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#Business ID: 10876

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Successful Guesthouse In Stunning Location

Business Location: Lynmouth, Devon, England

Asking Price: £ 549,950 Revenue: not disclosed Cash Flow: not disclosed

Business Summary

Beautiful Exmoor Park, Seaside Village, 8 Newly Refurbished Ensuite, Guestrooms, Separate 3-Bedroom Owners Flat Licensed BarSecure Parking for 10 Cars Riverside Terrace with Sea and River Views, Excellent Location Potential to Increase Business.

A recently refurbished eight bedroom B&B hotel with 3-bedroom owners flat and parking for 10 cars, by the river in the picturesque and popular Exmoor harbour-side village of Lynmouth. Licensed bar and sunny riverside terrace area. An excellent lifestyle business, ideal for a couple or family to run.The accommodation includes eight comfortable and newly re-furbished en-suite guest bedrooms; a riverside sun terrace with stunning views up the East Lyn river valley and down to the sea; comfortable licensed bar and guest lounge area; garage parking for 8 cars plus 2 additional spaces on the drive; Owners separate and newly re-decorated, 3-bedroom flat with its own entrance to the river path and drive. Cobbled garden space. Currently trading for a seven-month season (owners’ lifestyle choice), with income over the VAT threshold. Scope to expand the business with the addition of a terrace tea gardens/cafe and/or an evening restaurant. East Lyn House has a full restaurant licence.

Guest Accommodation and Service Areas

Ground Floor

The front door opens into the reception area with doors to the office and bar area and stairs to the first floor.

Guests Lounge & Bar Area
The lounge area has an open fireplace with stone mantle and surround and comfortable sofas and tables. The bar area also has a sofa, chairs and tables and opens onto the river terrace. Part-glazed double doors open onto the dining/breakfast room. A swing door opens onto the kitchen.

Windows to two sides and an open fireplace.

Guests Dining Room
A conservatory-style dining/breakfast room with windows on three sides, with tables and chairs for 16 guests. Double French doors open onto the river terrace which is furnished with wooden tables, chairs and umbrellas and offers stunning views up the East Lyn River Valley and down to the sea.

Fully fitted trade kitchen with oil-fuelled Aga range cooker. Stairs to basement flat and doorway to bar area.

First Floor
Four newly-refurbished en-suite double rooms, (two with baths and showers and two with showers). All rooms have flat screen TV and DVD players, tea and coffee facilities and hair dryers. One of the rooms has a four poster bed. Rooms are all double aspect with views to the sea or the river. There is also a separate toilet with hand basin.

Second Floor
Three double bedrooms and one twin/family bedroom, all en-suite (two with baths and showers and two with showers). Rooms are all double aspect with views to the sea or river. Built in linen/store cupboard.

Owners Accommodation
A private, spacious lower-ground floor flat with its own separate entrance to the river path and stairway to the ground floor. Includes: kitchen; living room with stone fireplace, bay windows, & door to 3rd bedroom/office; bathroom; two further bedrooms, one with fitted wardrobes.

A good sized, sunny, paved terrace overlooking the river, with stunning views up the East Lyn River Valley and down to the sea. In our opinion, the terrace presents a valuable potential additional income stream for any new owner wishing to provide cream teas, drinks, meals or to further exploit and increase the hotel’s bar custom. It benefits from year round passing trade as visitors walk the river path directly alongside.

A cobbled paved triangular private garden with space for sitting and drying clothes etc.

There is garage parking for eight cars and a further two outside parking spaces on the drive. Within the garage are doors to the boiler/drying rooms, laundry room and beer cellar and to the lockable workshop.

The Business
The business trades over the VAT threshold and currently operates a seven-month season. The season length is the owners’ lifestyle choice and could be extended. Profit could be increased simply by extending the operational periods as well as adding tea gardens and/or a restaurant. The business benefits from passing trade and a fantastic location. Detailed figures are available on request.

Trip Advisor
East Lyn House was awarded the Trip Advisor Certificate of Excellence in 2011 and 2012.

East Lyn House has a premises licence. New owners would also require a personal licence to operate the bar.

Property Details

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