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Freehold 5 Bedroom Guest House Located In Looe For Sale

Looe, Cornwall, UK
Asking Price:
£795,000 Furniture / Fixtures included
Turnover:
£78,000
Net Profit:
Undisclosed

Freehold 5 Bedroom Guest House Located In Looe. Stunning Views Across The River. Owners Accommodation. Great Reputation. Featured On TV Series Beyond Paradise.

Veritas Business Sales are delighted to offer for sale this delightful 5 Bedroom Guest house which is located in West Looe. The business has been established for over 30 years and has been in the careful hands of our client for the past 3 years. They are now offering business for sale so that they can enjoy a well deserved retirement in Spain. Little Mainstone is kept to a very high standard and since ownership they have continually refurbished and the 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. Room tariffs range from a double or twin room en-suite £120-£140 depending on the time of year. All en-suite rooms are on the 1st floor each offering comfortable beds with cotton bed linen and towels, with walk in shower and complimentary toiletries. You will also find a flat screen TV, tea and coffee making facilities and a hairdryer.
We believe that the business has further potential by offer evening meals for guests and also increase the current business operation period which is between April and August only, this could increase revenue significantly 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 a turnkey business that has already benefited from significant investment which is a great base to build upon and as such early viewing is highly recommended.

Property Information

Property:

Freehold

Location:

This attractive Victorian Freehold Guest House is located in the costal town of Looe. Little Mainstone occupies a highly desirable scenic harbour location on The Quay in West Looe. You can easily walk from West Looe Quay over the bridge into East Looe in minutes, so it gives you easy access to restaurants, the beach, and shops while staying in a quieter setting.

Premises Details:

Ground Floor
Entrance hall and reception area.
Dining room with 6 tables with chairs to cover (12), feature fireplace.
Conservatory overlooking garden area.
Kitchen with various cupboards floor and wall mounted, recently fitted cooker, microwave and new gas boiler.

Owners living area
Lounge (5.2m x 4.4m). There is a small room off this room which can be used as a single bedroom or office.
Double Bedroom with en-suite.
Shower room and W/C.

First Floor
Bedroom 1 (4.7m x 3m) large double with en-suite.
Bedroom 2 (3.4m x 3.2m) standard double with en-suite.
Bedroom 3 (5.2m x 3.5m) large double with en-suite.
Bedroom 4 (3.m x 2.5m) small double with en-suite.
Bedroom 5 (3.9m x 2.6m) standard double with en-suite.

External
Front car park with spaces for (5). Patio tables with chairs and views over the river.
Large owners garage/store with electric door. Small rear yard.

Energy Performance Rating:
B

Business Operation

Reasons for selling:

Retirement