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13 Bedroom Hotel & Cafe In Looe For Sale

Looe, Cornwall
Freehold Price:
£649,999
Find more details, or book a viewing:
Status
FOR SALE
Advert ID
191770
Reference
2076 / Rightbiz

Details

Freehold 13 Bedroom Guest House & Café In Looe For Sale
2 Separate Owners Apartments
4 Star Rated (Blue Flag)
Licensed
Scope for Touring Pitches
Ref 2076

Location
This respected Guest House & Restaurant enjoys a desirable and prominent trading location on the main A387 in Morval which is just outside the popular Cornish Town of Looe. The town manages to be both trendy and yet remains a great family resort with many different restaurants to sample and The Snooty fox enjoys beautiful views in a peaceful location but close to all the attractions that Looe and Cornwall have to offer.

Business information
Freehold: £649,999                                                                                                                                                                        Turnover: £134,123
Gross Profit: 79.5%
Business rates: Zero rated

Business Description
Veritas Business Sales are delighted to offer for sale this superb 13 bedroom Guest House & Cafe. The business has been established for over 30 years and been in the careful hands of the current owners for the last 12 years and is reluctantly being offered for sale so that they can concentrate on new ventures. Since ownership my clients have continually refurbished the property and invested in new equipment, along with fixtures and fittings which are all brought and paid for and included within the sale price which means that any new purchaser will not have to spend any additional funds for some time. The Snooty Fox offers 4 star rated bedroom accommodation on a B & B basis with all rooms offering en-suite, TV and tea & coffee making facilities. The business has an annual turnover of £134,123 (£78,283 rooms) (£55,840 café) with a gross profit of £106,644 (79.5%) and is owner operated with the help of just 2 part time members of staff during the main season. We believe that there is huge potential to increase turnover should you wish as in the past they have opened it as a pub/restaurant serving lunch and evening meals to both guests and non-residents. You could introduce morning coffees, light lunches and afternoon teas. Subject to planning consent you could also add touring pitched to the large rear paddock. The business enjoys a strong reputation within the local community and beyond and as such has a high level of regular and repeat trade and of course is heavily reliant on the many visiting tourists. This is a superb opportunity to purchase an established business, which is a great base to build upon and as such early viewing is highly recommended as this superb business is not to be missed. 
Ground Floor
Licenced café / restaurant with 40 covers, electronic cash register, coffee station with work surfaces and shelving featured fire surround with log burner, Oak serving/ bar area equipped with all the necessary equipment.
Catering kitchen (fully equipped)
Laundry room, with washing machines, dryer, boiler and various shelving.
Storage room/cellar

Guest rooms
3 Double bedrooms
1 King room
1 Twin room
1 family room
1 Family room with (double bed, single bed and bed settee)
2 family rooms (can be double, twin, for 3 people)

First Floor
Apartment 1
Living room with fitted kitchenette, double glazed doors and views over the countryside also access on to a large decking area.
Bedroom 1 ( 4.4m x 3.4m) with w/c and en-suite shower
Bedroom 2 (5m x 2.4m)
Bedroom 3 ( 2.4m x 2.2m) with built in wardrobes
Apartment 2
Living Room with built in fitted kitchenette, double glazing and access onto a large decking area.
Bedroom 1 (3.7m x 3m) Double glazed window to the rear with en-suite shower room, 1 King double with shower en-suite

Guest rooms
2 Twin rooms
1 Double room
1 King room

External
A shared drive provides access to the large car park for (40). Large lawned area to the front and side of the property with children’s play area and under cover seating area. To the rear of the property there is access to two large wooden sheds.

Services
The property benefits from mains electricity, water, drainage, gas and super fast Wi-Fi

Viewing strictly by appointment only, through our offices









 

Seller Details
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Listing Details
Freehold Price: £649,999
Tenure: Freehold
Location: Looe, Cornwall
Sector: Hotels, Bed And Breakfast, Commercial Properties
Financials
Annual Turnover: £134,123
Annual Net Profit: Available upon request
Key Features
  • With Car Park
  • Trade Gardens Available
  • With Accommodation
  • Fully Fitted
  • Established Business
  • Price Reduced
  • Attractive Business
  • Potential for Alternative Use
  • Unique Business
  • Accounts Available
Listing Statistics
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