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Successful Backpackers Hostel In North Devon For Sale

Ilfracombe, Devon
Asking Price:
£550,000 Furniture / Fixtures and Inventory / Stock included
Turnover:
£50K - £100K
Net Profit:
£50,000

Substantial property close to popular harbour location currently run as a very successful profitable backpackers business. The property is a large end terrace, with large open plan living areas of Lounge, Dining room and further Lounge. Reception area and small Office, large communal commercial Kitchen,two separate W.C's on the ground floor. Access to the rear car parking area and to a large Basement (low eaves) and Store room.

There are a total of 13 Bedrooms, sleeping a total potential of 55 residents. The rooms vary in term of size, most provide an En-Suite Shower or Bathroom. The Top Floor has in the past been used as the owners residence, this is a self contained area with its own Kitchen and Bathroom. There is a small outside seating area, car parking for approximately 5-6 cars parked nose to tail.

Excellent Opportunity.

Property Information

Property:

Freehold

Living Accommodation:

Top floor flat is a potential for accommodation for the owner. this was used by the current owners originally but now incorporate this in tot he business. A manager lives on site.

Location:

Substantial property situated on a busy thoroughfare leading down from the Town towards the popular Quay area of Ilfracombe, a short walk to the harbour.

Premises Details:

The property is a large end terrace, with large open plan living areas of Lounge, Dining room and further Lounge. Reception area and small Office, large communal stylish Kitchen,two separate W.C's on the ground floor. Access to the rear car parking area and to a large Basement (low eaves) and Store room. There are a total of 13 Bedrooms, sleeping a total potential of 55 residents. The rooms vary in term of size, most provide an En-Suite Shower or Bathroom. The Top Floor has in the past been used as the owners residence, this is a self contained area with its own Kitchen and Bathroom. There is a small outside seating are, car parking for approximately 5-6 cars parked nose to tail. Gas central heating and benefits from a solar water heating.

Energy Performance Rating:
D

Business Operation

Expansion Potential:

Owned by the current owners for 17 years. Operating as a backpackers Hostel. This is a Family run business open March - December but open at New Year for a repeat booking. Maintained to a good standard and fully compliant for modern day regulations. Bookings are positive with seasonal repeat bookings, from several organisations during the year. The current owners live off site and employ a live in manager to keep on top of things.

Accounts available upon request but would only release upon a viewing of the property. Adjusted net profit is close to £50 000.

Reasons for selling:

The current owners have run the business for 17 years and now wish to move onto something new.

Trading hours:

Opens March to December

Employees:
1
Years established:
17 Years

Other Information

Support & training:

Support will be given for initial weeks to assist with the takeover.

Contact Information

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