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AC152-Freehold Guest House Offering Excellent Three Star Rated Accommodation
Asking Price:
GBP 650000
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Business Location:
United Kingdom » Others » North East Coast
Category:
Leisure
»
Hotels & Holiday Accommodation
Description:
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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Financial Information:
Annual gross sales: (GBP)
N/A
Yearly Revenue: (GBP)
Total yearly sales revenue
250000
Net Profit: (GBP)
Total profit before taxes
N/A
General Information:
Business Area:
Year Established:
2000
Is Relocatable?:
No
Business closed or an asset sale
:
No
Is Home based business?:
No
Real estate status
:
Yes
Reasons 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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