Freehold 10 Bedroom Boutique Bed & Breakfast located in Looe. Includes 2/3 bedroom owners accommodation. Booking.com 96%
Veritas Business Sales are delighted to offer for sale a truly magnificent 10 Bedroom Boutique Bed & Breakfast which is located in East Looe. This bay fronted detached manor is one of Looe’s finest properties and has been operating as it is for over 70 years and has been in the careful hands of the current owner for the past 7 years. Reluctantly the business is now being offered for sale so that they can enjoy a well deserved retirement.
The property 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. Commonwood Manor is owner operated with the help of 2 part time members of staff and has an annual turnover of circa £84,000. (The owners have only been utilising 4 guest rooms during the last 12 months due to COVID, the turnover for the previous years was circa £143,000). Room tariffs are £145.00 for a super-king en-suite all year round. 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.
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.