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20-Bedroom Hotel with High Occupancy in Ilfracombe Devon for Sale

 Ilfracombe, Devon

CONFIDENTIAL SALE

  • Status

    UNDER OFFER

  • Date Submitted:

    11/04/24

  • Advert ID

    609640

  • Reference

    B06099 / Rightbiz

  • Call Agent:

    Registered members »

  • Freehold: £749,995
  • Turnover: £106,035 (£2,039 Per week)
  • Net Profit: £16,860 (16% Profit margin)

Business Details

Well established 20 bedroom Hotel for sale

Business
Please quote reference B06099

Hilton Smythe welcomes to the market The Bath House Hotel, a beautiful 20-bedroom property of dual aspects, retaining plenty of character, and original features throughout over a total of 5 floors.

Although a lovely, substantial, well maintained property, the business benefits 20 tastefully presented en-suite bedrooms over 3 accommodation floors which benefit largely full occupancy during the spring and summer months. The Hotel is ideal for shooting party guests, wedding venue guests, surfing types, families and tourists, and thrives on its family run traditions. With a restaurant, function suite, and easy access to local tourism including 'Lundy Island' and excellent golf, the property is ideally positioned and takes advantage of this mixed clientele from March to October.

In our client's careful ownership for several years, and For Sale due to emigration the business has a fantastic reputation and boasts superb feedback online, including TripAdvisor, where many guests score it 5 out of 5 referring to its 'friendliness', 'brilliant location', 'excellent food' and 'cleanliness'.

Bath House Hotel benefits from a dedicated website with ample information and the sources to book online. The website can be found at www.bathhousehotel.co.uk The purchaser could look to upgrade the site and add further social media and build online presence locally, with the addition of a loyalty style scheme.

Although an already successful and popular hotel, our clients continue with the ongoing modern and contemporary style upgrades that are evident throughout. Organic growth and scope is always a possibility within any business, and our client's currently run the hotel at a pace and lifestyle to suit both the main season, and themselves including closure over winter and Christmas period.

 



Location
The Bath House Hotel is situated in an extremely prominent position, in the lovely coastal resort of Ilfracombe, within the county of Devon.

A busy and prominent main thoroughfare location close to plenty of other complimentary operators and businesses. With lovely character, kerb appeal and prominent signage, the Bath House is easily identified and extremely visible to passing trade. Benefitting some patrons parking this is limited to the front of the property, there is also plenty of local amenity parking to the surrounds and approaches.

As a coastal resort Ilfracombe is naturally surrounded by beautiful sea, coastline and panoramic views stretching from 'Hele Bay' to 'The Torrs' and Lee Bay. The Hotel itself is a short stroll from the main tourist areas, local amenities, high street, promenade, and is the closest property to the 'Tunnels Beaches' wedding venue and bay area. It is also minutes from the stunning harbour. Widely popular in the tourist season, the area has a local population of circa 11,500 people and sits on the edge of 'Hillsborough Hill' on the North Devon coast.

With plenty of public transport, road networks are good via the A361 connecting Barnstaple, and the A39 north into Exmoor and Somerset. Other nearby resorts include Woolacombe, and Croyde. Home to the Damien Hirst statue 'Verity' Ilfracombe is synonymous with general tourism, as a superb seasonal wedding venue, and is popular with surfing types, golfers and shooting parties.



Premises
With ongoing reinvestment and little in the way of large capital expenditure required, the property is in excellent order, tastefully presented and appointed throughout, in a contemporary modern and clean crisp style paying attention to the character and history of the building.

20 fantastic bedrooms, mixed as doubles, family rooms, large jacuzzi suite, twins and singles, all en-suite, benefitting remote control TV's with iPod docking stations, tea & coffee facilities and lovely bath or shower rooms.

All of the public areas including reception, entrance, main bar and soft seating areas, and the beautifully styled breakfast dining room, are all excellent in their presentation with tiled floors, feature fireplaces, sash and bay windows in places, much original character, and a clean modern look, feel, décor and ambience.

Set over 5 floors in total, the building layout is very linear with dual main entry exits from adjacent streets, and briefly comprises:

Lower Ground Floor -

  • Function room.
  • Bar.
  • Cellar.
  • Fully equipped trade kitchens with extraction system
  • Gym with steam, sauna and changing rooms.
  • Boiler rooms and ancillary areas.
  • There is also a lift to all floors.
Ground Floor - 

  • Lounge.
  • Bar.
  • Soft seating area and reception with pool table.
  • Breakfast/dining hall circa 40 covers.
  • Front balcony.
  • Lift to all floors.
  • Jack and Jill swing doors to staffing, ancillary areas and back office.
First Floor -

  • 7 Bedrooms four with balcony.
  • Storage and ancillary space.
  • Lift to all floors.
Second Floor -

  • 7 Bedrooms one with balcony.
  • Storage and ancillary space.
  • Lift to all floors.
Third Floor -

  • 6 Bedrooms.
  • Laundry room.
  • Lift to all floors.


Tenure
We are advised that the business is being sold on a Freehold basis.



Hours
We are advised that the business is open 24/7. 



Staff
We are advised that the business has 1 full time and 3 part time staff members. 



Financial Profile
We are advised as per the 2020 accounts, the business generated a turnover in the region of £105,000. Full financials can be made available upon further request. 

Please quote reference B06099



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Don't share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.

Stay Safe

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.

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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.

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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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