Business Summary

Falcon Commercial are delighted to offer for sale this award winning public house with good sized owner’s accommodation and private balcony which has been established many years and is being offered to the market as the owner’s wish to retire.

The Duke of Cornwall is run by our client with the help of part time staff. It enjoys a turnover in the region of £338,000 per year with a gross profit margin of around 53%. The business has built an excellent local reputation for its friendly welcoming atmosphere as well as for its Euchre, pool teams and popular quiz nights. We feel that this opportunity represents an ideal base on which to build upon. Early negotiations with Falcon Commercial are recommended.

Premises Details

The prominent semi-detached two storey premises benefits from being in a highly visible position just off one of the main roads that runs into the center of Ivybridge. It is surrounded by a wealth of complimentary independent and multiple businesses. There is a public car park opposite. The premises briefly comprise:

Ground Floor

Main bar with fully fitted timber-panelled licensed server and 7 points of dispense. Approximately 60 covers at tables as well as around the bar. Large screen with projection facilities as well as flat screen TV.
Dining/Games room which is a dual function room used as a games room with pool table as well as being laid up as a dining room.
Commercial kitchen with extraction system housing ample stainless steel work surfaces, 2 stainless steel sink units, 6 burner range style oven, double fryer, griddle and grill.
Fully fitted and equipped trade beer cellar/bottle store with refrigerated barrel storeroom
Separate male and female washroom/WC facilities for customers.
First floor private living accommodation

Fully fitted domestic kitchen
Owners lounge
Fully fitted family bathroom/WC with separate shower cubicle
Five bedrooms
Office
Utility room with access to decked patio area

External

Well maintained and furnished courtyard-style public beer garden area to the rear.
Covered smoking shelter.
Barbecue area

Tenure

The business is offered on a 10 year lease of which 3 years are remaining. The rent payable is £32,000.

Property Details