Private North Devon Hotel, 355 Year Old Longhouse
Location United Kingdom
Asking Price Range $1.0M - $2.5M
Gross Revenues $125235
Net Profit / Cash Flow $0
Cash Flow Type Sellers Discretionary Cash
Seller Finance Not Disclosed
Year Established 2000
Number of Employees 1 - 3
Relocatable Not Disclosed
Number of Employees 1 - 3
Real Estate Owned
Reason for Sale The business has provided the owner with an excellent income and lifestyle but he now wishes to retire.
Description Private North Devon Hotel, 355 year old longhouse
7 En-suite Letting Rooms
Separate 3 Bed Owner's Accommodation
Water Views
Ref.AC339
Location North Devon
Asking Price œ 695,000
Set in just under one acre of grounds and close to the North Devon coast near a major town this well-known Bed & Breakfast/Private Hotel provides bed and breakfast accommodation in seven well-maintained bedrooms all with en-suite bath/shower rooms. The business has been operating since 2000 and is listed with excellent ratings on Trip Advisor and with 4 stars from the AA.
Guests come from all over the country drawn by word of mouth and the business' excellent website. There are only nine such businesses listed in the area on Trip Advisor and consequently during the peak season the accommodation is consistently fully booked.
The guest rooms are self-contained with their own front door, sitting room, dining room, kitchen and garden. There are five double rooms and two singles. The owner's accommodation consists of three bedrooms (two doubles and one single), two bathrooms, sitting room and kitchen/dining. It has its own entrance and separate garden.
Solar panels have also been installed and these generate circa œ1,200 per annum and there is a hot tub in the garden for use by the guests.
This is an amazing opportunity for a lifestyle change.
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