Freehold Hotel and Inn Located Near St Ives For Sale
6 Refurbished Letting Rooms and 1 Bedroom Annexe
This Stunning Hotel and Inn sits in its own substantial grounds near the hamlet of Trink and is just 2.5 miles away from the highly desirable town of St Ives, Cornwall. St Ives is one of the countries most popular holiday destinations offering above average levels of sunshine and in 2010/ 2011 was awarded Best UK Seaside Town by the British Travel Awards. St Ives has a number of complementary independent and national Blue Chip retailers so enjoys high levels of tourism.
Asking Price: £630,000
Turnover: £80,853 pa
Gross Profit: £54,301 (67%)
Business Rates: Zero
Veritas Business Sales are delighted to offer for sale this respected Hotel and Inn with letting rooms which is located just 2.5 miles from the desirable Cornish town of St Ives. The business has been trading for over 50 years and has been in the careful hands of our clients for the past 10 years and is reluctantly being offered for sale so that they can enjoy a well deserved retirement. Since ownership they have continually redeveloped, refurbished and invested in new equipment along with fixtures and 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 Countryman is completely owner operated and does not require the help of any staff. The Business has an annual turnover of £80,853 with a GP of £54,301 (67%). Room tariffs low season are £39.00, mid season £42.50, high season £44.50 and peak season £49.50. Children 14 years and under sharing with a parent are half price and infants are free of charge. All rooms are tastefully decorated and benefit from flat screen TVs, tea and coffee making facilities and modern bathrooms. Next morning you can enjoy a traditional cooked breakfast, served with only the best local produce, accompanied with fresh juices, yogurts, cereals and tea and coffee. We believe that there is further potential to increase trade should you wish as our clients choose to trade this below the VAT threshold. The one bedroom annexe is currently not used and could be let for additional income and there is planning approval for the garage/barn to be converted to a self-contained holiday let. 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 lifestyle business which has untapped potential which is a great base to build upon and as such early viewing is highly recommended as this business is not to be missed.
Main entrance/reception (3.6m x3.7m) with computer, key board, screen and reception desk.
Bar serving area (3.4m x 1.6m) with 2 drinks fridges (DiHL), espresso coffee machine (Stafco), hot cupboard, glass wash machine (Eco), Ice machine (Whirlpool), drinks fridge and music system (Technics).
Bar/Lounge (5.9m x 6.6) with 4 tables, 2 settee's, 4 armchairs, 4 dinning chairs, various pictures, 50 TV (Technika) and 2 speakers (Pulse).
Games room (6.9m x 3.6m) with pool table, Cue rack, dart board, 2 tables and 6 stools.
Dining room (6.4m x 4.5m) with 10 dining tables, 22 dining chairs, various pictures, water heater (Swan) and various mirrors.
W/C with hand wash basin, heater and mirror.
Kitchen (2.7m x 3.2m) comprising: microwave (Kenwood), 2 toasters, grill (Tefal), upright fridge, upright freezer, sink drainer, stainless steel 3 door chiller unit with stainless steel top, dual dep fat fryer, stainless steel table, 4 burner oven, salamander grill, stainless table, hot cupboard and stainless steel shelving system.
Pot wash/Prep (2.9m x 3.3m) with chest freezer (Whirlpool), 2 stainless steel shelving systems, dishwasher (ClassieQ), sink drainer and safe.
Room 2 (4m x 3.3m) Double room with shower en-suite
Room 3 (7.7m x 3.5m) Family room with shower en-suite
Room 4 (3.9m x 4m) Double room with shower en-suite
Double bedroom (3m x 3m)
Double bedroom (6.3m x 4.1m)
Room 5 (3.9m x 3.7m) Double room with shower en-suite.
Room 6 (7.9m x 3.4m) Family room with shower en-suite
Room 7 (6.1m x 5.3m) Family room with shower en-suite
Fixtures, Fittings and Effects
Normal fixture and fittings associated with this type of property are included in the sale and a detailed inventory of these will be supplied prior to exchange.
Double bedroom (3.2m x 2.6m)
Bathroom with shower, W/C and wash basin
Lounge (2.8m x 2.6)
Garage/Barn Planning approved
Extensive gardens with fixed outside bar, tables and chairs surrounded by mature trees and shrubs
Front Garden/Car park
Parking for approximately 15 cars
EPC Rating D