Overview

Could you run this pub in Newquay?

The Cornishman is a beautiful seaside pub located at the heart of Crantock, Newquay. The pub is made up of the main bar and a lounge area where guests can both dine and drink. The pub is well loved by locals for its quality pub grub and drinks offer and is only a five minute walk from the beach so welcomes tourists during the sunny months. The Cornishman is infamous for its live music nights and is the perfect place to enjoy a pint with friends and watch a good day of sports.

The pub boasts a beautiful sun terrace that is an idyllic place to relax after a long day at the beach. The pub also benefits from a large carpark with 20 spaces.

About the local area

Crantock is just four miles from Newquay which houses a range of extremely popular tourist attractions such as Newquay Zoo, not to mention lots of beautiful surf beaches which are really popular for visitors. Crantock also has its own surf beach that is nestled under sand dunes. The coastal footpath skirts all along the west side of the parish which leads to a sandy cove called Porth Joke that is entirely surrounded by National Trust land and has been virtually unchanged over the centuries. Further along the coast path is the village of Holywell, with a larger sandy beach at Holywell

Ideal Operator

This is the perfect opportunity for a couple who want to relocate to the seaside or a Publican who loves to be by the sea. You will need front of house and catering experience as well as experience with running a seasonal pub in a vibrant tourist area.

Accommodation

This fantastic pub opportunity comes with domestic accommodation that consists of two bedrooms, a private kitchen and lounge.

About the agreement

This opportunity is available on our Turnover Lease Agreement, that reflects how your business performs. You pay a fixed rent plus a percentage of your weekly net sales turnover.

  • A 10 year fixed term agreement
  • Fixed base rent & variable turnover percentage
  • Beers, Ales & Ciders tie (equivalent to FOT pricing)
  • Free of tie on wines & spirits
  • 50% machine profit
  • Base rent weekly in advance: Variable rent weekly in arrears – using EPOS
  • Indexation each year – 5 year rent review

Financial Information

Initial Deposit
£6,251
Legal Fees
£750
Fixtures and Fitting Weekly Rent
£35
Street Check
Click Here

Business Information

Annual Rent
£25,002 + 8.5% of turnover
Forecasted Annual Wet Turnover
£290,766
Forecasted Annual Food Turnover
£169,085
Forecasted Annual Other Turnover
£5,758
Agreement
Lease

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