If you are looking to lease a pub in Lostwithiel, The Earl Of Chatham is available !
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Lease A Pub In Lostwithiel – The Earl Of Chatham Is Available
The Earl Of Chatham Lostwithiel
Location
Located in Lostwithiel the Earl of Chatham sits at the base of the town away from from the main through road. A large proportion of the trade at the Earl of Chatham comes from the local population which sits at 3070. There is a stream of tourism in the peak season to visit the antique stores and many of the local events which go on throughout the year which the pub is integral too.
Internal Trade Areas:
Internally the Earl of Chatham has a trade kitchen, 3 letting rooms, 2 of which have en suite rooms and the 3rd has a separate bathroom. Upon entering the site there is a bar area of about 40 covers with a large opesn fireplace leading on to two traditional timber partitioned area of around 10 and 30 covers each. The area with 30 covers makes an ideal dining area. The trade potential of this area is substantial given the level of footfall provided by the the locals and the steady stream of tourism and people from all around who come for the local events.
External Trade Areas:
Externally the Earl of Chatham beneits from the best beer garden in the area with a large stretch tent which supports external drinking and eating all year round. There are heaters to help promote the use. There is also a car park which can hold 15 cars at anyone one time which is a great benefit in this small town.
Private Accommodation:
The private accommodation within the main building is comprised of a lounge, kitchen, bathroom and 1 bedroom. The decoration is very well kept and clean.
New Publican Profile:
The Earl of Chatham represents a fantastic opportunity for an experienced licensee to develop a seasonal as well as an out of season offer taking advantage of the letting room opportunity and desirability of the Earl of Chatham to locals as well as holiday makers and walkers alike.
The stated ingoing figures are correct at point of advertising. Please be aware there may be additional costs.
The Earl Of Chatham Lostwithiel
Estimated Food Turnover Breakdown
Liquor = 70%
Food = 15% Accommodation = 15%
Rates
Rateable Value from 1st April 2023: £16,000 Rates payable TBC
Likely Ingoing
Deposit 25% of rent
Fixtures & Fittings approximately c£25,000 (TBC) subject to independent valuation
Stock & Glassware approximately £3000 subject to independent valuation
Total approximately £TBC
We are willing and able to assist with funding those eager to start their own journey. You add the talent and drive, and we can help with the finance.
Previous Trade
2022
152 Barrels of draught and bottled beer & cider
3,497 litres of mineral
1,259 litres of wine and spirits (inc PPS)
2021
153 Barrels of draught and bottled beer & cider
3,981 litres of mineral
1,372 litres of wine and spirits (inc PPS)
2020
108 Barrels of draught and bottled beer & cider
2,220 litres of mineral
1,063 litres of wine and spirits (inc PPS)
The Earl Of Chatham Lostwithiel
Lease A Pub In Lostwithiel
BDM Comments:
Earl of Chatham is is an ideal site to grow the food business on top of what is a great wet and accomadtion base. The reputation of the pub in the area is very strong and the missing piece of the jigsaw is the food offering.
