Popular Hotel In Paignton Devon For Sale

Business description

We are is pleased to offer for sale this popular hotel, which was established in 1930 and which has been in our clients' careful hands since 2006. The hotel is only now offered to the market due to our clients' wish to retire. The business trades 7 days a week and generates a turnover in the region of £40,000 per annum with a gross profit of 85%, derived from the letting of 10 bedrooms on a bed and breakfast only basis. We feel the turnover could be further increased by embarking on a modest marketing campaign. The business has an excellent reputation and is highly rated and well regarded by guests. There is a comprehensive website in place advertising the accommodation provided, which we feel could benefit from online booking facilities. As well as the 10-letting rooms, there is also a spacious dining room and a commercial kitchen, which we feel could be utilised as restaurant facilities. There is also 2-bedroom owners' accommodation with lounge and bathroom. This is an ideal opportunity to acquire an already popular hotel with huge scope future growth. Early negotiations with Preferred Commercial must come highly recommended.

Property information

Property:

Freehold

Location:

The Sea Verge Hotel occupies substantial detached 2-storey premises, ideally located on the seafront in the resort of Paignton, Devon. The premises benefit from ample private parking and are surrounded by a wealth of complementary shops and businesses. There is a high footfall and much passing trade. The town's amenities are close by and the business enjoys picturesque views over Tor Bay. There are excellent public transport links in the area with numerous bus stops and the railway station within easy walking distance. Paignton is a popular tourist destination boasting many attractions including Paignton Zoo and the Paignton and Dartmouth Steam Railway. The business boasts easy access to the A-road network and the M5 is 20 miles away. Torquay lies approximately 3 miles away Exeter and Plymouth both lie less than 30 miles away.

Premises details:

Substantial detached 2-storey hotel premises with 10-letting rooms. Briefly comprising:

Ground Floor
• Entrance hall
• Guest lounge with feature fireplace and French doors leading to conservatory
• Bar area
• Spacious dining room
• Commercial kitchen with fryer, gas hob and oven, grill and extractor system
• Owners' accommodation with lounge, 2 x double bedrooms and family bathroom

First Floor
• Room 1: double bedroom with balcony, sea views and en-suite shower facilities
• Room 2: double bedroom with balcony, sea views and en-suite shower facilities
• Room 3: double bedroom with balcony, sea views and en-suite shower facilities
• Room 4: double bedroom with balcony, sea views and en-suite shower facilities
• Room 5: double bedroom with en-suite shower facilities
• Room 6: double bedroom with balcony, sea views and en-suite shower facilities
• Room 7: double bedroom with en-suite shower facilities
• Room 8: double bedroom with en-suite shower facilities
• Room 9: double with access to bathroom
• Bathroom for room 9
• Room 10: double bedroom with en-suite facilities

External
• Private parking to front with spaces for up to 10 vehicles

Business Operation

Trading hours:

All year round