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TOWN CENTRE SITE

Star Inn

Market Jew Street, Penzance, Cornwall, TR18 2LD

Ingoing Cost: £10,456
Annual Rent: £23,474

Features
Trading style
Key financials

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Restaurant/Dining

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Coastal

Property details

The Star Inn is located in the town of Penzance. The pub is surrounded by shops, food and retail outlets, and mixed housing. The Star Inn was originally built in 1844 and is a wonderful, traditional pub located in the heart of the town on a busy main street. The pub benefits from being located in the heart of a town centre in an area of around 5,880 adults. The customer base is made up of mature adults of mixed incomes, along with tourists to Penzance and the surrounding area.

Trading Area & Facilities:

Main trading area with bar
Split-level trading area
50 internal covers
Pub games zone
Catering kitchen

The private accommodation consists of 2 bedrooms, a living room, a kitchen, and a bathroom.

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Cask Ale

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Catering Kitchen

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Team Games

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Pool Area

Trading style

The potential of this pub lies in developing a good 30/70 food & drinks offer. The site currently has the ability to drive trade via its High Street location, selection of pubs games, such as pool and pub games machines. It offers a selection of a pub classic menu, popular beers, ciders, wines and spirits, and coffees.

Attitude is more valuable than experience. If you’ve got the following, the landlords would love to hear from you.

Understanding of the local community
You know what it takes to build a successful business
You love hospitality and are great with customers
Experience working with food would be beneficial

If this sounds like the incredible pub opportunity you’ve been waiting for, apply today and tell the landlords what you can bring to this pub’s next chapter.

Key financials

Reference Number: 8M9JTW / 0020618101
Agreement Type: Tenancy

Min Ingoing Cost: £10,456.00
Annual Rent: £23,474.00

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.

Annual:

Estimated Annual Turnover £313,875
Annual Rent £23,474

Entry Costs:

Deposit** Deposit build-up from 1 month's rent £5,869**
Estimated Fixtures & Fittings Value** Rented fixtures & fittings deal available £8,000**
Stock Valuation £5,000
Working Capital Required £3,500

Indicative entry costs range from** £10,456 - £22,369

The above figures are provided as a guide only and will be finalised as part of the commercial agreement. All figures quoted are exclusive of VAT.

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