| | | BUSINESS FOR SALE ADVERT DETAILS | | | ADVERT VIEWED : 100,434 TIME(S)
BUSINESS REFERENCE : AC152 / RightBiz AC152- NORTH EAST COAST-£ 895,000-FREEHOLD GUEST HOUSE OFFERING EXCELLENT THREE STAR RATED ACCOMMODATION | | | | | | Freehold Guest House Offering Excellent Three Star Rated Accommodation Ref.AC152 Location North East Coast Asking Price £ 895,000 | | | BUSINESS LOCATION: | Undisclosed Relocatable UNITED KINGDOM | | BUSINESS SECTOR: | Commercial Property | | TRADE TYPE: | Leisure, Pubs & Hotels | | SALE: | Agent Sale | FREEHOLD: | £895000 | | | | | | | | | | | BUSINESS DETAILS: | Business profile:
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.
Customer Service:
Customer service is paramount to the success of this guesthouse. This is a family run business with a warm welcome to all of their guests, many of which return time and time again.
All of the rooms are tastefully decorated and have tea and coffee making facilities with eight channel colour TV. Downstairs there is a resident’s lounge and outside there is CCTV car parking.
Key Strengths:
The key reason why this guesthouse is successful and why their clients stay with them year in and year out, is they offer excellent and friendly, value for money accommodation.
The reputation is such that the business enjoys very high levels of repeat business. The customer base is a mix that ensures a degree of economic resilience. There is an excellent opportunity to build on the solid foundations that the current owners have built.
The guest house is well run, with an excellent team of conscientious staff, who pride themselves on the high standards they have set.
The family owners have invested heavily in upgrading all of the rooms in the building. This always keeps them one step ahead of their competition and continues to provide their clients with in-expensive homely accommodation.
Growth and 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.
The company has an active web-site, but there is no major marketing or advertising budget. They obtain the majority their business from their regular customers and by word of mouth recommendation. A small amount of investment in a sales drive would immediately reap rewards with the high quality and service which is provided.
Key Opportunities:
This is an outstanding opportunity to build on the existing strengths that this guest house already has. New owners with fresh ideas and enthusiasm would be ideally placed to increase the turnover and profits of the business.
Equipment
The sale of the business includes all of the furniture in the rooms and the fixtures and fittings together with decorations throughout the guest house.
There is a fully equipped kitchen with cookers, fridges, freezers, dishwasher and laundry equipment. The dining room can cater for up to 27 people.
A full inventory of equipment will be provided if necessary
Premises
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 house the gas central heating system.
Financial profile:
The business is being offered for sale on a going concern basis, all financial discussions will take place directly between the vendor and all interested parties under the auspices of Turner Butler.
The turnover is circa £250,000 per annum with Gross Profits of circa £90,000.
Employees
The husband and wife team do all of the major tasks in the guest house including the cooking, taking just one day per week off. There are two other members of staff who multi task, including cleaning, serving on in the dining room, and some cooking and reception duties.
Support and Training
Both the owners would be happy to help out with a smooth transition of the business and help in anyway possible
Reason for Sale:
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. | | | | | | FOR SALE | | | | | SELLER: | TURNER BUTLER | | CONTACT: | 01895 25 6000 | | REFERENCE: | AC152 / RightBiz | | ENQUIRIES: | | | | | | | | | | | | | | | | | | | | |
