The Snooty Fox Country Hotel nr. Looe comes to the market
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Written by Russell Weetch
Tuesday, 29 April 2008
 Miller Commercial of Truro are bringing to the market The Snooty Fox Country Hotel in the hamlet of Morval, Nr. Looe, S.E, Cornwall. The business, which enjoys a rural setting alongside the A387, is available off a freehold guide price of £850,000 SAV.

The detached, Snooty Fox Country Hotel, is licensed and has been thoroughly refurbished within. It now provides 11 en-suite guest bedrooms together with well appointed public rooms, which include, an 80 cover restaurant and a spacious bar lounge offering a further 30 covers. The business benefits from good-sized, 3 bedroomed owners accommodation, which offers a lounge and kitchen/diner. Outside, the hotel stands in generous, landscaped gardens, with 2 paddock areas and ample parking for 60 cars.

The hotel is currently run as a family business and enjoys considerable goodwill in the local rural community and from neighbouring Looe. It trades well with Audited Accounts for the year to June 2006 showing turnover of £244,000, a G.P. of 58% and a reconstituted net profit in the region of £72,000. Late in 2006, 5 of the now 11 bedrooms became available, and therefore these figures do not reflect the additional turnover generated from them in a full year.

Russell Weetch, Head of Hotels, Licensed & Leisure at Miller Commercial comments, ‘The Snooty Fox is well known in S.E. Cornwall and it is open for business throughout the year. In the summer it attracts tourists seeking accommodation, and in the winter it is kept busy by the local community seeking functions at a hotel offering good value for money. We expect strong interest from within and outside of Cornwall’.

FOR FULL DETAILS CONTACT RUSSELL WEETCH AT MILLER COMMERCIAL TRURO ON 01872 247005.