This property is not currently available. It may be sold or temporarily removed from the market.

22 en-suite Bedroom Hotel with separate 1 Bedrooms owners apartment in Newquay, Cornwall

Business ID:
  • Ref: 1054
  • Type: Hotels
  • Availability: Sold
  • Business ID: 1054
  • Price Postfix: Veritas
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Full Details

The Minerva hotel enjoys this prominent location by being situated in the heart of the town just a stones throw from the beach overlooking new bars and restaurants with stunning sea views. Newquay is one of the nation's favourite seaside towns, exudes the laid back atmosphere you would expect from a town perched on Cornwall's Atlantic cliffs and bordered by 7 miles of glorious golden sandy beaches. It's a place where all the family gets to relax and enjoy a proper holiday. There's a different beach for every day of the week and glorious open spaces looking out to sea. The town manages to be both trendy and yet remains a great family resort - all wrapped up in the most fantastic coastal scenery.

Veritas Business Sales are delighted to offer for sale this respected 22 bedroom hotel. The business has been established for over 60 years and has been in the careful hands of our client for the last 10 years. The owner is reluctantly offering the business for sale but is now looking to do something different. Since purchasing the business our clients have continually invested in new equipment, along with fixtures and fittings which are all brought and paid for and included within the sale price which means any new purchaser will not have to spend any additional funds for some time. The business has an annual turnover of £150,000 trading only 9 months on B&B basis with a very small amount coming from bar sales. The Hotel is currently owner operated and assisted by casual staff when required. 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 character 3 storey property enjoys stunning views of the Atlantic ocean which is a just stone throw away. 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.