Widemouth Manor, Widemouth Bay, Cornwall, EX23 0DE
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- SECTOR
Hotel for sale
Key features
- EBITDA circa £460k
- Stunning coastal location
- 10 ensuite letting bedrooms
- Flexible internal trading spaces
- Extensive outdoor trading space
- Onsite manager’s apartment. Energy Rating C
- Christie & Co Ref: 3440628
Description
Widemouth Manor is a substantial detached property set within its own grounds which has benefited from an extensive program of renovations since our clients acquired the business in 2015. The first major development undertaken by our clients was a year-round extension of the west wing, above the existing public bar, to create a large public space known as the Sunset Lounge Bar. During this project, our clients also completely renovated the existing public bar to create a wonderful ground floor space with stunning views out to the ocean, now known as the Sunset Restaurant. Our clients then undertook a single storey extension of the Sunset Restaurant creating an enlarged space as well as a roof top terrace for the Sunset Lounge Bar. Consequently, the business now benefits from three large flexible trading spaces each with its own bar.
The business trades as a popular hotel, restaurant and bar and is popular with tourists and year-round. It benefits from year-round trade as shown in its business performance. The business has developed a good reputation for its food which is served in the Sunset Restaurant and Garden Restaurant. Widemouth Manor is also a popular destination for drinks, with the Sunset Lounge Bar serving cocktails as well as an extensive selection of wines, beers, ciders, spirits and champagne. The business has hosted a variety of events to include weddings, celebrations and private functions. Most popularly hosted in the upstairs Sunset Lounge bar which offers alfresco drinks with panoramic sea views.
The business is run day to day by a trusted team of staff including a general manager. Widemouth Manor is an extremely successful and profitable business with scope to grow, which could suit integration into either an existing group operation or acquisition by an individual operator.
Widemouth Manor offers mesmerising views overlooking one of the most scenic locations in Cornwall. The property is situated in a raised position with panoramic views of the beach and the Atlantic Ocean.
Widemouth Bay is a wide sandy bay stretching for nearly two miles. It’s a popular surf spot and a Blue Flag beach. Bude was previously voted the best UK coastal resort in the British travel awards. Situated just three miles south of the seaside town of Bude and accessible along the South West Coast Path and located on a popular cycle route, Widemouth Bay offers unrivalled scenery, and ideal conditions to learn to surf or body-board. At the southern end of the beach the shore becomes very rocky; known as Blackrock Beach, there is an abundance of rock pools and it is home to an array of biodiverse marine life and the distinctive formation ‘Black Rock,’ which rises above the sea. The area has seen a significant rise in popularity in recent years which has lead to several luxury developments, reflecting the increasing status of this stunning part of the Cornwall coast.
Widemouth Bay is best accessed via the A39 which connects to the A30 dual carriage way via the A395. Newquay International Airport is located 36 miles south west of Widemouth.
•Garden Bar (inside) - Overlooking the back gardens with side views of the sea - 26 seated for dining
•Garden Restaurant (inside) - Overlooking the back gardens with side views of the sea - 46 seated for dining
•Sunset Restaurant - Ground floor room with full panoramic sea views - 95 seated for dining
•Sunset Lounge Bar - First floor bar with dual aspect panoramic sea views over the whole bay. Access to the first floor roof terrace. - 60 seated
This is the current layout of each area which has plenty of room for scope.
• Fully equipped commercial kitchen
• Cellar
• Ladies & Gents W.Cs
• Office
Trade fixtures and fittings are included in the sale.
Letting Accommodation10 individually designed ensuite letting bedrooms are on offer at Widemouth Manor. Some rooms offer panoramic sea views over the bay whilst other have garden views from their balconies. There are a mixture of sizes and styles of accommodation to meet all guests' requirements.
The accommodation comprises:
2x Deluxe Rooms
2x Triple (balcony rooms)
3x Double rooms
3x Single rooms
• Three stunning flexible outdoor trading areas, currently set up to seat 150-200, but with capacity to be increased if required.
• Car Park - 65 spaces
•Sunset Lounge Balcony - Rattan furniture and sofas, seating 16. Capacity for more seating if required
One bedroom managers apartment
StaffThe business includes a full complement of staff. Staff will transfer with the sale.
Trading InformationAccounts for the year ending 28 February show an EBITDA of:
2025: £458,000
2024: £496,085
2023: £493,253
2022: £518,749
2021:£393,786
Further trading information is available on request.
Although there is year-round business at Widemouth our clients choose to trade the business for 10 months of the year, closing in January and February, to allow staff time for holidays and to undertake improvement works to the property. There would be sufficient demand in the area to trade for 12 months of the year but this is the choice of the current owners and can easily be altered.
Investment SummarySale Terms
Widemouth Manor is available to purchase as a share sale via the acquisition of the 100% issued share capital in Sian Marie Hotel Limited (09421521). The company owns the freehold and operates the business.
Asking price £2,900,000
Lease Terms
Alternatively, our clients will consider offers to lease the business.
Ingoing premium £325,000
Annual rent £200,000-225,000 (exclusive of vat if applicable)
Proposed as a 21 year + full repairing and insuring lease with rent reviews every 3 years
The property is held freehold.
Business RatesRateable value £75,500. Please note this is not the amount you pay in business rates. This is used to calculate the business rates bill.
RegulatoryPremises licence. Wedding licence.
Energy Performance Certificates
EPC 1Brochures
Widemouth Manor, Widemouth Bay, Cornwall, EX23 0DE
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Liskeard Station23.4 miles
Notes
Disclaimer - Property reference 3440628-fh. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Christie & Co, Hotels. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.
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