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Award Winning Profitable B&b In Devon For Sale

Devon
Asking Price:
£650,000 Furniture / Fixtures included
Turnover:
£73,000
Net Profit:
£50,000

Award-winning, popular and highly profitable licensed 6 bedroom guesthouse presented and furnished to a very high standard, with spacious bedrooms with luxury beds, quality linen and bath sheets, bathrobes, spacious en-suites, guest lounge with wood burner and separate annex owner's accommodation with 2/3 en-suite bedrooms, lounge, kitchen, storage rooms.

This very special guesthouse is accredited by Visit England with 4 stars, plus has a Gold award for being the best of the best at 4 star level, a Breakfast Award, and has received the prestigious ROSE award (Recognition of Service Excellence).

The business has been number 1 on Tripadvisor with 5 stars for several years with a Certificate of Excellence, and has a rating of 9.7 out of 10 on Booking.com. The business has its own website which was built a year ago which is mobile-friendly and fully responsive. Around 60% of the business is direct bookings with strong repeat business, and 40% via Booking.com. The business is run by a husband and wife team with no employees and has good forward bookings for 2019. The business is also used by one Dutch and two German agencies, which provides good direct bookings.

Set in a fabulous location on the edge of Dartmoor national park, a 4 minute walk to the village with popular food pub, cafes, delicatessen, pharmacy, garage/post office, hairdressers, beauty salon, takeaway restaurants, and a 3 minute walk to Sustrans Route 27, the Drake's Trail, the West Devon Way, and the Dartmoor Way. Regular bus service to Plymouth/Tavistock and beyond. 20 minutes drive to Plymouth train station. 5 miles from Tavistock. The property is set on a quiet lane with its own car park for 6/7 cars, super-fast WiFi, secure cycle storage and 2 garden areas for guests.

THE BUSINESS

The property is an Edwardian property dating to circa 1906. Many original features remain.
All bedrooms are beautifully decorated and furnished. All bedrooms have their own bathrooms, silent-running fridges and 4 of the bedrooms are premier rooms and have Smart TVs with Netflix access.

On entering the property through the stained glass door, you will see the spacious reception hall with access to the guest lounge, the spacious breakfast room which leads to the kitchen, the ground floor letting bedroom with large en-suite shower and private garden, and stairs to the 1st and 2nd floors. By the stairs there is an internal door giving access to the owner's annex, although there is also a separate external door to the owner's accommodation, making it very private from the business.

The kitchen is well equipped with double sink/drainer, ample work space, double oven, grill and extractor hood, central stainless steel work bench, further side stainless steel work bench, step up to further area including hand wash basin, larder style fridge, larder style freezer and commercial dishwasher with 2, 4 and 6 minute settings. Door to outside and access to bin storage areas.

The ground floor bedroom has a large walk-in en-suite shower, king size bed, Smart TV, and delightful private garden which gets the afternoon and evening sun.

On the first floor you will find 2 letting bedrooms, and a further room which is currently used as a laundry/storage room, but was previously used as an owner's lounge/kitchen and which could very easily be converted to a further large letting bedroom as services are already in place.

The 2 letting bedrooms on the 1st floor consist of a superking room (which can also be a twin) with large walk-in en-suite shower, and a family suite which has a king size bedroom, single bedroom and large bathroom with bath and separate shower. There are also storage cupboards on the 1st floor for linen, towels, teas, coffees, etc.

On the 2nd floor you have 3 bedrooms. One very large room with a superking bed, Smart TV, sofa/lounge area and en-suite shower, and 2 further bedrooms both with king size beds, one with an en-suite shower and one with en-suite bathroom (shower over bath).

TRADING/FURTHER POTENTIAL

The business is very profitable with turnover for 2017/18 at £73k, and on target for 2018/19 to exceed this. Gross profit was 79.45%. The business currently trades for around 10 months by owners' choice, but is in a location that receives year-round trade. If the large room on the 1st floor currently used for storage/laundry is converted to a further letting bedroom this could see turnover increase even more. Further, the owners currently use the annex as their own accommodation, but 2 of the bedrooms were previously used as B&B rooms and could be opened up immediately as letting bedrooms if required as they are both en-suite bedrooms. This would then mean that the room that the owners currently use as their lounge would become a lounge/bedroom, and already has an en-suite shower room. There is of course also the guest lounge in the main house which could be used.

This property really needs to be seen to appreciate all that is on offer.

If interested please contact the seller through the form on this page.

Property information

Property:

Freehold

Living Accommodation:

2 bedroom annex owner's accommodation with lounge and kitchen

Location:

Prime national park location close to local amenities, major bus routes.

Business Operation

Years established:
20 years

Other Information

Support & training:

The owners are happy to give support and training to any prospective buyer

Contact Information

    1. Your Address

    2. Optional
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