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Ten Ocean View Guest House | St Ives For Sale

St Ives, Cornwall, UK
Asking Price:
£950,000
Turnover:
£50K - £100K
Net Profit:
Under £50K

Ten Ocean View is a beautifully located and well appointed boutique bed and breakfast in one of Cornwall's top tourist destinations, St Ives. Boasting a 5* Rating on Trip Advisor, 8.9/10 on Booking.com and 4.6* on Google Reviews this is a truly wonderful business with plenty of repeat trade.

Guest Houses are scattered across St Ives, yet Ten Ocean View is that bit more special. With views across Porthmeor beach to Godrevy Lighthouse, and even Polzeath on a clear day, it is a truly idyllic setting. There is a large front garden with lapsed planning for a guest annex, and where else would one want to call both their home and business?

Property Information

Property:

Freehold

Location:

Located on the northern tip of St Ives Ten Ocean View is
a 5 minute walk from Porthmeor beach, Tate St Ives,
Barnoon Long Stay Car Park and all the amenities of St
Ives town centre being a 10 minute walk away.

Premises Details:

The mid-terrace property is set over three levels. The
ground floor comprises entrance hall with stairs up to the
first and second floors. Historically the dining room was
used by guests for breakfast, which could be re-instated
if desired as there are sound proof sliding doors in the
owner's sitting room. The owners' enjoy a large kitchen
diner, sitting room and two bedrooms, one of which is
en-suite.
The first and second floors comprise four en-suite well
appointed guest rooms, with coffee machines,
mini-fridges, king size beds and flat screen TVs. .
There are 3 parking spaces to the front of the property
with steps down to the garden. To the rear is a
workshop/garage with access to Channel View.
There is lapsed planning for a 1 bed garden room with
shed and parking over. Details can be found under
PA19/11113.

Size in square feet:
2,348

Business Operation

Reasons for selling:

Our clients are seeking to relocate to be closer to family.

Trading hours:

The business has been in our clients' care since 2014
and they are seeking to re-locate to be closer to family.
Turnover is as below:
YTD (6 October 2023): £42,000
YE 5 April 2022: £49,400
YE 5 April 2021: £45,261
YE 5 April 2020: £72,760
YE 5 April 2019: £68,046
YE 5 April 2018: £66,532
The business shows an adjusted net profit in the region
of £35,000. Profit and loss accounts are available upon
request. Since September 2022 our clients have
employed cleaners and external laundry services to
enable them to work outside of the business, this could
be re-arranged to enhance the profitability of the
business.

Other Information

Home based:
This business can be run from home.