Charming B&B with café for sale in Lynmouth Devon, featuring 8 en-suite rooms and waterfront views
Lynmouth, Devon
- Status
FOR SALE
- Advert ID
642218
- Reference
B09240 / Rightbiz
- Call Agent:
- Freehold: £894,995
- Turnover: £200,000 (£3,846 per week)
- Profit: Not Applicable
Business Details
Run Your Dream B&B on the Lynmouth Waterfront
BusinessPlease quote reference B09240
CoGoGo presents an exciting opportunity to acquire Riverside Cottage B&B, a charming and long-established guest house in the heart of Lynmouth, North Devon. This freehold coastal property offers a unique triple-income setup with a fully operational bed & breakfast an on-site Bar/take-away and -perfect for lifestyle buyers seeking an enviable business venture in a thriving tourist hotspot.
Nestled in the picturesque harbour village of Lnmouth and surrounded by the natural beauty of Exmoor National Park, Riverside Cottage enjoys a prime river and harbourside position. Lynmouth connects to the cliff-top town of Lynton via the historic cliff railway, making this a much-loved destination for visitors year-round. The area offers steady footfall from holidaymakers, walkers, and locals, with good road and bus links to Porlock, Barnstaple, Ilfracombe and beyond.
Under the same ownership for 15 years, Riverside Cottage B&B has built a reputation for comfort, charm, and stunning views. The business comprises:
- 8 stylish en-suite guest bedrooms, including 6 river and seaward-facing rooms with private covered balconies.
- A welcoming breakfast room and residents' lounge with a wood burner and riverside views.
- A popular bar/takeaway, accessed from pedestrianised Lynmouth Street, offering strong footfall and a flexible layout
- Opportunity to reconfigure the bar/ takeaway into a themed restaurant or expand seating to approximately 40 covers.
Location
Riverside Cottage B&B of 10 Lynmouth St, Lynmouth EX35 6EH.
Premises
This character-filled property spans three floors with dual commercial frontages - one onto Riverside Road for guest access, and another onto Lynmouth Street with access to the bar/ takeaway and shop with separate entrance.
Ground Floor:
- Guest Entrance & Breakfast Lounge: Riverside Road access, oak and slate flooring, seating for 8 covers, cosy sofa area, TV, radiator heating, and a wood burner - all overlooking the river.
- Commercial Kitchen: Fully equipped with stainless-steel prep areas, a 6-burner gas oven, fryers, a chiller gantry, microwaves, a dishwasher, and a separate wash-up zone.
- Toilets: Ladies' and Gents' WC's with hand basins and understairs storage.
- Bar/Take-Away: Double-fronted onto Lynmouth Street, refurbished in 2021, bar servery, chiller units, coffee/smoothie station, and bar stool seating.
- Adjoining Store: Previously part of the cafe with 40-cover capacity; own entrance - ideal as shop unit, extra seating, or separate venture.
Letting Rooms:
- Bedroom 3- Twin/Queen, en-suite, balcony
- Bedroom 4 - Double, en-suite, balcony
- Bedroom 5 - Double, en-suite, balcony
- Laundry Room: With washer/dryer facilities and boiler.
- Private Accommodation: 1 en-suite bedroom and separate lounge (plumbing for en-suite capped).
Letting Rooms:
- Bedroom 7 - Twin/Queen, en-suite bath, balcony
- Bedroom 8 - Double, en-suite shower, balcony
- Bedroom 9 - Double, en-suite shower, balcony
- Private Bedroom: En-suite, basin, balcony
- Second Laundry Room: Storage shelves, 2 x 250L hot water tanks, drying space.
- Yard area with gas bottles and an oil tank
- Small bar/takeaway outdoor seating area facing Lynmouth Street
Tenure
The property is offered Freehold, ideal for owner-operators or investors seeking long-term flexibility.
Hours
The B&B operates seasonally and are popular throughout the tourist season. Exact trading hours can be adapted to suit the buyer’s lifestyle or operational goals.
Staff
The business is currently owner-run with seasonal assistance as required, allowing for a smooth handover or operational expansion if desired.
Financial Profile
We are advised on the following:
OTM: £894,995
Turnover: £200,000
Contact Agent
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Stay Safe
Do not pay any deposit to private sellers upfront. If you are looking to purchase a business, we advise that any deposits or transactions made are through a solicitor to prevent fraudulent activities from occuring.
Stay Safe
Don't share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.
Stay Safe
The vast majority of these scams involve the transfer of substantial sums of money. We advise all transactions made are through a solicitor to prevent fraudulent activities from occuring.
Stay Safe
Send a test amount before you consider handing over a large number of funds. Maybe even try transferring £1, and then speaking to your solicitor to confirm receipt.
Stay Safe
Do not disclose proof of funds directly to the sellers. If the sellers request you to show proof of funds, we advise that it is done through a solicitor to prevent fraudulent activities from occuring.
Stay Safe
Buying a business is not covered by consumer rights legislation. It is your responsibility to acquire a business that holds up in quality and agreement.
Stay Safe
Fraudsters will typically use false news in an attempt to get you to act quickly. For example, 'Your account has been disabled. Reset your password now.'.
Stay Safe
Review the performance of a business to make appropriate financial projections. Some businesses are dormant or not trading, so it is essential to check their short and long-term potential.
Stay Safe
Legitimate emails from Rightbiz will be with the domain @rightbiz.co.uk. However, emails from [email protected], [email protected] or [email protected] are not affiliated with Rightbiz.
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