Guest House With Development Potential | | Clacton on Sea Essex | | GUEST HOUSE WITH DEVELOPMENT POTENTIAL - ESSEX Quality position in the popular resort of Clacton-on-Sea Turnover £104,820 pa with huge growth potential | | BUSINESS FOR SALE ADVERT DETAILS ADVERT NUMBER : 29895
ADVERT IMPRESSIONS : 26,979 TIME(S) | | | | BUSINESS SECTOR: | Hotels / Pubs / Accom | | TRADE TYPE: | Guest Houses | | SALE: | Agent Sale | FREEHOLD: | £450,000 | | | | | | | | | | Add this business advert to your: | | | | | | | | | | | | | | | BUSINESS DETAILS: | GUEST HOUSE WITH DEVELOPMENT POTENTIAL - ESSEX
Quality position in the popular resort of Clacton-on-Sea
Turnover £104,820 pa with huge growth potential
Regular repeat trade at high gross margins
HMO licence (Home Multiple Occupancy)
Well presented owners accommodation
Early viewing highly recommended
FREEHOLD
Accommodation
Well presented and maintained detached three storey Victorian property offering 14 letting rooms plus 2 self contained 1 bedroom flats and quality owners quarters briefly comprising:
GROUND FLOOR
Impressive entrance hall with original tiled floor. Spacious hallway with reception desk and advertising for local entertainments etc, spacious and well decorated guest lounge with feature fireplace, large well equipped dining room with tables and chairs for 20 covers, fully equipped and fitted kitchen with a range of quality base and wall units plus a wide variety of appliances.
Owner's accommodation briefly consists:
1x large lounge with wooden floors and door to 1x sun lounge. 1x double bedroom with fitted wardrobes, 1x shower room and toilet, 1x laundry room with fitted appliances and owners dining room with cctv.
2x self contained flats briefly comprising:
1x bedroom, 1x bathroom, 1x lounge, 1x fully fitted kitchen and a impressive central staircase leading to all floors.
FIRST FLOOR
Large landing with quality carpet and decoration and storage cupboard.
1x single with sink quality furniture and TV, 1x double room with sink plus balcony and quality furniture and TV, 1x family room with sea view sink and fridge plus and TV, 1x double room with sink and TV, 1x single room with fire escape quality furniture and TV, 1x family room with sink, bunk beds and en-suite toilet, 1x toilet, 1x double room with sink, TV and fridge, 1x storage room, 1x full bathroom with 3 piece suite and a staircase leading to second floor.
SECOND FLOOR
Large landing with quality carpet and decoration.
1 x double room with en-suite shower room quality furniture and TV, 3x double room with sink and fridge plus TV, 1 x shower room fully tiled with wash hand basin, 1 x single room with fire escape, 1 x double room with sink and fridge. 1 x toilet.
EXTERNAL
On street parking to front and lawned area to the front of the property and parking on the driveway located to the side of the property.
Financial Profilre & Tenure
Turnover: £104,820pa
Gross profit: £103,137
Stock approximately: £500
We are advised freehold
Opening Hours
Hours to suit
Location
This quality guest house is located on a quiet tree lined street in the popular and thriving seaside resort of Clacton-on-Sea. The business position is ideal for all that Clacton has to offer being only minutes walk to the award winning seafront gardens plus the South facing West Cliff and Martello beaches. A further 3 minutes walk is the famous Clacton Pier where a wide variety of entertainment can be found. The business is surrounded by a wealth of complimentary shops, hotels and guest houses all of which bring high tourist numbers to the resort. Clacton and the surrounding resorts and villages have strong road and rail links with mainline train station and the A120 and A133 trunk roads.
Business History
Meridian Business Sales are delighted to offer to the market this superb guest house which has been in the careful hands of our clients since 2003 and are only now selling the business due to their wish to take a well earned retirement due to ill health. Since our clients took over the business they have embarked on a full refurbishment program to all areas of the property culminating in a true walk in and trade opportunity. Our clients have continually developed the business by introducing new income streams which have increased the turnover on a year on year basis. Our clients inform us that the current turnover runs at £104,820 pa with a gross profit of £103,137. The turnover is derived from offering quality bed and breakfast service to the tourism market and to travelling business professionals and contractors. The business enjoys a strong reputation with its regular clientele and because of this enjoys high levels of repeat trade. Planning permissions could be sought to turn the property into apartments as the building would lend itself at reasonable costs to this type of development. Our clients inform us that due to other properties in close proximity having been granted similar permissions it is likely that planning could be sought. Meridian Business Sales recommends early viewing of this business so as to fully appreciate the quality and future prospects. | | | | | | FOR SALE | | | | | REFERENCE: | 1957 / RightBiz | | | | | | Request more information about this business.. | | ENQUIRIES: | | | | CONTACT SELLER TO GET THE SELLERS DIRECT CONTACT DETAILS AVAILABLE TO MEMBERS ONLY | | | | | | | | | | | |
