The Kestor Inn, built around 1918 in the Dartmoor National Park, is a popular watering hole with both locals and tourists.
Wendy and Maurice Cox, who bought the freehold in 2010; have decided to make the most of their tourist trade by converting their first floor to provide a bed and breakfast service.
Wendy said: “The floor was last used for bed and breakfast about 12 years ago but it went into decline and had more recently been used for storage. The Inn was originally built as a hotel and with its big rooms, high ceilings and fantastic views, we knew it would be perfect.”
The Coxes worked with Andy Rowe, Relationship Manager in the NatWest Torquay office, to secure a fixed rate loan of £25,000 with no arrangement fee through the Government’s Funding for Lending Scheme.
The money was invested in new electrics, extending the fire alarm system, plumbing and furnishing the rooms, as well as building en suite bathrooms. The Kestor Inn now boasts three double/twin bedrooms and one family room, all with en suite shower rooms.
The Coxes expect the Inn’s £180,000 turnover to increase by £10,000 in the first year, increasing to £30,000 when the B&B is more established. Wendy and Maurice then intend to recruit an additional employee.
Wendy said: “Andy knew it was a good idea from the start and worked hard to support us.”