Hotels and Motels for sale in Devon

View the "North Devon refurbished Hotel with 10 en-suite letting rooms" below and request further details. Alternatively, please view the similar businesses in the 'You May Also Like' box below.
 

 We found a buyer within the first week of advertising with you. 

Mrs Herbert (Nov 2017)
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Asking price: £999,999 Annual Turnover: £190,000
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Business Description
• Refurbished Hotel with 10 en-suite letting rooms
• Consistently high levels of turnover and profitability
• Stunning North Devon location
• Superb uninterrupted views from most rooms
• Well-appointed guest facilities
• Long established reputation and regular guest base
• Lots of further potential
• Plenty of guest car parking
• Extensive inventory of quality fixtures and fittings included
• Owners private accommodation
• Beautiful gardens
• Wonderful lifestyle opportunity

Falcon Commercial is delighted to offer for sale this established 10 bedroom Hotel (all with en-suite facilities) with generous self-contained owner’s accommodation. It is believed to date back to the eighteenth century and enjoys all the considerable commercial and private advantages of a fantastic riverside trading position close to the sea and one of North Devon’s premier market towns.

Operating from impressive extremely well presented premises of real charm and character, this exceptionally successful and profitable hotel generates a turnover of over £190,000, trading 11 months of the year. The room rates vary from £130 per night to £145 per night. A high percentage of guests staying are repeat bookings.

This stunning Hotel represents an excellent opportunity to purchase a thriving privately run Hotel with scope to further increase trade possibly by opening all year, in order to improve upon the already impressive levels of turnover and profitability it is achieving in the hands of the current proprietors.

The business has built up an excellent reputation and enjoys excellent reviews due to its picturesque location and friendly welcoming atmosphere.

Early viewing of this rarely available opportunity comes highly recommended

Premises Details
A well maintained premises, occupying a prominent riverside position. The Hotel offers 10 individually designed and furnished bedrooms. All rooms have facilities and there are spacious public areas. The premises have been sympathetically converted, modernised and extended over the years whilst retaining many period features. The building provides an exceptional standard of business and private accommodation.

The accommodation briefly comprises:

Ground Floor
• Entrance Hall
• Dining Room
• Lounge
• Cellar
• Ladies and Gentlemen’s Toilets
• Kitchen
• Preparation Room
• Store room
• Walk in Fridge
• Laundry room

First Floor
• 8 Double Bedrooms (all en-suite)

Second Floor
• 2 Double Bedrooms (all en-suite)

Owners Accommodation
• Owners Lounge
• Owners Bathroom
• Owners Bedroom

External
• Beautiful landscaped gardens
• Car Park for approximately 12 cars
• Boiler House
• Garage

Business Information

Turnover
Current turnover in excess of £190,000 per annum, with good profits and scope to increase.

Accounts
Accounts will be provided to genuine purchasers after a formal viewing

Staff Details
The business is run by the proprietors with help from full and part time staff as required

Business Rates and Council Tax
We are advised that the business rates payable currently are: TBC
Interested parties should make their own enquiries of the local billing authority to ascertain the exact rates payable or enquiries can be made online at the VOA website www.voa.gov.uk

Trading Hours
The business is open 11 months of the year and to suit the owner’s lifestyle.

Tenure
Freehold

EPC Rating
EPC Rating: TBC

Legal Costs
Each party to bear their own legal costs incurred in the transaction.

Viewing
Strictly by appointment with the vendor's agents, Falcon Commercial, Second Floor Offices, 114/116 High Street Honiton EX14 1JP on 01404 758081

Agents Note
Please remember that selling a business can be a sensitive issue and staff or suppliers may not be aware of a sale at this point. Do not attempt to contact the business directly. Thank you
Listed by: Falcon Commercial

Find out more about this business opportunity.

 
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confidential sale
1285
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