High Turnover Guest House in Weymouth Dorset featuring Sea Views, 8 En-Suite Rooms & Owner's Accommodation
Weymouth, Dorset
- Status
FOR SALE
- Date Submitted:
28/10/22
- Advert ID
502807
- Reference
H228 / Rightbiz
- Call Agent:
- Leasehold: £395,000 (Stock at valuation)
- Rent: £17,250
- Turnover: £85,000 (£1,635 Per week)
- Net Profit: On request
Key Features
- With Car Park
- Close to Local Amenities
- Attractive Business
- Established Business
- Fully Fitted
- Accounts Available
- Prime Location
Business Details
High Turnover Guest House with views to the harbour or sea from all rooms
Impressive Double Fronted Georgian Property, 8 en suite Bedrooms; Owners Accommodation with delightful ground floor private living room overlooking the sea.
Private Car Parking Space.
Close Harbour and Town Centre
Valuable Internal Only Repairing Lease - Council is responsible for Property Repairs and Exterior Decoration
A classic Georgian Grade 2 Listed bow fronted property with the benefit of gas fired central heating in an enviable position with one of the best views of Weymouth’s fabulous beach where a host of events happen throughout the summer. The property presents itself in very good decorative order. The council has recently carried out exterior decoration works.
The property is held on an advantageous internal only repairing secure lease for a term of 10 years with approximately 8 years unexpired at a current rent of £17,250 per annum. The lease is protected under the terms of Part 2 of the Landlord and Tenant Act 1954.
A well established bed and breakfast business which has been in the present hands for many years, is run by a husband and wife team and is now for sale due to a change in the style of trading.The business is run predominantly in the summer months but three days per month are taken off throughout the trading period. Takings easily achieve the vat threshold of £85,000 p.a. Much repeat business is enjoyed.
Price: £395,000
EPC: Exempt
Contact Agent
Listing Statistics
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Stay Safe
Do not pay any deposit to private sellers upfront. If you are looking to purchase a business, we advise that any deposits or transactions made are through a solicitor to prevent fraudulent activities from occuring.
Stay Safe
Don't share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.
Stay Safe
The vast majority of these scams involve the transfer of substantial sums of money. We advise all transactions made are through a solicitor to prevent fraudulent activities from occuring.
Stay Safe
Send a test amount before you consider handing over a large number of funds. Maybe even try transferring £1, and then speaking to your solicitor to confirm receipt.
Stay Safe
Do not disclose proof of funds directly to the sellers. If the sellers request you to show proof of funds, we advise that it is done through a solicitor to prevent fraudulent activities from occuring.
Stay Safe
Buying a business is not covered by consumer rights legislation. It is your responsibility to acquire a business that holds up in quality and agreement.
Stay Safe
Fraudsters will typically use false news in an attempt to get you to act quickly. For example, 'Your account has been disabled. Reset your password now.'.
Stay Safe
Review the performance of a business to make appropriate financial projections. Some businesses are dormant or not trading, so it is essential to check their short and long-term potential.
Stay Safe
Legitimate emails from Rightbiz will be with the domain @rightbiz.co.uk. However, emails from [email protected], [email protected] or [email protected] are not affiliated with Rightbiz.
Be safe, use a Rightbiz Solicitor
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