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Freehold 15 Bedroom Hotel Located In Newquay

Newquay, Cornwall
Freehold Price:
£569,950
Find more details, or book a viewing:
Status
FOR SALE
Advert ID
220938
Reference
2200 / Rightbiz

Details

Freehold 15 Bedroom B&B Located In Newquay For Sale
Trades Summer Months Only (by choice)
Separate Owners Living Quarters
Ref 2200

Location
This impressive 15 bedroom B&B is located just off the main thoroughfare road within Newquay town centre. Newquay is one of the nation's favourite seaside towns, perched on Cornwall's Atlantic cliffs and bordered by 7 miles of glorious golden sandy beaches. Newquay is famous for its surfing with and is home to Fistral beach which is one of the best surfing beaches in the world. This thriving town offers an abundance of bars, restaurants and retails shops and is easily accessible by the A392 which connects to the recently upgraded A30. Newquay has its very own airport when you can fly just about anywhere in the world.

Business Description 
Veritas Business Sales are delighted to offer for sale this respected 15 Bedroom B&B which is located in the popular Cornish holiday town of Newquay. The business has been established for over 50 years and has been in the careful hands of our client for the past 5 years. Reluctantly the business is now being offered for sale to enjoy a well deserved retirement.                                                                                                                                                               Since ownership they have continually refurbished and invested in new fixtures & 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. Blue Room B&B is owner operated requiring no staff members and has an annual turnover of £60,000. The business operates for the summer months as a budget B&B catering for individuals, families, groups and the many suffers that are attracted to the beautiful Cornish beaches. Blue They offer 15 individually designed and furnished bedrooms to include doubles/twins, bunk rooms and a family suite.                                                                                                                                                                                        We believe that there is further potential to increase trade should you wish too by opening all year round. Our client operates this at a gentle pace to suit her lifestyle and chooses to trades below the VAT threshold. The business enjoys a strong reputation within the local community and beyond and as such has a high level of regular and repeat trade along with many new visiting tourists. This is a superb opportunity to purchase an established lifestyle business which is a great base to build upon and as such early viewing is highly recommended as this business is not to be missed.
 

Business information
Asking Price: £569,950 plus SAV
Turnover:£60,000 pa
Stock: £5,000
Business Rates: zero

Ground Floor
Main bar (4.4m x 4.5m) with various pictures, 2 leather look sofas, various bar stools and bar with usual bar equipment.
Breakfast room (6.0m x 8.5m) with various tables & chairs to cover (20), stainless steel table, TV (Polaroid), toaster, hot water dispenser and various coffee tables. 
Lounge (8.5m x 6m) with various luxurious sofas, various pictures.
kitchen (4.9m x 3.2m) comprising: commercial extractor, dual basin commercial sink, glass washer, 3 stainless steel tables and 2 upright fridges
Preparation room (4m x 3m)  with 2 chest freezers, stainless steel table, various shelves and commercial sink
Utility room (3.2m x 4m)
Entrance hallway
Office (3.8m x 4.8m) with 2 desks, 2 chairs, various shelves, sofa and filing cabinet. 
Tool room/utility (3.5m x 4m) with safe (Stratford), various shelves, washer/dryer (Zanussi) and washing machine (Hot Point)
Family suite comprising: 
Bedroom 1: twin room 
Bedroom 2: double room
Shared bathroom with bath, shower, w/c and wash basin.

Accommodation

Owners apartment comprising: 
Kitchen (4.6m x 2.4m)
Bedroom 1 (4.5 x 3.7)
Bedroom 2 (4.5m x 3.6)
Bedroom 3 (3m 3.2m)
Lounge

First floor 1
Bedroom 4 (2.9m x 2.4m) twin room en-suite
Bedroom 6 (4.1m x 7.7m) family room en-suite
Bedroom 7 (6m x 3.5m) family room en suite
Bedroom 8 (4.7 x 3.4m) double room en-suite
Bathroom with w/c and wash basin
Bathroom with w/c and wash basin

Second floor 
Bedroom 18 (3.4m x 4.9m) double room en-suite
Bedroom 19 (3m x 3.2m) double room en-suite
Bedroom 20 (2.6m x 4.9m) double room en-suite
Bedroom 21 (2.5m x 3.8m) twin room en-suite
Bedroom 22 (3.8m x 2.8m) double room en-suite
Bedroom 23 (2.5m x 4.2m) double room en-suite
Bedroom 24 (6.4m x 2.5m) double room en-suite
Bedroom 25 (2.5m x 5.1m) double room en-suite
Bedroom 26 (5.8m x 3.0m0 family room en-suite
Bedroom 27 (2.8m x 4.0m) double en-suite
Utility room (2.9m x 1.73m)
Linen cupboard (3m x 1.5m)

External
Parking for 20 vehicles 

Seller Details
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Listing Details
Freehold Price: £569,950
Tenure: Freehold
Sector: Hotels, Bed And Breakfast, Commercial Properties
Financials
Annual Turnover: £60,000
Annual Net Profit: Available upon request
Key Features
  • Established Business
  • Attractive Business
  • Retirement Sale
  • Fully Fitted
  • Potential for Alternative Use
  • Close to Local Amenities
  • Prime Location
  • With Accommodation
  • With Car Park
  • Accounts Available
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