Established Hotel And Restaurant In Devon | | Ottery Devon | | Hotel and restaurant Ottery, Devon T/O: £160,000 GP: 71% Scope to increase turnover Rural location Loyal customer base Well-equipped | | BUSINESS FOR SALE ADVERT DETAILS ADVERT NUMBER : 61876
ADVERT IMPRESSIONS : 11,974 TIME(S) | | | | BUSINESS SECTOR: | Hotels / Pubs / Accom | | TRADE TYPE: | Hotels | | SALE: | Agent Sale | FREEHOLD: | £615,000 | | | | | | | | | | Add this business advert to your: | | | | | | | | | | | | | | | BUSINESS DETAILS: | Location
The Old Coach House occupies substantial detached premises in the hamlet of Ottery close to Tavistock, Devon. The premises benefit from ample private parking and picturesque views over rural Devon countryside. There is a bus route through the hamlet and Tavistock is less than 3 miles away. Ottery is a small historic hamlet popular with tourists and hikers and is close to many attractions, including Dartmoor National Park and Buckland Abbey. Plymouth is approximately 20 miles to the south and Exeter is less than 40 miles away.
Business History
Preferred Commercial is delighted to offer for sale this established hotel and restaurant, which was opened by our client in 1990 and is only now offered to the market due to our client's wish to retire. The premises are well-equipped to suit the trade comprising 3 buildings containing 2 bars, dining room, commercial kitchen, 7-letting rooms finished to a high standard and 2-bedroom owners' accommodation, set in 2 and a half acres of land. Our client has built an excellent reputation over 20 years of trading, enjoying much repeat custom and word of mouth recommendations. The business offers a selection of high quality meals in the restaurant and both the restaurant and bars are open to the public in the evenings. The business trades all year round and generates a turnover in the region of £160,000 per annum with a gross profit of 71%. We feel this could be further increased by establishing a marketing campaign to generate more trade. This is an ideal opportunity for a lifestyle changing business with 2-bedrooms owners' accommodation set in picturesque countryside and with huge scope for future development. Early negotiations with Preferred Commercial must come highly recommended.
Financial Details
T/O: £160,000 approx.
GP: 71%
Opening Hours
Closed January and February
Accommodation Details
Substantial detached premises comprising 3 buildings with two and a half acres of land, all letting rooms are equipped with TVs and tea and coffee making facilities. Briefly comprising:
Main Building
Ground Floor
• Entrance lobby with reception desk
• Bar area with tables and chairs
• Dining room with laminate flooring, tables and chairs for up to 40 covers and French doors leading to the garden
• Lounge bar area with tables and chairs, bar, feature fireplace and French doors to garden
• Commercial kitchen with 6-burner gas hob and oven, griddle, dishwasher, double fryer, 2 x plate warmers, microwave oven, refrigerator, freezer, Bain Marie and griddle
• Room 7: Double bedroom with en-suite shower, WC and wash hand basin and exposed wooden beams
• Room 8: Double bedroom with en-suite shower, WC and wash hand basin and exposed wooden beams
• Room 9: Twin bedroom with en-suite shower, WC and wash hand basin and exposed wooden beams
First Floor
• Room 4: Double bedroom with en-suite shower, WC and wash hand basin and exposed wooden beams
• Room 5: Double bedroom with en-suite shower, WC and wash hand basin
• Room 6: Double bedroom with en-suite shower, WC and wash hand basin and exposed wooden beams
• Room 10: Double bedroom with en-suite shower, WC and wash hand basin
Cottage
Available by separate negotiation, briefly comprising:
• Room 1: Double bedroom with four poster bed, en-suite bathroom with shower over bath, wc, wash hand basin
• Room 2: Twin bedroom with en-suite bathroom with shower, WC and wash hand basin
• Room 3: Family bedroom with double and single beds, en-suite bathroom with shower, WC, wash hand basin and wood burning stove
• Laundry room
Second Building
• Staff accommodation
• Kitchen
• Lounge
• Large double bedroom with en-suite
Owners' accommodation
• Lounge/kitchen
• Double bedroom
• Master bedroom
• Single bedroom/office
• Shower room with WC and wash hand basin
External
• Private parking with spaces for up to 16 vehicles
• Garden to rear of guest accommodation
• Large walled garden to rear of owners' accommodation with shed and greenhouse
Tenure
Advised freehold
| | | | | | FOR SALE | | | | | REFERENCE: | 2371 / RightBiz | | | | | | Request more information about this business.. | | ENQUIRIES: | | | | CONTACT SELLER TO GET THE SELLERS DIRECT CONTACT DETAILS AVAILABLE TO MEMBERS ONLY | | | | | | | | | | | |
