Unicorn Porthtowan

Beach Road, Porthtowan, Cornwall TR4 8AD

  • Unicorn Porthtowan
  • Unicorn Porthtowan
  • Unicorn Porthtowan
  • Unicorn Porthtowan
  • Unicorn Porthtowan
  • Unicorn Porthtowan
  • Unicorn Porthtowan
  • Unicorn Porthtowan
  • Unicorn Porthtowan
  • Unicorn Porthtowan

Unicorn Porthtowan

Exciting Opportunity - Gorgeous Beachside Inn!

Located metres from surfing hot spot Porthtowan Beach, this gorgeous pub offers letting rooms and a quality food menu. The surrounding area consists of mature couples and families - however most of The Unicorn's trade happens during the warmer summer months. The pub has three ensuite letting rooms, along with three hostel style dormitories. The full catering kitchen allows for a good quality food menu focusing on local favourites - combine this with a cask ale and cocktail offering and you have the perfect home from home for tourists to the area.

Experienced, Progressive Operator Wanted

Are you an ambitious and forward thinking operator with a passion for service? Using your welcoming manner and high standards, you will provide a world class customer experience to your guests. With support from Star Pubs & Bars, you will grow The Unicorn into a praised pub within the area that sees guests returning year on year.

Pub Features

  • Rolling Tenancy
  • Letting Rooms
  • Function Room
  • Outdoor Trade
  • Private Accommodation
  • Pub Games
  • Weekly Billing

Trading Area & Facilities

Inside, there is a single large main bar area which extends out to a glass atrium in the rear. There is also a separate games room which could be used for functions and private hire. There are six letting rooms on site - three ensuite and three dormitories. The interior design of the pub is in keeping with its beach location - a light airy colour scheme and eclectic furniture.

Externally, the property has two good sized outdoor seating areas. There is car parking available close to the pub.

Private Accommodation

Consists of two bedrooms, bathroom, living room and kitchen. In line with our 'Ready To Trade Promise', should any works be required, we will ensure your private accommodation is in good order so that you can focus your energy on getting the business right.

Premises Licence Details

Please see Premises Licence for more details.

Premises Licence Opening Hours

Mon Tue Wed Thu Fri Sat Sun
09:30 - 00:00 09:30 - 00:00 09:30 - 00:00 09:30 - 00:00 09:30 - 00:00 09:30 - 00:00 09:30 - 00:00

Financials

Annual Rent £
24,500
Estimated Annual FMOP (Licensee Profit) £
25,818
Representative HEINEKEN UK Brand Discount Per Barrel £
125
Estimated Annual Turnover £
406,430
Estimated Annual Barrelage
150

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 £
TBC
Estimated Fixtures & Fittings Valuation Fee £
TBC
Estimated Stock Valuation £
6,000
Deposit Amount £
6,125
Rent In Advance £
471
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 £
14,961
Estimated Minimum Ingoing Costs £
13,407

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 £
2,928
Estimated Annual Maintenance Compliance Charge £
1,481
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