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The Mariners Falmouth

Pubs & Bars • 4 Grove Place, Falmouth, Cornwall TR11 4AU Management opportunity
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Summary

A large pub with a nicely-presented bar overlooking the docks and Falmouth Bay. The main bar has a traditional feel and was recently refurbished.

Description

A large pub with a nicely-presented bar overlooking the docks and Falmouth Bay. The main bar has a traditional feel and was recently refurbished. The rear bar area hosts a pool table and looks out onto the rear garden area. There is a grassed garden area with tables for drinking. Downstairs there is a small meeting room which could seat up to twenty people. The Mariners is traditional and sophisticated throughout with a main bar area, it is complete with modern upholstered bar stools and wooden tables and chairs. Throughout the main bar area into the lounge there is room for up to 50 guests and next door there is a comfortable games room which includes a pool table. The trade kitchen is well equipped and includes great facilities such as stainless steel tables and appliances, a store room, and a pot wash area. There is a second bar located downstairs which has been used as a meeting room in the past, with seating for up to 20 people. The pub also features an impressive 10 en-suite letting rooms available upstairs, adding an extra revenue stream. A large patio area to the front of the pub looks out over the scenic views of the harbour and marina complex. There are several tables and chairs for customer use. There is a lawned beer garden to the rear of the building that can be easily accessed via the main bar offering customers a relaxing spot away from the bustle of Falmouth. Ever dreamt of being your own boss, running a thriving pub, and shaping a vibrant community hub? Partnering with Stonegate, the UK's largest pub company, makes that dream a reality. We offer the best of both worlds: self-employment with the unwavering support of a dedicated team, from regional managers to a network of experienced publicans in your region. From free BII membership to unlock industry insights, to a diverse portfolio offering the perfect pub for your vision, Stonegate empowers you to maximize endless profit opportunities. Plus, our flexible tenancy agreements ensure you have the control you need to succeed. Key Features • The pub is ideally located in the waterfront area, adjacent to the main car park, and features 10 letting rooms. It boasts a catering kitchen on the lower level, complete with a food hoist that leads up to the main bar. Additionally, there is one-bedroom private accommodation, perfect for a couple.   Business & Financial Information • Estimated ingoings (upfront): £13,795 • Full deposit: £13,000 • Agreement fee: £795 • Guide rent (weekly): £1,000 • Guide rent (annual): £52,000 • Forecast turnover (weekly): £511,056 • Forecast turnover (annual): £511,055 Ideal Operator This site requires a proficient lessee to fully realize its potential. The ideal candidate should have expertise in every aspect of the business, encompassing food service, beverage sales, and accommodation. Due to its location, the business undergoes seasonal variations, which need to be skillfully handled to guarantee success throughout the year. Private Accommodation The private accommodation includes a bedroom, a lounge, and a private bathroom. Additionally, there is a kitchen designated for staff use and the main commercial kitchen. Regional Manager's Thoughts The Mariners, situated in the bustling centre of a vibrant Cornwall town, enjoys robust local patronage and offers popular pub games like pool. Recently, the pub expanded to include 10 well-appointed rooms. There's potential to enhance the food service, which could significantly boost sales. The success of this venture hinges on the leadership of a seasoned publican with experience in managing high-traffic establishments. Surrounding Area Falmouth is a popular coastal town in Cornwall. Its beautiful unspoilt beaches and scenery are extremely popular with tourists. The Mariners is surrounded by residential properties and retailers seeing a large volume of passers-by each day; it also benefits from being situated under a mile from the main marina front. There are two English Heritage properties under two miles from the pub; Pendennis Castle and St Mawes Castle which also attract visitors to the area.

Upfront cost

£13,795
Cost type: Upfront

Key facts

Upfront cost
£13,795
Turnover (annual)
£511,055
Rent
£52,000 (annual)

Location

4 Grove Place, Falmouth, Cornwall TR11 4AU
Location shown at seller’s request for confidentiality. Exact details may be available after enquiry.

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