Impressive high turnover roadside freehouse and restaurant
Having been in the same ownership for the past 26 years with an established and loyal following, The Old Shire Inn in Camborne, Cornwall has recently been sold by licensed property specialists Stonesmith of Exeter on behalf of Chris and Di Smith. The new owners are experienced local operators Sue and Simon Vickery who also own and operate the Inn For All Seasons in Redruth.
Sue and Simon’s aim is to improve aspects of the business and the property and build on its popularity and following. They have retained all of the staff and the menu has remained similar with the popular carvery and classic dishes still available. A new “retro menu” has been introduced.
So far they have been able to refurbish some of the trade areas with new carpets and some redecoration. The main aim here is to upgrade and refresh the property whilst retaining its character and appeal. Outside the trade gardens will be expanded and a decking area introduced. There are also plan to revamp the kitchen and its ancillary areas.
The Old Shire occupies a highly visible and prominent landmark position on the main Camborne to Helston road and benefits from an attractive rural setting whilst being only ½ mile from Camborne town centre.
The substantial property is impressive and operates as a destination food led freehouse and restaurant with a trade split of 80% food and 20% wet sales. It briefly provides 2 restaurant areas, a main bar, snug and conservatory dining area, with a total of approx 220 to 230 covers. There is a fully equipped catering kitchen with back-up facilities and extensive owners/managers accommodation. Outside there is a large trade patio with 60 covers and parking for 90 plus vehicles.
Mike Phillips of Devon based leisure specialists Stonesmith commented “Sue and Simon have built up a successful business at The Inn for All Seasons and were looking to expand their business and The Old Shire was a business that they had admired for many years and a perfect fit for them. We are very pleased to be announcing the sale of another high turnover freehold public house and restaurant, as this demonstrates that there is still strong demand from good quality purchasers wishing to acquire businesses in the sector, even in the current economic climate.”
A freehold business it sold off a guide price of £750,000.