The former coaching inn was bought by Robert Seabourne and partner Karen Gardner, a classically trained chef, off a guide price of £1.2m.
Seabourne, who worked in clothing and packaging before moving in to the hospitality sector, said: “I’ve been visiting Cornwall since I was a boy and fell in love with Bodinnick around six years ago.
“The Old Ferry Inn is a lovely old lady who has suffered from a lack of investment over recent years, and is in need of a fair bit of TLC. The aim is evolution, not revolution: everything changes, yet nothing changes.”
He added: “We believe that establishing links with local businesses and charitable organisations like the Royal National Lifeboat Institution will be of paramount importance to the long-term success of the business.”
Ed Jefferson, an associate from Colliers International, who handled the deal, said: “The present Inn dates back to the 17th century and features a host of traditional features including a wood burner and stone slate floor. The popular River Room has fantastic river views over Fowey and the village of Polruan.”