Business Summary:
Freehold Guest House Offering Excellent Three Star Rated Accommodation
Ref.AC152
Location North East Coast
Asking Price £ 650,000
This well known guest house has been run by the current owners for the past eight years.In that time they have completely refurbished the accomodation and facilities within the building.There are twenty three bedrooms, all but two have wonderfull sea views and thirteen of the rooms have en-suite facilities The guest house now offers a most welcoming feel to its residents wiith a nautical theme running through the building.
Catering for commercial and contract workers, the guest house is often full, especially with large industrial companies nearby, always on the look out for reasonably priced accomodation. This is an excellent location as the guest house caters for both workers during midweek and receives tourists during the weekend.
The owners provide a two course meal Monday to Thursday, for an additional cost, and this is prepared and cooked by the owners themselves.Meals are served in the attractive and spacious dining room on the ground floor.
The business is profitable and easy to run with low overheads and works to simple business principles of providing a friendly, competitive and quality service to its residents.
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| Year
Business was Established: 2003 |
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| Number of Employees:
04FT |
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| Facilities / Terms of Lease:
This is an historical guest house which records say dates back to the 19th century. It has 23 bedrooms on four floors, the majority of which are en suite and have sea views. On the ground floor is the reception area, dining room, residents lounge and the owners flat.
There are two cellars which are used as a workshop with storage, and also houses the gas central heating system. |
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| Potential
Growth/Expansion:
There is a dining room but this is only used for residents. They could easily add a bar and restaurant facility within the premises and achieve hotel status. Being on the sea front there would also be scope to serve afternoon teas during the summer and at weekends.
They have been trading consistently over the past eight years and the current owners have maintained the business at a level that is comfortably manageable to them based on the current infrastructure.
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| Owner
willing to train:
Both the owners would be happy to help out with a smooth transition of the business and help in anyway possible. |
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| Reason for selling:
The owners would like to retire and believe this would be a perfect time for someone to takeover a thriving guest house with room for growth and expansion. |
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Seller Reference Number: AC152
BusinessMart.com Listing Number: 112563 |
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