Run Your Dream B&B On The Lynmouth Waterfront For Sale

Lynmouth, Devon, UK

Asking Price:: £894,995

Turnover:: £200,000

Net Profit:: Undisclosed

CoGoGo presents an exciting opportunity to acquire Riverside Cottage B&B, a charming and long-established guest house in the heart of Lynmouth, North Devon. This freehold coastal property offers a unique triple-income setup with a fully operational bed & breakfast an on-site Bar/take-away and -perfect for lifestyle buyers seeking an enviable business venture in a thriving tourist hotspot.

Nestled in the picturesque harbour village of Lnmouth and surrounded by the natural beauty of Exmoor National Park, Riverside Cottage enjoys a prime river and harbourside position. Lynmouth connects to the cliff-top town of Lynton via the historic cliff railway, making this a much-loved destination for visitors year-round. The area offers steady footfall from holidaymakers, walkers, and locals, with good road and bus links to Porlock, Barnstaple, Ilfracombe and beyond.

Under the same ownership for 15 years, Riverside Cottage B&B has built a reputation for comfort, charm, and stunning views. The business comprises:
8 stylish en-suite guest bedrooms, including 6 river and seaward-facing rooms with private covered balconies.
A welcoming breakfast room and residents' lounge with a wood burner and riverside views.
A popular bar/takeaway, accessed from pedestrianised Lynmouth Street, offering strong footfall and a flexible layout
Opportunity to reconfigure the bar/ takeaway into a themed restaurant or expand seating to approximately 40 covers.

For those seeking a lifestyle change with established income potential and unbeatable natural surroundings, Riverside Cottage B&B is a must-see.

Financial Profile

We are advised on the following:
OTM:
£894,995

Turnover:
£200,000

Property Information

Property:: Freehold

Location:: Riverside Cottage B&B of 10 Lynmouth St, Lynmouth EX35 6EH.

Premises Details:

This character-filled property spans three floors with dual commercial frontages - one onto Riverside Road for guest access, and another onto Lynmouth Street with access to the bar/ takeaway and shop with separate entrance.

Ground Floor:

Guest Entrance & Breakfast Lounge:

Riverside Road access, oak and slate flooring, seating for 8+ covers, cosy sofa area, TV, radiator heating, and a wood burner - all overlooking the river.

Commercial Kitchen:

Fully equipped with stainless-steel prep areas, a 6-burner gas oven, fryers, a chiller gantry, microwaves, a dishwasher, and a separate wash-up zone.

Toilets:

Ladies' and Gents' WC's with hand basins and understairs storage.

Bar/Take-Away:

Double-fronted onto Lynmouth Street, refurbished in 2021, bar servery, chiller units, coffee/smoothie station, and bar stool seating.

Adjoining Store:

Previously part of the cafe with 40-cover capacity; own entrance - ideal as shop unit, extra seating, or separate venture.

First Floor

Letting Rooms:
Bedroom 3- Twin/Queen, en-suite, balcony
Bedroom 4 - Double, en-suite, balcony
Bedroom 5 - Double, en-suite, balcony
Laundry Room: With washer/dryer facilities and boiler.
Private Accommodation: 1 en-suite bedroom and separate lounge (plumbing for en-suite capped).

Second Floor

Letting Rooms:
Bedroom 7 - Twin/Queen, en-suite bath, balcony
Bedroom 8 - Double, en-suite shower, balcony
Bedroom 9 - Double, en-suite shower, balcony
Private Bedroom: En-suite, basin, balcony
Second Laundry Room: Storage shelves, 2 x 250L hot water tanks, drying space.

Outside:
Yard area with gas bottles and an oil tank
Small bar/takeaway outdoor seating area facing Lynmouth Street

Business Operation

Trading hours:: The B&B operates seasonally and are popular throughout the tourist season. Exact trading hours can be adapted to suit the buyer’s lifestyle or operational goals.

Employees:: The business is currently owner-run with seasonal assistance as required, allowing for a smooth handover or operational expansion if desired.