Beachfront Hotel with 15 Bedrooms and 75-Seat Restaurant for Sale in Ilfracombe Devon
Ilfracombe, Devon
- Status
FOR SALE
- Date Submitted:
13/02/24
- Advert ID
606717
- Leasehold: Price on Application
- Rent: £20
- Turnover: On request
- Net Profit: On request
Key Features
- High Turnover
- Prime Location
- With Car Park
- Close to Local Amenities
- Attractive Business
- New Lease
- Fully Fitted
Business Details
15 bedroom hotel Overlooking beach with 75 covered restaurant
This hotel, boasting 15 bedrooms and overlooking the beach, offers a restaurant that can accommodate 75 patrons. The kitchen is completely equipped to handle any type of cuisine. The bonus is an outdoor seating area which overlooks the beach.
An excellent opportunity presents itself for a new owner to take this thriving business to the next level. Therefore, early viewing must come highly recommended to avoid disappointment.
The business has an attractive asking price, presenting buyers with an opportunity to secure a great deal.
The restaurant's dining area is conveniently located on one floor and can accommodate up to 80 patrons. In addition to this, there is an outdoor terrace which can seat between 30 and 50 patrons.
The premises come complete with a cafe which is an ideal place for patrons to meet friends and make new acquaintances. The lease amounts to £130,000 for a period of 22 years with a monthly rent of £1700. The business achieves an impressive turnover of £170,000 on the bedrooms alone, which indicates high profitability.
The restaurant, bar, and cafe are located right opposite the beach, offering breathtaking views. In addition to this, some of the bedrooms come with balconies which overlook the beach.
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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.
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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.
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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.'.
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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.
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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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