8925B FREEHOLD GUEST HOUSE £399,500 + SAV
Asking Price: GBP
399500
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| Description: |
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Advent Business Sales are delighted to offer this extremely well established, unique self service guest house, which has recently been totally refurbished and decorated to excellent standard.
The owner does not need to live on the premises, thus using the whole of the house for profitable business.
Accommodation is for 6 people in up to 5 rooms. At present it is operating at 65% occupancy, which is increasing annually as surrounding companies find out how good the accommodation is.
The current vendor has been in ownership for the past 18 months and has been the instigator of much major improvement.
The owner is reluctantly selling due to health reasons, which have only come to a major point in the last couple of months.
The regular clients consist of local company managers and NEC bookings although as recommendation spreads, so are bookings coming from much further a field, even from the continent.
The business advertises on 15 web engines and has its own profitable web site. The vendor expects occupancy levels to increase to 90% as companies become aware of the major refurbishments.
1 part time housekeeper/cleaner staff the business with attention by the owner.
Room rates at present per night are:
• Single standard £35
• Double standard £40 (1 person) £55 (2 people)
• Single ensuite £45
• Double/triple ensuite £65
• Double/triple ensuite
• And private lounge £75
REF: 8925B
BUSINESS PREMISES
The property is a large two storey semi detached corner house, it is double fronted with ample off road parking.
The front door is central to the property and leads to a lobby area, the inner door is opened by means of a coded lock, there are doors to both the left and right and a stairway to the first floor.
To the left is a general lounge with guest TV and easy chairs. To the rear of this is a fully fitted large kitchen/dinette, complete with cooker, fridge, sink, cupboards, work surfaces, microwave, toaster, table and chairs, there is also a house keeping cupboard. To the back of the kitchen is a washing machine and access to the rear garden.
To the right in the kitchen in access to the 3 rooms consisting of a full bathroom/wc.
A large bedroom with a single bed and a doubled bed, leading to a private lounge with TV/fire/and easy chairs.
This leads back to the front door and can be accessed to the right from the front door.
The first floor
• a single with ensuite,
• double/single with ensuite.
• Single standard
• double standard with hand basin
• A separate bathroom and w/c.
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External
• Off road car parking facility paved to the road with a side entrance fenced in to the back garden area.
• To the rear is a beautiful mature, low maintenance garden with top and rear patio areas. |
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| Financial Information: |
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| Annual gross sales: (GBP) |
N/A |
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Yearly Revenue: (GBP)
Total yearly sales revenue |
36000 |
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Net Profit: (GBP)
Total profit before taxes |
N/A |
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| General Information: |
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| Business Area: |
Our client is conveniently situated in the West Midlands close to the NEC and Birmingham International Airport. It is located in a highly residential area, consisting of quality housing stock. The immediate surroundings are quiet and well ordered. Both the M6 and M42 are close, affording business people, who are using the guest house, easy access to their designated place of work, yet peace and quiet which is required at the end of a long day. Through Birmingham International there are maj |
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| Year Established: |
3 |
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Is Relocatable?:
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No |
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| Business closed or an asset sale : |
No |
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| Is Home based business?: |
No |
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| Real estate status: |
Yes |
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| No of trading hours: |
24hrs |
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Market competition and expansion:
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EXPANSION POTENTIAL
There is fantastic scope which shows in the year upon year increase in turnover as more companies find this gem of a guest house. |
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