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Freehold Four Bedroom Bed And Breakfast In East Looe For Sale

East Looe, Cornwall, UK
Asking Price:
£499,950 Furniture / Fixtures included
Turnover:
£50,000
Net Profit:
Under £50K

Freehold 4 bedroom Bed & Breakfast located in East Looe, Cornwall. Comes with owners accommodation and on site parking. TripAdvisor 5 star rating.

Veritas Business Sales are delighted to offer for sale this respected 4 bedroom Bed & Breakfast which is located in East Looe. The property has been operating as a Bed & Breakfast for over 30 years and has been in the careful hands of the current owner for the past 6 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. Meneglaze Bed & Breakfast is owner operated with the help of 1 part time member of staff and has an annual turnover of circa £50,000. Room tariffs range from a double or twin room en-suite £95 in the peak season and £70 in the low season. All prices are per room per night on B&B basis and all rooms are en-suite and benefit from gas fired central heating, colour TVs, Wi-Fi and complimentary tea & coffee making facilities. On offer in the morning is freshly cooked English breakfast cooked to order using only the finest locally sourced produce, alternatively there is a vegetarian or continental option.
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:

Owners Accommodation First Floor
Bedroom (3.6 x 4.0m) double with patio doors and balcony.
Bathroom (2.m x 3.1m) with bath, shower, W/C and wash basin.

Location:

This well positioned 4 bedroom Bed & Breakfast is located in the highly desirable harbour town and fishing port of East 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 (3.0m x 1.8m)
Breakfast room (3.0m x 4.6m) comprising: table & chairs to cover (8), various pictures, chest of drawers, music system and music system stand and feature fireplace
Owners lounge (3.0m x 4.6m) with feature fireplace
Kitchen (3.3m x 2.9m) with fitted kitchen wall & base units, toaster, built in oven and dishwasher (Zanussi).
Utility Room (3.3m x 3.8m) with various shelving, white under counter fridge (Hotpoint), white under counter fridge (Hotpoint) and upright fridge (Ocean).
Toilet (1.5m x 2.1m) with w/c, wash basin, various shelves and 2x washing machine (Hoover).


External
Garden with 3 large sheds to the rear and side of the property
Parking for (5) cars
(Previous planning approved to the side of the property)

First Floor
Accommodation
Bedroom 1 (3.0m x 4.6m) double with en-suite.
Bedroom 2 (3.0m x 4.5m) twin/king with en-suite.
Second Floor
Bedroom 3 (3.2m x 3.5m) double with en-suite.
Bedroom 4 (3.2m x 3.9m) double with en-suite.
Storage cupboard

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

Energy Performance Rating:
D

Business Operation

Reasons for selling:

Retirement

Years established:
30 years

Other Information

Inventory / Stock value:
£1,000

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