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Seven Bedroom Guest House/Restaurant Located In Little Petherick For Sale

Little Petherick, Cornwall, UK
Asking Price:
£1,275,000 Furniture / Fixtures included
Turnover:
£350,000
Net Profit:
Available on request

Well appointed 7 En-Suite Bedroom Guest House & Restaurant located In Little Petherick, near Padstow. Comes with owners en-suite bedroom. Licenced 25 seater Bistro. Extensive gardens and suitable wedding venue. Further potential.

Veritas Business Sales are delighted to offer for sale this delightful 7 bedroom Guest House which is located in the beautiful Cornish hamlet of Little Petherick, near Padstow. The business has been established for over 60 years and has been in the careful hands of the current owner for the past 9 years. They are now offering The Old Mill House for sale so that they can enjoy a well deserved retirement.
We understand the property dates back to the 16th century and is a breath taking detached Grade II listed building and former corn mill. 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. The business is owner operated with the help of 4 part time members of staff and has an annual turnover of £350,000. Approximately £150,000 is room income and the remaining £250,000 comes from the 25 seater Bistro. Room tariffs range from £110 - £140 per room per night which includes breakfast. All rooms are en-suite and benefit from gas fired central heating, colour TV’s, Wi-Fi and complimentary tea & coffee making facilities.
We believe that the business has the potential to increase revenue should you wish by offering lunches and cream teas. The large and beautifully kept garden would also make a great wedding venue. The business enjoys a strong reputation within the local community and beyond and as such has a high level of regular and repeat trade. This is a superb opportunity to purchase a turnkey business that has benefited from significant investment 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

Location:

This successful and well appointed 7 bedroom Guest House is located in the Cornish hamlet of Little Petherick which is just (2 miles) south of Padstow and (4 miles) west of Wadebridge. For centuries Padstow has been a significant port and is well known in its beautiful setting at the mouth of the Camel estuary, with fishing and boatbuilding still very active. Added to the natural beauty are the excellent restaurants, the National Lobster hatchery, the Seafood cookery school and colourful cultural traditions that attract a worldwide audience Padstow is one of Cornwall's premiere holiday resorts.

Premises Details:

Ground Floor
Reception area (6.0m x 3.1m) with feature fire place and gas log burner, red leather Chesterfield settee, 2 armchairs, under counter drinks fridge (Gastroline), reception counter, various pictures, grandfather clock, 2 bar stools and wall mounted coat rack.
Restaurant (7.8m x 6.1m) with 9 solid oak tables, leather back chairs to cover (28), bespoke wooden wine rack, 3 door under counter drinks chiller (Polar), various pictures, various wooden shelves and wall mounted lights.
Study (4.8m x 2.5m) with 2 red leather Chesterfield settees, leather armchair, bespoke wooden wine rack, nest of tables, chess board, wall mounted TV (LG), wall mounted clock and wall mounted lights.
Toilets gents & ladies (2.2m x 2.0m) with W/C, wash basin and wall mounted mirror.
Kitchen (4.8m x 3.6m) comprising: (Rational) oven, 4 pot bain-marie (Lincat), oven with hot plate (Lincat), salamander grill (Lincat), twin fryer (Buffalo), wash basin, commercial dual sink, various stainless steel shelves (Vogue), dishwasher (Halycyon), stainless steel prep table, upright fridge (Polar), commercial microwave (Quattro), chiller unit with 6 draws and a door (Inomak), extraction canopy, plate warming unit with hot lamps.
Office (4.1m x 3.1m) with desk, chair, printer (Epson), under counter fridge, fire place, various shelving and 2 x arm chairs.

First Floor
Accommodation
Bedroom 1 The Stone Dressers Room (4.0m x 3.2m) double room with en-suite (1.4m x 2.6m)
Bedroom 2 The Flour Room (4.0m x 3.9m) double room with en-suite (2.0m x 2.0m)
Bedroom 3 The Stable Room (3.5m x 3.5m) double room with en-suite (2.0m x 1.5m)
Bedroom 4 The Millers Room (5.2m x 4.3m) double room with en-suite (1.7m x 3.1)
Bedroom 5 The Wheel Room (4.6m x 3.1m) double room with en-suite (1.6m x 2.0m)
Boiler Room (1.5m x 1.1m)
Laundry room (3.2m x 2.5m) with washing machine (Hot Point), washing machine (Indesit), 2 tumble dryers (Caterwash) and various shelves.

Second Floor
Bedroom 6 The Corn Store (4.1m x 3.1m) double room with en-suite (2.5m x 2.5m)
Bedroom 7 The Hay Loft (4.4m x 4.2m) double room with en-suite (2.5m x 2.1m)

Third Floor
Owners Accommodation
Large bedroom (6.4m x 3.0m) with en-suite (2.0m x 2.1m)

External
Frontage with guest parking. Well stocked garden along side the creek, tables and chairs with covers for (24), pizza oven, jacuzzi, 3 x storage sheds and large electric powered waterwheel.

Business Operation

Reasons for selling:

Retirement

Other Information

Inventory / Stock value:
£1,000