Barley Truro

46 Old Bridge Street, Truro TR1 2AQ

Under Offer
  • Barley Truro
  • Barley Truro
  • Barley Truro
  • Barley Truro
  • Barley Truro
  • Barley Truro
  • Barley Truro
  • Barley Truro

Barley Truro

Stunning Site

The Barley is a superb opportunity with a strong local and tourist trade. Situated close to Truro Cathedral and backing on to the River Allen, the pub is also within a short walk to the main shopping area.

This pub has fantastic potential to grow on the existing food offer. Recently refurbished, all rooms are in good condition throughout and and benefits from a good sized outside decked area looking over the river. With eight en-suite letting rooms, the pub has the ability to accommodate guests wishing to stay in a cosy inn close to the city centre.

Experienced Entrepreneur Required

The ideal lessee should be an experienced operator with a proven track record in running successful outlets in busy tourist areas, of this type. They should have sufficient knowledge of operating a good quality food and letting rooms operation which forms a significant part of the pub's offer, previous catering and hotel experience at this level is preferred.

Pub Features

  • Rolling Tenancy
  • Letting Rooms
  • Catering Kitchen
  • Outdoor Trade
  • Smoking Area
  • Cask Ale
  • Weekly Billing

Trading Area & Facilities

Internally, the pub is split in to several distinct trading areas each supported by one central servery. The main area has a traditional pub feel to it, a perfect place to enjoy drinks with friends. The second trading area is situated within the conservatory and is more focused around food and having a comfortable space to dine away from the main hub of the pub.

The fully equipped commercial kitchen can cater for up to 50 covers. To the rear of the pub there is a large decked area which looks out on to the river and is a great spot to relax and enjoy the Cornish hospitality. The pub does not have a car park, but within a short walk of the pub there is a public car park.

A key part of the business is the eight en-suite letting bedrooms which play a large part in the success of the pub all decorated to a good standard.

Private Accommodation

There is no private accommodation at the Barley.

Premises Licence Details

See premise license for full details.

Premises Licence Opening Hours

Mon Tue Wed Thu Fri Sat Sun
11:00 - 01:30 11:00 - 01:30 11:00 - 01:30 11:00 - 02:00 11:00 - 02:00 11:00 - 02:00 11:00 - 01:30

Financials

Annual Rent £
33,500
Estimated Annual FMOP (Licensee Profit) £
34,934
Representative HEINEKEN UK Brand Discount Per Barrel £
150
Estimated Annual Turnover £
363,918
Estimated Annual Barrelage
156

The above figures are provided as a guide only and will be finalised as part of the commercial agreement (please download the rent model from Trading Information section for full financial details).

Historical volume figures may not include purchases made through 3rd Parties.

** All figures quoted are exclusive of VAT

*** FMOP = Fair Maintainable Operating Profit

Investment

Ingoing Costs
Estimated Licensee Fixtures & Fittings Value £
7,080
Estimated Fixtures & Fittings Valuation Fee £
250
Estimated Stock Valuation £
5,000
Deposit Amount £
8,375
Rent In Advance £
644
Training Fee £
1,000
Estimated Designated Premises Supervisor / Manager Fee £
60
Premises Licence Fee £
350
Rates Assessment Fee £
55
Estimated Legal Fees £
650
Estimated Total Ingoing Costs £
23,464
Estimated Minimum Ingoing Costs £
13,157

In order to ensure a successful start-up, all applicants must have a minimum £10,000 un-borrowed funds.

The Estimated Licensee Fixtures & Fittings (F&F) Value assumes that the pub will be let on a Rolling Tenancy or Business Start-Up Agreement, where we own the majority of the F&F. The F&F Value for Full Repairing & Insuring Leases will be significantly more.

The calculation of the Estimated Minimum Ingoing Costs assumes a minimum deposit of 1 month's rent or £3,000 (whichever is greater) and that fixtures and fittings (F&F) are rented. The subsequent deposit build up and F&F rental costs are not included in the rent model or ongoing costs below.

Other SP&B Ongoing Charges
Estimated Annual Buildings Insurance £
2,041
Estimated Annual Maintenance Compliance Charge £
1,327
Estimated Annual Accountancy & Stocktaking Charge (including tills) £
5,950

The above figures are provided as a guide only and will be finalised as part of the commercial agreement (please download the rent model from Trading Information section for full financial details)

* All figures quoted are exclusive of VAT

** Deposit build up will be payable over a maximum of 24 months

*** Fixtures and Fittings annual rental fee should be estimated at 15% of the F&F value. The actual F&F value will be determined on the day of entry

**** Maintenance Compliance Charge relates to the fees for various statutory inspections

***** Estimated Legal Fees is a charge applied to your account by SP&B for creation of your Lease. You are required to engage and pay for your own solicitor - your solicitor's fees are not included in the above estimate

****** The above figures assume that rent is billed weekly in advance and that Star Pubs & Bars retain ownership of large fixtures and fittings. Initial costs for a Fully Repairing and Insuring lease will be higher as rent is invoiced monthly in advance and all fixtures and fittings must be purchased