Superb Character Guest House With Residential Apartments | | Skegness Lincolnshire | | SUPERB CHARACTER GUEST HOUSE WITH RESIDENTIAL APARTMENTS - SKEGNESS Well presented property with separate owners apartment All year round income plus high season earning potential | | BUSINESS FOR SALE ADVERT DETAILS ADVERT NUMBER : 27924
ADVERT IMPRESSIONS : 31,885 TIME(S) | | | | BUSINESS SECTOR: | Hotels / Pubs / Accom | | TRADE TYPE: | Guest Houses | | SALE: | Agent Sale | FREEHOLD: | £369000 | | | | | | | | | | Add this business advert to your: | | | | | | | | | | | | | | | BUSINESS DETAILS: | SUPERB CHARACTER GUEST HOUSE WITH RESIDENTIAL FLATS - SKEGNESS
Well presented property with separate owners apartment
All year round income plus high season earning potential
Turnover £50,000pa with huge growth potential
Early viewing highly recommended
Close to the centre and beaches
Scope for further development
Offers over £338,000
FREEHOLD
Location
This character 6 letting room guest house with 3 self contained apartments is located on one of the main routes into the centre of the popular seaside resort of Skegness. Skegness is a seaside town in the county of Lincolnshire and is popular with tourists and holiday makers. Located along the Lincolnshire coast of the North Sea, it is 43 miles (69 km) East of the city of Lincoln. Over the last 5 years Skegness has undergone a full facelift with the local authority spending millions in upgrading the facilities and attracting higher tourism figures to this now quality resort. The area has strong road and rail links via the A16 and A52 trunk roads plus mainline station, making travelling and communting very easy.
Business History
Meridian Business Sales are delighted to offer to the market this unique and quality 6 letting room guest house with 3 self contained apartments. The only reason our clients are now putting the business onto the market is due to their desire to take well earned retirement after over 20 years service. Since our clients took over the business they have embarked on a full and constant refurbishment program to all rooms and common areas of the property culminating in a true walk-in and trade business. Our clients inform us that the current turnover is £50,000 pa with a gross margin of 85%. This is derived from offering bed and breakfast on an all year round basis plus additional rental income from the 3 self contained apartments. The business is currently being run at a pace to suit our clients but they have informed us that there is huge growth potential for any new hands on owner. This business is unique to the resort as it has the 3 apartments that produce an all year round income where other guest houses in Skegness can only draw an income from the summer peak tourist season. The business enjoys a strong reputation built up over the years from which it enjoys a high level of repeat bookings which is the mainstay of any guest house. We recommend early viewing of this unique business.
Financial Profile
Turnover: £50,000pa
Gross profit: 85%
Stock approximately: £500
Tenure
We are advised freehold
Opening Hours
Open all year round
Accommodation
Large 2 storey brick built guest house with 6 letting rooms and 3 self contained apartments, briefly comprising:
GROUND FLOOR - Impressive entrance with original flooring and spacious hallway with reception and stair access to other floors. A large breakfast room with a range of quality tables and chairs, large lounge area with fixed seating open fire and built in bar
1 x family room with en-suite
1 x twin room with en-suite
Fully fitted kitchen with a range of base and wall units
Staircase leading to the first floor landing
FIRST FLOOR - Large landing with quality carpet and décor
1 x double room with en-suite TV and tea & coffee facility
1 x family with en-suite bath TV and tea & coffee facility
1x double with en-suite TV and tea & coffee facility
1 x family with en-suite TV and tea & coffee facility
Storage facility on the landing
Apartments briefly consist of:
Apartment 1 - 2 x double bedrooms
Large lounge, fully fitted kitchen and family bathroom
Apartment 2 - 1x double bedroom
Large lounge, fully fitted kitchen and family bathroom
Apartment 3 - 1 x bedsit with kitchenette and en-suite shower room
Owner's apartment - 2 x double bedrooms (one of the bedrooms has door access to the main landing so could be used as an additional letting room if desired). Large lounge, fully fitted kitchen and family sized bathroom plus en-suite to the main bedroom
EXTERNAL - Car parking for 10 cars, rear access to courtyard garden, fire escape to the apartments and parking to the front of the property | | | | | | FOR SALE | | | | | REFERENCE: | 1900 / RightBiz | | | | | | Request more information about this business.. | | ENQUIRIES: | | | | CONTACT SELLER TO GET THE SELLERS DIRECT CONTACT DETAILS AVAILABLE TO MEMBERS ONLY | | | | | | | | | | | |
