Attractive And Inviting 3 Star Guest House | | Bowburn County Durham | | ATTRACTIVE AND INVITING 3 STAR GUEST HOUSE DURHAM Excellent location alongside A1 and close to city centre Historical income in excess of £40,000 | | BUSINESS FOR SALE ADVERT DETAILS ADVERT NUMBER : 40586
ADVERT IMPRESSIONS : 21,507 TIME(S) | | | | BUSINESS SECTOR: | Hotels / Pubs / Accom | | TRADE TYPE: | Bed & Breakfast | | SALE: | Agent Sale | FREEHOLD: | £300,000 | | | | | | | | | | Add this business advert to your: | | | | | | | | | | | | | | | BUSINESS DETAILS: | ATTRACTIVE AND INVITING 3 STAR GUEST HOUSE
DURHAM
Excellent location alongside A1 and close to city centre
Historical income in excess of £40,000
Potential for much more
7 letting rooms, 5 with en-suite facilities
Extremely well presented internal areas
Scope for further development
Early viewing essential to fully appreciate
FREEHOLD
Location
The guest house enjoys a fantastic and prominent corner location at the side of an extremely busy main road leading to the interchange roundabout at Junction 61 of the A1, which also houses Durham service station. The surrounding area comprises predominantly of residential housing, plus a handful of additional retail and service facilities for the local community, with scenic open countryside beyond. The historical city of Durham, famous for its Norman cathedral and castle and its top rated university, lies within easy reach being only approximately 4 miles to the North. The easily accessible guest house is in an enviable and convenient position to take advantage of both the businessmen and tourists that are attracted to the area, and being adjacent to the A1 also allows superb access to the other major cities in the Northeast, especially Newcastle, Sunderland and Middlesbrough, and in addition, provides a convenient stop-off for travellers to and from Scotland.
Business History
Meridian Business Sales are delighted to offer to the market this superb and extremely homely and inviting guest house which has been awarded a 3 star rating from Visit Britain. Having been established since the 1960's, the business was acquired by the current owner in 2000, and is only now being offered to the market due to the owners other interests and commitments. The small, friendly guest house has built up an excellent reputation for providing quality accommodation and has a comfortable and homely charm which appeals to many customers and ensures that there is a significant amount of repeat and regular business. The guest house obtains a great deal of custom from businessmen, tourists and visitors to Durham University and also has excellent relationships with Durham hockey team and the local clergy who in turn recommend the guest house to their respective visitors. Present takings are in the region of £35,000 per annum, although historically they have been in excess of £40,000. This partly reflects the owners desire to largely take in preferred customers only and there would appear to be plenty of potential for an enthusiastic new owner to significantly expand turnover, The business has an excellent website which currently provides around 20% of turnover from visitors around the world, and could easily be developed to increase trade significantly. Early viewing of this excellent business comes highly recommended.
Financial Profile
Turnover £35,000 pa
Gross Profit 75%
Tenure
We are advised freehold
Accommodation
Substantial corner property over 2 storeys providing extremely well presented and homely accommodation and communal areas for residents. There is a small yard to the side with secure car parking for 1 vehicle, plus plenty of on-street parking around the property.
Ground Floor
Small vestibule with guest notice board leading to main hallway.
Extremely comfortable residents lounge.
Double room (en-suite)
Twin room (en-suite)
Conservatory dining room currently arranged to comfortably accommodate 14 covers
Owners room
Kitchen
Laundry room
Utility/Store room leading to outside yard
First Floor
Family room - 1 double bed and 1 single bed (en-suite)
Family room - 1 double bed and 2 single beds (en-suite)
Double room (en-suite)
Single room
Single room
Shower room
WC
External
Rear patio accessed from the conservatory
Side yard with secure car parking for 1 vehicle | | | | | | FOR SALE | | | | | REFERENCE: | 1739 / RightBiz | | | | | | Request more information about this business.. | | ENQUIRIES: | | | | CONTACT SELLER TO GET THE SELLERS DIRECT CONTACT DETAILS AVAILABLE TO MEMBERS ONLY | | | | | | | | | | | |
