Hilton Smythe is delighted to welcome to the market this well-established and very popular bed & breakfast business, with holiday cottages, which is ideally located within Devon.
The business was established by our clients in 2005 and is only now, reluctantly, being offered to the market, due to our client’s desire for a well-deserved retirement. The business currently operates all year round and generates a turnover in the region of £110,000 per annum, with a gross profit of approximately 76%.
Our clients offer 6 guest letting rooms in the main house, consisting of single, double, twin or 4-person family room. All the rooms are en-suite and currently equipped with TV/DVD and Freeview, along with tea/coffee making facilities, hairdryers etc. all of which could be available by separate negotiation. The rooms have recently been refurbished in sympathy with the 15th century thatched cottage.
Our clients offer the rooms on a bed and breakfast only basis. The premises have a huge family sitting area and kitchen, along with a bar with an alcohol licence. The property has been extremely well maintained and is furnished to the highest standard throughout.
The four holiday cottages have been renovated to the very highest of standard. All the cottages consist of open plan living room/kitchen, one bedroom and a bathroom. Both the guest house and cottages boasts excellent car parking facilities.
The business has built up an excellent reputation within the industry for the very high quality of the accommodation and service offered, which has resulted in a high volume of repeat trade and word of mouth recommendations.
We feel there is scope to increase the turnover by embarking on a modest marketing campaign to highlight the excellent accommodation offered. A new owner could incorporate a restaurant, which would boost the turnover significantly.
This is an excellent opportunity for a new owner, perhaps a husband and wife team or partnership, to take this already thriving business to the next level; therefore, early viewing must come highly recommended to avoid disappointment.
This popular bed & breakfast and holiday cottage business occupies substantial premises, ideally located within a small town in Devon. Set within beautiful unspoilt countryside, with riverside and coastal walks, the area is very popular with tourists, walkers, golfers and cyclists.
The area is very popular with golfers, with a course being just a few miles away, with views from the course along the coastline, which are described as stunning. The area of the business is well served by the public transport system, with bus stops within easy walking distance of the property. The nearest railway station is approximately 5 miles away. The area is also well served by the A-roads, with one being within easy driving distance, which links to the national A-road and motorway networks.
Substantial 15th century property, in a prime trading location, briefly comprising:
The white cottage:
Residents lounge area.
Newly fitted stainless steel industrial kitchen.
Dining room, comfortably seating 12 – 15 guests.
Bar with alcohol licence.
Owners’ lounge with original features.
Separate ladies and gents’ WCs.
Room 1: En-suite family room.
Room 2: A light and airy en-suite room.
Room 3: En-suite twin room.
Room 4: En-suite double room.
Room 5: En-suite single room.
Room 6: En-suite double bedroom.
Owners’ en-suite double bedroom.
There are four holiday cottages, which are beautifully renovated, each comprising of:
Open plan living room/kitchen.
1 x double bedroom.
Landscaped gardens to rear.
Parking for approximately 14 vehicles.
Large garage with storage in roof.
We are advised Freehold.
The business operates all year round, closing only at Christmas, New Years and owners’ holidays.
The business is owner run and managed.
The business generates a turnover in the region of £110,000 per annum, with a gross profit of approximately 76%.
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