A highly profitable hotel & public house has been sold, by leading Westcountry business transfer agent Charles Darrow.
The Inn For All Seasons is located in a highly prominent position, outside the town of Redruth, just off the main A30 trunk road running through Cornwall. Trading all year-round and attracting patrons from far and wide, the former family run business was set in a substantial site within a prominent position in Redruth, located just off the A30, with excellent access to local amenities and access to the west of Cornwall.
Redruth lies within easy access to the A393/A3047 and is approximately 9 miles from Truro, 18 miles to Penzance and 11 miles to Falmouth. The area attracts tourists all year round.
The property briefly comprises 180-seater open plan restaurant, function suite, 12 en-suite letting bedrooms, 3-bedroom private accommodation and extensive grounds including approximately 200 parking spaces. The business thrives on its reputation both locally and regionally and achieves a seasonal boost in the summer, with 2021 a bumper trading year.
Owned and operated by the sellers since 2005, and first time on the market since, the Inn for All Seasons attracted a range of interested parties, but was sold to brothers, Elliot & Lewis Bilsland who have existing business interests, close by.
Co-Owner Elliot commented: “We are really looking forward getting started and investing into the Inn for All Seasons. The business has great potential and an amazing team behind it. We look forward to meeting and welcoming our customers”.
Jon Clyne , Director of Charles Darrow who handled the transaction commented “Opportunities such as the Inn For All Seasons are few and far between on the market, especially given the diversity of the trade, being a popular pub, restaurant and hotel. The chaps intend a period of reflection followed by investment, for which we wish them the very best of luck. ”.
The leasehold business was sold off an asking price of £220,000.