Cornwall - Town Suburbs Free House On Major Approach Road

Town suburbs free house on major approach road
Interconnecting bar areas
Good community sports driven trade
Four bedroomed (all en suite) flat with lounge
Patio and car park
Low overheads and EBITDA in excess of £65,000

REFERENCE - 11912

TENURE - FREEHOLD £330,000 to include fixtures, fittings and goodwill. Stock at valuation in addition. 



For a full detailed brochure, please contact Sidney Phillips.

No direct approach to be made to the business; please direct all communications through Sidney Phillips.
Viewing strictly by appointment only.

The Pendarves Arms occupies a prominent roadside location on the A3047, one of the main approach roads into Camborne when leaving the A38 Camborne bypass.

The property is mid-terrace and built of local stone under a slate roof. It is situated in an area of mature residential housing.

The premises is believed to have been a public house since 1754.

Camborne is within easy reach of the Cornwall coastline and the long, sandy beach of Hayle Towans. The town formerly had a rich history of tin and copper mining which brought great prosperity to the area in the 18th and 19th centuries. Nowadays, Camborne has a population of over 21,000 people and is benefitting from a regeneration initiative which is encouraging new businesses to the area.

TRADE AREAS
Front entrance porch. The BAR comprises three interconnecting sections; the main section being at the front and seating approximately 30. This has a slate walkway with carpet sections, overhead beams, upholstered bench seating, Jacobian style stools and iron framed, polish topped tables. A back SNUG is popular for darts and has a double door, log burning stove. This area seats approximately 12 and also features satellite TV. Rear hallway with access to a slate floor POOL ROOM. LADIES', GENTLEMEN'S AND DISABLED TOILETS with slate floor. Ground floor level refrigerated BEER CELLAR. KITCHEN with quarry tile floor with stainless steel work surfaces and back lining for the cooking appliances.

OWNERS ACCOMMODATION
FIRST FLOOR
A CENTRAL LOUNGE provides access to the FOUR DOUBLE SIZED BEDROOMS, all of which have EN SUITE SHOWER ROOMS. PROPRIETOR'S OFFICE.

EXTERNAL
To the rear of the property is a CAR PARK for approximately 8 vehicles (double parked). Roman brick based PATIO with table and bench sets under a timber constructed smoking solution. Oil tank compound.

In the hands of the current owners since 2012, the Pendarves Arms is a popular free house with a strong sports following, particularly from darts, pool and Euchre teams. The pub also shows BT Sports and is popular with rugby followers.

Profit and loss accounts for the year end 31 March 2024 show an annual net turnover of £163,903, with an EBITDA of £66,651. Further accounting information may be made available to serious parties following a formal viewing.

The business has shown consistant levels of trade, with even Pre-Covid figures showing a net turnover in the region of £120,000 from wet sales and a small amount of machine income. The operation at the Pendarves Arms is structured to be run by a two-person team and consequently is profitable.