Freehold 28 Bedroom Hotel On Cornwalls North Coast For Sale

Heated Outdoor Swimming Pool
Ref 2138

Location
This outstanding and well respected 28 bedroom Hotel is situated on one of the main through roads on Cornwall's North coast.

Business information
Asking Price: £1,399,000 plus SAV
Turnover: on application
GP: (78.9%)
Stock: £2,000
Business Rates:
Hotel £13,329.36
Annex £1,392.59 

Business Description
Veritas Business Sales are delighted to offer for sale this established 28 bedroom hotel located on Cornwall's North coast. The business was established by my clients 38 years ago and has been in the careful hands ever since. Reluctantly they are now offering the business for sale so that they can enjoy a well deserved retirement.                                                                                      Since ownership they have continually invested in new equipment along with 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. The hotel is owner operated and employs the help of 3 full time and 7 part time members of staff. The Hotel stands in half an acre of its own grounds and has 26 en-suite bedrooms and 2 single rooms with shared bathroom facilities. Many of the rooms enjoy stunning sea views and benefit from gas central heating, colour TVs, Wi-Fi and complementary tea & coffee making facilities. Room tariffs range from £70.00 to £95.00 for a double room per night on a B & B basis. The hotel also benefits from a large outdoor heated swimming pool with generous patio and lawns allowing the guests plenty of space to relax                                                        We believe that there is further potential to increase trade as the current owners choose to close on the 10th December and do not re-open until 30th March. Should any new purchaser wish to increase turnover and open all year round there is definitely lucrative trade to be had in that period. 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 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 business is not to be missed.

Ground Floor
Reception with reception desk, settee, various pictures and stairway leading to the first floor.                                                           Lounge 1 (2.8m x 4.3m) comprising: 2 settees, coffee table, various pictures, built in fire place, TV and views over the harbour.          Lounge 2 (2.8m x 5.3m) with 2 settees, coffee table and various pictures.                                                                                          Dining Room (7.8m x 22.37m) comprising: stunning oak tables and chairs with seating for 70. Various pictures and side tables, dumbwaiter and carvery unit.                                                                                                                                                                Bar comprising: various tables and chairs,  settees, various pictures, fully stocked bar, under counter drinks fridge and glass washer.                                                                                                                                                                                          Entertainment Room comprising: various tables and chairs, dance floor, table tennis table and various settees.                                   Kitchen comprising: 2 x six burner ranges, double commercial sink with drainer, salamander grill, 2 x stainless steel tables, extractor unit, heat lamp/strip warmer, bain-marie unit, microwave (Caterlite), microwave (Delonghi), mixer (Kitchen Aid), white upright fridge, double fryer (Blue Seal), hot plate (Parry), single fryer (Parry), upright fridge (Polar) and stainless steel upright freezer.                       Back Kitchen/Prep Room comprising: dishwasher with pass thru and under counter detergent system, sink drainer, stainless shelving unit (Bartlett), hot water unit (Burco), 2 stainless steel tables, soup kettle and various shelves.                                               Laundry Room with 2 washing machines and (2 dryers on lease)                                                                                                    Store Room comprising: various kitchen units, upright fridge (Kings), upright freezer, upright freezer (Polar), toaster (Delonghi), commercial toaster (Dualit), under counter fridge (Beko), rumbler (IMC), chipper (TRS) and coffee machine (Kenco).

First floor
2 single bedrooms with separate bathroom                                                                                                                                            4 double bedrooms en-suite                                                                                                                                                                    5 treble bedrooms en-suite                                                                                                                                                                      1 family bedroom en-suite

Second floor
6 double bedrooms en-suite

1 treble bedroom en-suite
 

Lower Ground
Double bedroom en-suite                                                                                                                                                                      Family bedroom en-suite

Annex

5 family bedrooms en-suite

1 treble bedroom en-suite

External

Parking for 30 cars or numerous coaches
Large heated swimming pool with various sun loungers
Patio and lawned area with views over the beaches
and  harbour.

Owners Accommodation
Lounge
Dining room
Bathroom
Kitchen
Double bedroom