FindMyPub.com
Letting Rooms
FindMyPub.com
Restaurant/Dining
FindMyPub.com
Coastal
Property details
The Ship Inn sits on Fore Street in the bustling fishing town of East Looe, approximately 20 miles west of Plymouth. With a population of around 5,500, the town offers a strong local customer base, complemented by high visitor numbers throughout the year. Looe is well connected, with the scenic Looe Valley Railway linking the town to Liskeard, and the A38 just 8 miles away providing access into Cornwall and beyond. The town itself offers a full range of amenities, including shops, schools and a vibrant harbour area that draws tourists year after year.
Located in one of Cornwall’s most popular seaside towns, the Ship Inn benefits from a steady flow of locals alongside significant seasonal tourism, making it a dynamic and rewarding business to operate.
Internally, the Ship Inn provides a spacious, flexible layout centred around an open-plan bar, zoned into distinct areas for dining, drinking and games. The space includes two dining areas, a pool and darts section, and a central bar suitable for both vertical drinking and casual dining, allowing for adaptable day-to-night trading. A well-sized commercial kitchen supports a traditional bar food offer, with clear scope to grow food as a core part of the business. The property also benefits from eight letting rooms, comprising a mix of doubles, twins and singles, offering a valuable additional income stream.
The Ship Inn is positioned on the main street within East Looe and does not currently benefit from external trading space. While there is no beer garden or outdoor seating, the central location ensures strong footfall and visibility throughout the year.
The private accommodation is located at the top of the building and comprises a self-contained flat with two bedrooms, a living room, kitchen and bathroom, offering comfortable living space separate from the main trading areas.
FindMyPub.com
Catering Kitchen
FindMyPub.com
Team Games
FindMyPub.com
Pool Area
FindMyPub.com
Experienced Operator
Trading style
An exciting opportunity has arisen to take on the Ship Inn, a well-positioned and characterful pub in the heart of East Looe. Combining a strong wet-led trade with food and letting rooms, this is a high-energy coastal business with clear potential to grow its food offer and maximise year-round appeal.
There is a clear opportunity to build on this by developing a well-targeted, traditional food offer that complements the existing trade and captures additional spend from both locals and visitors. With the right approach, food has the potential to become a significant growth driver, particularly during peak tourist seasons.
Success at the Ship Inn will come from creating a balanced offer that works year-round, maintaining its reputation as a lively, welcoming pub while introducing a consistent and appealing food proposition. The ability to engage with the local community while capitalising on seasonal demand will be key.
The landlords are seeking a Business Partner who:
- Has the drive to develop a food offer alongside a strong wet-led business
- Can engage with both the local community and visiting tourists
- Understands the seasonal nature of coastal trade
- Is adaptable, hands-on and customer-focused
- Brings energy and ideas to maximise the pub’s full potential
- Previous hospitality experience is beneficial but not essential, with the right attitude and vision being key to success.
Key financials
-
Reference Number:
40I4B4 / STA-PL13
-
Agreement Type:
Tenancy
-
Min Ingoing Cost:
£29,169.00
-
Annual Rent:
£62,675.00
The stated ingoing figures are correct at point of advertising. Please be aware there may be additional costs.
Please note that the Energy Performance Certificate is available from the landlord.
Rent £62,675
Brewery Deposit £15,669
Estimated Working Capital £5,000
Estimated Stock & Glass £8,500
Estimated Fixtures & Fittings £25,000
Estimated Annual FMT Turnover £600,000
Estimated % Turnover:
- Liquor = 65%
- Food = 25%
- Accommodation = 10%