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Hotel Bar Restaurant With High Profits In Lifton For Sale

Lifton, Devon, UK
Asking Price:
£735,000
Turnover:
£450,000
Net Profit:
Available on request

The property is a 2* Grade II listed building with much inherent character including gothic style windows and an arch studded timber door with strap hinges to the main reception.

The ground floor provides the main public rooms which include a restaurant/conference room, cosy and attractive bar, inner bar and further bar area also commercial kitchens and preparation room.

Also on the ground floor there are the main ladies and gentleman's cloakrooms, a small office and a ground floor en-suite letting bedroom with lounge and kitchenette off.

This area could easily provide an owners apartment.

To the first floor there are 9 character en-suite letting bedrooms which are all offered comprehensively equipped and furnished subject to trade inventory.

The property is set back overlooking its own car park and stone split level beer gardens.

The car park has recently been enhanced in Spring 2019.

The property benefits from oil fired central heating.

Our clients have been in occupation for the last 14 years and have established an excellent catering business which is highly successful and has been awarded numerous accolades.

The trade combines 1/3 from the restaurant, 1/3 from the bar and 1/3 from the letting accommodation.

The business opens throughout the year and is operated by the 2 proprietors with numerous staff.
Our clients will give full assistance to an incoming purchaser.

We understand the turnover is approximately £428,000 per annum (Year-end Feb 2018) and £450,000 per annum (Year-end Feb 2019) accounts will be made available to those seriously interested parties who have inspected the premises.

Property Information

Property:

Freehold

Living Accommodation:

With 10 en-suite individually designed letting rooms.

Location:

This fine hotel is located in the West Devon village of Lifton approximately 4 miles from Launceston and 1 mile from the A30 trunk road connecting Devon to Cornwall.
The village has a population of about 1,200 inhabitants and is often referred to as the gateway to Cornwall, within easy motoring distance of Exeter, Plymouth and Truro therefore an ideal centre for exploring the South West.

Energy Performance Rating:
D

Contact Information

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