Superb 4 Star Silver Award Winning Guest House | | Great Yarmouth Norfolk | | SUPERB 4 STAR SILVER AWARD WINNING GUEST HOUSE 6 quality letting rooms all with disabled access Located close to Norwich, Great Yarmouth, Lowestoft and Beccles | | BUSINESS FOR SALE ADVERT DETAILS ADVERT NUMBER : 40728
ADVERT IMPRESSIONS : 25,949 TIME(S) | | | | BUSINESS SECTOR: | Hotels / Pubs / Accom | | TRADE TYPE: | Bed & Breakfast | | SALE: | Agent Sale | FREEHOLD: | £730,000 | | | | | | | | | | Add this business advert to your: | | | | | | | | | | | | | | | BUSINESS DETAILS: | SUPERB 4 STAR SILVER AWARD WINNING GUEST HOUSE
6 quality letting rooms all with disabled access
Located close to Norwich, Great Yarmouth, Lowestoft and Beccles
Estimated turnover of £50,000 pa with huge growth potential
Ideal location to introduce afternoon teas
Scope for further development
Growing business with change of use potential to Dentists practise or Doctors surgery
FREEHOLD
Location
This superb 4 star, silver award winning guest house is located on the main through road of the popular and affluent village of Fritton in the county of Norfolk. The position of the business is ideal to maximise on the passing trade of tourists visiting the Broads and business people to nearby towns and resorts and the city of Norwich. The guest house stands in its own grounds with a large car park and lawned gardens and is accessed via a gravelled driveway. Fritton is a quaint hamlet with a local pub, petrol station and a wealth of quality period properties and is surrounded by picturesque countryside that Norfolk is renowned for. The business is located in a prime position for guests to explore the pretty villages of Beccles, Bungay and Southwold and of course the Norfolk Broads. The larger tourist resorts of Great Yarmouth and Lowestoft are easily accessed via the A143 and A12 and the thriving city of Norwich is just 18 miles via the A146.
Business History
Meridian Business Sales are delighted to offer to the market this superb 4 star, silver award winning guest house which has been in the careful hands of our clients since 2006. The only reason our clients now wish to offer this superb guest house to the market is due to their desire to purchase a larger business. Since our clients took over the business they have embarked on a full refurbishment program to all areas, culminating in a true walk in and trade opportunity. Our clients have continually upgraded the business by introducing new income streams and they inform us that the introduction of afternoon teas would be a popular addition. Turnover has increased on a year on year basis and our clients inform us that the current turnover runs at approximately £50,000 pa with a gross profit margin of 85%. This income is derived from offering a 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. The layout of the rooms and the property would also be ideal for a change of use (STPP) such as a dentist practise or doctors surgery as all of the rooms are on ground level with wheel chair access. The building fully conforms to fire regulations and also has CCTV to the front and rear of the property. Meridian Business Sales recommends early viewing of this business so as to fully appreciate the quality and future prospects on offer.
Financial Profile
Turnover: £50,000pa
Gross profit: 85%
Stock approximately: £500
Tenure
We are advised freehold
Opening Hours
Hours to suit
Accommodation
Well positioned and appointed red brick property with converted attached barn renovated into letting rooms with large gardens and countryside views, briefly comprising:
GROUND FLOOR - Main entrance porch leads to an impressive central reception room with an Oak staircase to the first floor. Fully fitted and equipped kitchen with base and wall units, ceramic tiled floor plus quality built-in appliances plus Range master and AGA.
Large lounge with open fire quality carpet and decoration plus views over the gardens and countryside.
Large breakfast room with quality Karndean flooring, wide screen TV and a range of free standing quality tables and chairs with disabled access ramp from the car park. Same level access to the stable rooms and garden.
1 double room with en-suite shower, flat screen TV, quality furniture and decoration.
1 twin room with en-suite shower, flat screen TV, quality furniture and decoration.
Stable rooms are all en-suite with views of the gardens and all have quality furniture, Karndean flooring, flat screen TV plus tea and coffee making facilities, under floor heating and heated towel rails and pressurised water system throughout.
2 double rooms
2 twin rooms
1 store room
All rooms have a paved area with table and chairs for morning coffee.
FIRST FLOOR - Owners Accommodation
Large gallery landing with quality carpet and decoration
1 double room with en-suite shower with stunning country views
1 office with a range of office furniture
1 family bathroom with modern three piece suite and wall tiling
1 double room
EXTERNAL
Large gravelled driveway and car park
Disabled access ramp
Large lawned garden with fountain
Wooden cabin house with power supply
Paved patio to all of the stable rooms
Mature trees and shrubs to all borders | | | | | | FOR SALE | | | | | REFERENCE: | 2032 / RightBiz | | | | | | Request more information about this business.. | | ENQUIRIES: | | | | CONTACT SELLER TO GET THE SELLERS DIRECT CONTACT DETAILS AVAILABLE TO MEMBERS ONLY | | | | | | | | | | | |
