• BEAUTIFULLY PRESENTED AA 4-STAR RATED GUEST HOUSE

Price:

Freehold - £730,000

Seller Ref:

B35647

Location:

Cornwall, Falmouth

Business Type:

Hotels

See Other:

Guest houses for sale in Cornwall
Bed & breakfasts for sale in Cornwall
Hotels for sale in Cornwall

Description:

THE BUSINESS:

• WELL-APPOINTED PUBLIC ROOMS INCLUDING BAR LOUNGE, DINING ROOM AND GUEST LOUNGE
• 8 WELL-APPOINTED GUEST BEDROOMS COMPRISING 2 X DOUBLE ROOM SUITES
• DELIGHTFUL 2-BEDROOM OWNERS’ APARTMENT WITH PRIVATE LOUNGE AND GARDEN
• EXTENSIVELY RENOVATED AND IMPROVED, OFFERED IN EXCELLENT CONDITION
• IDEAL HOME AND INCOME IN POPULAR SEASIDE LOCATION
THE PROPERTY
The Rosemary is a purpose-built turn of the century 4-star rates guest house with spacious and well-appointed rooms. The property enjoys attractive period features and spacious ceiling height, coupled with tasteful interior design and furnishings. The Rosemary is situated on a quiet no-through road and is an ideal base for enjoying the bustling town of Falmouth and several nearby beaches.

THE BUSINESS
The Rosemary offers a Bed & Breakfast tariff, details of which can be seen via our clients’ website namely www.therosemary.co.uk. The business trades from February through to end of October/early November and is run principally as a husband and wife operation, with some chambermaid/waitress assistance. The trading Profit & Loss Account for the year-end September 2010 showed net sales of £101,265, producing a gross profit of 81.6% and an adjusted net profit of £44,105. The net profit is derived after deducting £5,549 for laundry and also wages of £11,301. It is considered that the laundry could be taken in-house (as per previous owner) and indeed a wage saving could also be made which would increase the adjusted net profit to circa £50,000 p.a, therefore representing a very comfortable lifestyle business. Also, for the trading year, Room 6 (single) has been utilised as further owners’ accommodation. Further accounting information will be made available subsequent to a viewing appointment in the normal manner.

Location Details:

Falmouth has for many years been one of Cornwall’s foremost holiday destinations and is most appropriately referred to as the gem of the Cornish Riviera. The Rosemary enjoys a convenient location, within a short walk of the sea front, Gyllyngvase Beach, Castle Beach, The National Maritime Museum and the town centre amenities. The harbour town of Falmouth boasts a range of shops, restaurants and wine bars. The Dell railway station is located within a short walk of The Rosemary.