plus sav
Turnover: £173,723 net of vat pa
Gross Profit: £112,644
Stock value: £2,000

Leasehold

Punch Taverns full repairing lease
Original term: 10 years
Remaining : 9 years
Reviewed: 10 yearly
Rent: £22,500 plus vat per annum
Rates: £10,000 per annum

Business Description

Veritas Business sales are delighted to offer for sale this respected pub, restaurant and bed & breakfast located in Chacewater. The business has been trading for over 100 years and been in the careful hands of the current owners since 2012. Reluctantly the business is being offered for sale but they feel its time to move on. Since our clients have taken ownership of the business they have continually invested in new fixtures, fittings and equipment which are all bought and paid for and included within the sale price which means any new purchaser will not have to spend any additional funds for some time. The business has an annual turnover of £173,723 with a gross profit of £112,644. Around 60% of turnover is from wet sales, 10% comes from food sales and the remaining 30% of turnover is from the newly refurbished bed & breakfast accommodation. There is a tie on draught beers, bottled beers and ciders with the exception of wines, spirits and soft drinks which are free of tie. This successful concern is currently owner operated and employs the help of 4 part time members of staff. We believe that there is further potential to increase trade by extending the restaurant. The business 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. We consider this a rare opportunity to purchase an established business, which is a great base to build upon and as such early viewing is highly recommended as this superb business is not to be missed.

Opening Hours

Monday – Thursday – Midday – 11pm
Friday – Midday – Midnight
Saturday & Sunday – Midday – 11pm

Ground Floor

Main bar servery to include mahogany counter, 2 under counter bottle fridges, glass washer, sink drainer, coffee machine and cash register.
Bar area comprising: Sofa, 2 arm chairs, bar stools and TV.
Restaurant comprising: Tables and chairs for (30), and a log burner
Kitchen comprising: 6 burner range, grill (Lincat), twin deep fat fryers, extractor hood, stainless steel sink drainer, stainless steel work table, chest freezer (Fridge master), upright fridge (Future), toaster, microwaves x 4, hand wash basin and dishwasher (Caterwash)
Cellar with chest freezer, shelving unit and ice machine
Laundry room with washing machine (Indesit), ice cream fridge, dryer (Hoover), safe and various shelving

Gents W/C, 3 urinals and wash basin
Ladies W/C x 2,2 wash basins

First floor

2 x Double bedrooms with shower en- suites
2 x Double bedrooms

W/C


Shower room with wash basin

Owners accommodation with open plan lounge/bedroom with en-suite bath with shower over, W/C and wash basin
Second floor

2 x Double bedrooms with hand wash basins

External
Front patio area with picnic table seating
Side patrons carpark for (15) and a single story outbuilding
Rear beer garden with mature trees and shrubs


What Zoopla users think of Chacewater

Overall rating:

  • currently 3.5 stars
Good - 70%

Ratings breakdown:

  • currently 4 stars
Community & safety
  • currently 2.5 stars
Entertainment & nightlife
  • currently 4 stars
Parks & recreation
  • currently 2.5 stars
Restaurants & shopping
  • currently 4 stars
Schools & public services
  • currently 4 stars
Transport & travel

Rate Chacewater:

Tell us what you think of this area by rating these categories.
Please note your vote will only be counted once.

Community & safety
  • currently 0 stars
  • 4
  • 1
  • 0
  • 3
  • 2
  • 5
Entertainment & nightlife
  • currently 0 stars
  • 4
  • 1
  • 0
  • 3
  • 2
  • 5
Parks & recreation
  • currently 0 stars
  • 4
  • 1
  • 0
  • 3
  • 2
  • 5
Restaurants & shopping
  • currently 0 stars
  • 4
  • 1
  • 0
  • 3
  • 2
  • 5
Schools & public services
  • currently 0 stars
  • 4
  • 1
  • 0
  • 3
  • 2
  • 5
Transport & travel
  • currently 0 stars
  • 4
  • 1
  • 0
  • 3
  • 2
  • 5

Nearby transport

  • Perranwell (3.4 miles)
  • Redruth (3.5 miles)
  • Truro (4.1 miles)
  • Exeter International Airport (83.5 miles)
  • Cardiff Airport (111.8 miles)
  • Bristol Airport (131.9 miles)
  • Trelisick Ferry Landing (6.3 miles)
  • Tolverne Ferry Landing (6.4 miles)
  • Philleigh King Harry Ferry Landing (6.5 miles)

Nearby schools

View all schools in Cornwall
  • Chacewater Community Primary School (0.1 miles)
  • Blackwater Community Primary School (1.5 miles)
  • St Day and Carharrack Community School (1.9 miles)
  • Callywith College (24.2 miles)
  • EF Academy Torbay (73.2 miles)
  • Exeter Mathematics School (78.6 miles)
  • Carrick Alternative Provision Academy (1.4 miles)
  • Richard Lander School (2.4 miles)
  • Curnow School (3.4 miles)
Note: Distances are straight line measurements

Local info for Cornwall

About the neighbours in TR4

AskMe Q&A for Cornwall

Ask a question

See all AskMe Q&A in Cornwall

* Sizes listed are approximations. Please contact the agent to verify actual sizes.

Arrange Viewing

For more information about this property, please contact
Veritas Business Sales Ltd, B90 on +44 121 721 9902 * (local rate)

Contact Veritas Business Sales Ltd about this property

Enter details
    Morning (8am-noon)
    Afternoon (noon-5pm)
    Evening (5pm-9pm)
  1. Characters remaining: 500
  2. I wish to receive property news, surveys and offers from Zoopla
    I wish to receive offers from Zoopla's chosen property and financial partners

By submitting this form, you accept our Terms of Use and Privacy Policy. When you click 'Send message''Request valuation', we will pass your personal data to the selected estate agents so that those agents can respond to your request for information or to arrange a viewing. valuation request.

Disclaimer

Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Veritas Business Sales Ltd, and do not constitute property particulars. Please contact Veritas Business Sales Ltd for full details and further information. The Running Costs data displayed on this page are provided by Zoopla to give an indication of potential running costs based on various data sources. Zoopla does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.

Properties on the market nearby

8 more properties like this

View all The Square commercial property for sale