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5 Bedroom Guest House Located In East Looe For Sale

East Looe, Cornwall
Asking Price:
£559,950 Furniture / Fixtures included
Turnover:
£76,455
Net Profit:
Under £50K

Freehold 5 Bedroom Guest House Located In east Looe. Comes with owners 1 bedroom accommodation. Prime location 50 metres from the waters edge. 90% occupancy!

Veritas Business Sales are delighted to offer for sale this respected 5 bedroom Guest House which is located in West Looe. The property has been operating as a guest house for over 70 years and has been in the careful hands of the current owner for the past 15 years. Reluctantly the business is now being offered for sale so that they can enjoy a well deserved retirement.

The guest house is kept to a very high standard and since ownership they have continually refurbished and invested in new equipment along with fixtures and fittings which are all bought and paid for and included within the sale price which is a huge plus for any new purchaser as additional funds will not need to be spent for some time. Little Harbour Guest House is owner operated with the help of 2 part time members of staff and has an annual turnover of circa £76,455. Room tariffs range from a double or twin room en-suite £85 in the peak season and £55 in the low season. All prices are per room per night on B & B basis and all rooms benefit from gas fired central heating, colour TVs, Wi-Fi and complimentary tea & coffee making facilities.

We believe that the business has the potential to offer evening meals for guests and non residents which would increase revenue should you wish. The business already enjoys a strong reputation within the local community and beyond and as such has a high level of regular and repeat trade from visiting tourists. This is a superb opportunity to purchase an established business which is a great base to build upon and as such early viewing is highly recommended as this gem is not to be missed.

Property information

Property:

Freehold

Living Accommodation:

Bedroom (3.2 x 4.0m) double
Bathroom (3.1m x 1.5m) with bath, shower, W/C and wash basin Storage room
Conservatory (2.9m x 5.0m)

Location:

This outstanding 5 bedroom Guest House is located in the highly desirable harbour town and fishing port of West Looe in South East Cornwall. Its prime location gives easy access to the many visiting tourists and is 50 metres from the water’s edge. Looe manages to be trendy and yet remains a great family resort with many restaurants and shops to visit all year round. Looe is 20 miles west of Plymouth and seven miles south of Liskeard, divided in two by the River Looe, East Looe and West Looe being connected by a bridge. A passenger ferry is available when tide permitting.

Premises Details:

Ground Floor
Entrance/Hallway
Breakfast Room (6.0m x 4.1m) comprising: table & chairs to cover (14), various pictures, welsh dresser, cutlery cabinet and polished wooden floor.

Guest Lounge (3.9m x 5.0m) with various settees, flat screen TV, various pictures and a coffee table.
Kitchen (5.4m x 3.4m) comprising: fitted kitchen wall & base units, 2 microwaves, dishwasher (Hotpoint), cooker/range (Range Master), washing machine (LG), sink with drainer, dryer (Indesit), large upright fridge/freezer (Samsung), wash basin, steam press (Excellence), white under counter freezer (Zanussi), white under counter fridge (Zanussi), table and chairs and hot water dispenser.
Office (2.9m x 2.3m) with various shelves, desk, printer, chair and cabinets.
Bathroom with shower, W/C and wash basin.

External
Garden with large shed
3 car parking spaces (one comes with the property, the other two to be negotiated)

First Floor
Accommodation
Bedroom Lilac (2.8m x 4.3m) twin with en-suite.
Bedroom Gold (3.2m x 4.1m) triple en-suite with dressing room.

Second Floor
Bedroom Peach (3.6m x 3.1m) double with en-suite.
Bedroom Pink (2.7m x 3.1m) double with en-suite.
Bedroom Wine (2.7m x 3.1m) double with en-suite.
Laundry Room (3.4m x 2.1m) with various shelves.

All guest bedrooms come with wall mounted flat screen TV’s and tea & coffee making facilities

Business Operation

Reasons for selling:

Retirement

Years established:
70 years

Other Information

Inventory / Stock value:
£1,000
Website:
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    We will pass a copy of your enquiry information, along with the name of the business you enquired on to finance specialists Rangewell. They will contact you in due course about financing your business purchase.

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