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Lifestyle Business, Bed And Breakfast,licensed Restaurant, Development Opportunity For Sale

Axminster, Devon
Freehold Price:
£1,175,000 Furniture / Fixtures included
Lease Asking Price:
£88,000 Furniture / Fixtures included
Sales Revenue:
£100K - £200K
Cash Flow:
Available on request

Devon, Dorset border,close to Jurassic coast, same owners for over 30 years , 4 luxury bed and breakfast en suite rooms, restaurant, licensed bar/ lounge, function room, commercial kitchen, owners two bed accommodation, terrace garden, car park, detached 2/3 bed quaint country cottage

This property is offered for Freehold or Leasehold, with an option on a Owners Mortgage if required.

Property information

Property:

Available as freehold and leasehold

Lease Terms:

20 year lease, 99,000 rent 4,500 per calendar month
Rental only 6,800 per calendar month minimum 24 months ingoings £19,,000(does not include the cottage this can be negotiated separately)

Leasehold Rent:

£54,000 per annum

Living Accommodation:

2 bed owners accommodation (flat)

Location:

Devon, Dorset boarder, close to Jurassic coast, village location

Premises Details:

Detached premises with includes detached cottage ,price with out the cottage is £795,000

Business Operation

Expansion Potential:

Great opportunity to increase opening hours and develop the business as has been run as a retirement

Competition / Market:

No local competition only pub restaurant in the village

Reasons for selling:

Retirement

Trading hours:

We trade to suit our family life style, 3 to 4 days a week

Employees:
Part time, casual
Years established:
Over 100 years, same owners for over 30 years

Other Information

Support & training:

Support and training if required

Owner financing:
Owner financing is available. Please contact the seller for more information.
Financing available:

We are happy to offer a Owners mortgage minimum deposit required 25%(negotiable) rates from 2.25% above base

Inventory / Stock value:
£4,750
Website:
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Leasehold asking price:
£88,000 - Furniture / Fixtures included

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    We will pass a copy of your enquiry information, along with the name of the business you enquired on to finance specialists Rangewell. They will contact you in due course about financing your business purchase.

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