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More Than Your Average B&B/ Guesthouse For Sale

Barnstaple, Devon
Asking Price:
£1,200,000 Furniture / Fixtures included
Sales Revenue:
£50K - £100K
Cash Flow:
Available on request

Like B&B only better! Substantial 12-bedroom Grade II listed farmhouse currently specialising in group bookings and creative retreats - with demand exceeding supply. Fully booked 2018 and 2019.

Rather than a B&B where people are coming and going all the time and staying one or two nights, we take bookings only from groups who fill all the rooms for between 3 and 7 nights at a time. We currently host about 16 to 18 groups a year, only between March and October. It's efficient and much easier to plan in advance. However, the property would be eminently suitable as a traditional guest house / B&B if preferred.

At present, trading deliberately below VAT threshold as we came here to enjoy the lifestyle and surroundings. Plenty of potential to increase turnover if desired.

Adaptable accommodation – potential to divide into flexible self-catering accommodation, or large residential.

Set on western edge of Exmoor with stunning views over surrounding hills, valleys, farmland and moorland.

Dating from c1670 with plenty of original features: stone walls & fireplaces, beamed ceilings etc.

PDF brochure available on request.

Property information

Property:

Freehold

Location:

Idyllic rural location on western edge of Exmoor, with far-reaching views across farmland and moorland. Prime walking country and 10 miles from coast.

Simonsbath 6.5 miles, Lynmouth 10 miles, Barnstaple 12 miles, Woolacombe 15 miles

Premises Details:

Substantial period farmhouse with plenty of old world charm. 8 en-suite bedrooms in main house; 3 large receptions; farmhouse kitchen with oil-fired AGA.

Self-contained cottage with open-plan living area upstairs and 2 bedrooms and bathroom downstairs.

Annexe with workshop, 2 bedrooms and shower room on ground floor, and large open-plan studio on first floor with kitchen area, lounge area, working area, woodburner and toilet.

Garage, various outbuildings, 14 acres of gardens, pasture, woodland and streams.

Business Operation

Expansion Potential:

We host groups only between March and October (our choice). We also limit the number of groups we do in that period as we came here to enjoy the lifestyle, so plenty of scope to increase the offering.

Because of the layout of the building - including 2 staircases in main house - it would be easily adaptable to other uses, such as self-catering holidays. There are also several undeveloped outbuildings on the property with potential for conversion.

Competition / Market:

Niche market with high demand. Because we offer group holidays and retreats, we aren't in competition with other B&Bs / guesthouses locally, and have been fully booked for the last three years - with a waiting list.

Reasons for selling:

Retirement

Employees:
Currently run by husband / wife team with no other employees
Years established:
7

Other Information

Website:
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Related Documents:
Home based:
This business can be run from home.

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