Launceston, Cornwall

Freehold Public House/Restaurant & Hotel Located Near Launceston
Owners 2 Bedroom Accommodation
Excellent Reputation
3 Delightful Guest Rooms
Ref 3230

Freehold Asking Price £624,950 plus SAV

Location
This delightful Public House/Restaurant & Hotel is situated in the small rural settlement just off the A30 road connecting Launceston with Bodmin. It operates as a pub, restaurant and small hotel, historically a coaching inn serving travellers and locals in the area. The surrounding area is close to Bodmin Moor, a well known natural landscape in Cornwall. Launceston town centre is (5 miles) away.

Business Description
Veritas Business Sales are delighted to offer for sale this stunning Public House/Restaurant & Hotel which is located near Launceston, Cornwall. This Public house has been a major part of the scenery since 1623 and has been in the careful hands of the current owners for the past 17 years. The business is now being offered for sale so that they can enjoy a well deserved retirement.
Since ownership the property has been completely refurbished 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 business is owner operated with the help of 3 full time and 4 part time members of staff. Turnover for year ending 31st March 2025 was £336,447. Approximately 45% of turnover is wet sales where you have one large bar area offering an extensive range of draft beers, bottled beer, wines, spirits, cocktails and soft drinks. The remaining 55% of turnover derives from food sales where they serve a varied menu to include a very popular carvery, homemade specials which are all freshly prepared to order on site using only the finest locally sourced produce. The business benefits from 3 guest rooms which are all doubles with en-suite bathrooms. Included is spacious owners accommodation.
We believe that the business would thrive on a husband & wife team or experienced food based operators to continue the popular 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 free house which has already benefited from significant investment and is a great base to build upon and as such early viewing is highly recommended as this gem is not to be missed.

Opening Times
Monday – 17:00 – 22:00
Tuesday – Thursday – 12:00 – 23:00
Friday & Saturday – 12:00 – 00:00
Sunday – 12:00 – 18:00

Ground Floor
Main bar area (5.4m x 8.5m) comprising: 6 tables with chairs, various pictures, wall mounted clock, feature fire place, pool table, bench seating, 6 stools, bar with usual dispensing equipment, glass wash machine (Adexa), dual sink, undercounter drinks fridge, various shelves and 2 x undercounter drinks fridge (Cater cool). Restaurant area (10.3m x 4.0m) comprising: 17 tables with covers for (34), feature fire place, various pictures, till, coffee machine (Vitale), usual bar dispensing equipment and various shelves.
Cellar (2.2m x 4.0m) with usual cellar equipment.
Restaurant 2 (7.3 x 4.4m) with 8 tables with covers for (16), various pictures, carvery unit, hot plate with lights and dessert display fridge.
Gents W/C with urinal, wash basin and wall mounted mirror.
Ladies 2 x W/C’s, wash basin and wall mounted mirror.
Kitchen (4.9m x 4.0m) comprising: microwave (Adexa), microwave (Buffalo), upright glass door fridge, stainless wall mounted cupboard, dual door chiller fridge with granite top and salad prep, toaster, commercial warming cupboard, 6 burner oven, griddle (Falcon), one basket fryer, two basket fryer (Lincat), one basket fryer (Adexa), table top grill, undercounter fridge (Indesit), microwave (Beko), wash basin, various shelves, dual sink, airfryer (Ninja), 2x stainless prep tables and dishwasher (Maid-Aid).
Prep kitchen (4.1m x 1.9m) comprising: potato chipper (Bold), 4 door chiller unit (Foster), 2 x stainless steel upright fridges (Foster), microwave (Buffalo), upright fridge, food mixer (Salter), kettle and stainless steel wall mounted cabinet.
Office (2.5m x 2.5m).

First Floor
Storage area (1.5m x 2.2) leading from kitchen comprising: various shelves.

EPC Rating D

First Floor
Accommodation
Bedroom 1 (3.3m x 4.3m) Double with en-suite.
Bedroom 2 (3.5m x 3.1m) Double with en-suite.
Bedroom 3 (3.0m x 5.1m) Double with en-suite.
Laundry room (3.7m x 2.1m).

Owners Accommodation
Double with en-suite (3.1m x 3.5m).
Double with en-suite (3.9m x 4.6m).
Kitchen (6.5m x 2.0m).

External
Garden area with tables and chairs, smoking area and car park for (20) vehicles.