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Westgate Inn Launceston

Pubs & Bars • 21 Westgate Street, Launceston, Cornwall PL15 7AD Management opportunity
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Summary

The Westgate Inn, located in the heart of Launceston, features two distinct trading areas. A lively locals bar offering sports and games, and a comfortable lounge that appeals to both regulars and visiting tourists.

Description

The Westgate Inn, located in the heart of Launceston, features two distinct trading areas. A lively locals bar offering sports and games, and a comfortable lounge that appeals to both regulars and visiting tourists. These separate spaces provide the flexibility for the new publican to introduce their own concepts and shape the character of the pub, both areas are in good condition. The pub has the opportunity to develop a food offering to drive sales, the shared domestic/commercial kitchen is located upstairs. The Westgate Inn has a loyal following and an excellent reputation within the community. The pub is well known for its entertainment programme and its warm and welcoming atmosphere, it continues to attract a wide and varied customer base. If you’re looking for a pub business with character, community, and year-round appeal, the Westgate Inn is the ideal opportunity. Take advantage of our £3k deposit contribution and flexible deal available! Key Features • Two distinct trading areas, allowing for separate concepts • Recent external decoration and signage scheme completed • 4/5 Bedroom spacious private accommodation • Shared domestic/commercial kitchen • Town centre location • £3k deposit contribution Business & Financial Information • Estimated ingoings (upfront): £9,045 • Full deposit: £8,250 • Agreement fee: £795 • Guide rent (weekly): £635 • Guide rent (annual): £33,000 • Forecast turnover (weekly): £510,716 • Forecast turnover (annual): £510,716 Ideal Operator The Westgate Inn offers a fantastic opportunity for both first-time publicans and experienced publicans looking to expand their portfolio or take on a fresh challenge. The pub has previously benefited from a food offering, and there is clear potential to further develop this area to boost revenue. The ideal applicant would be somebody who would flourish in the local community and is keen to put their own stamp on the Westgate Inn. Private Accommodation The private accommodation includes four bedrooms, a kitchen, a bathroom, a lounge, and an office, which could easily be converted into a fifth bedroom if needed. This generous living space makes the property ideal for a large family or for housing staff. Additionally, there is a small outdoor area located just across the road that can be used as a private garden. The accommodation is well-maintained and in good condition throughout. Regional Manager's Thoughts The Westgate Inn offers an excellent opportunity for a new publican to step into an established, ready-made business and become part of the local community. The pub already benefits from a loyal and consistent customer base, giving the new publican a strong foundation to build on. There is potential to grow additional income through developing a food offering. The Westgate Inn is known for its entertainment offering and appeals to all age groups and professions, making it a popular and friendly place to visit. Surrounding Area Launceston, Cornwall, is a charming historic market town that blends traditional English character with a warm, close-knit community. This is an ideal setting for running a pub. With its iconic Norman castle, charming steam railway, and a local museum, there is plenty on offer to attract a steady tourist interest. The Westgate Inn is located in the Tamar Valley in the town of Launceston. The town offers a mix of visitors and locals. Launceston is known as the ‘gateway to Cornwall’, due to the A30 running very close by. Launceston has plenty to offer with stunning views from its surrounding countryside and is ideally situated between Bodmin Moor and Dartmoor National Park. The pub is well situated to visit other nearby places, Exeter, Plymouth, Bodmin, Bude, and Saltash, making this the perfect pub business.

Upfront cost

£9,045
Cost type: Upfront

Key facts

Upfront cost
£9,045
Turnover (annual)
£510,716
Rent
£33,000 (annual)

Location

21 Westgate Street, Launceston, Cornwall PL15 7AD
Location shown at seller’s request for confidentiality. Exact details may be available after enquiry.

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