Specialist Guest House Nottinghamshire | | Retford Nottinghamshire | | SPECIALIST GUEST HOUSE - NOTTINGHAMSHIRE Well established business with repeat customers Turnover of £21,628 with good gross profits | | BUSINESS FOR SALE ADVERT DETAILS ADVERT NUMBER : 57868
ADVERT IMPRESSIONS : 12,287 TIME(S) | | | | BUSINESS SECTOR: | Hotels / Pubs / Accom | | TRADE TYPE: | Bed & Breakfast | | SALE: | Agent Sale | FREEHOLD: | £175,000 | | | | | | | | | | Add this business advert to your: | | | | | | | | | | | | | | | BUSINESS DETAILS: | SPECIALIST GUEST HOUSE - NOTTINGHAMSHIRE
Well established business with repeat customers
Turnover of £21,628 with good gross profits
Situated in the Popular town of Retford
Early viewing strongly recommended
1 bedroom private accommodation
Superb town centre location
5 letting rooms
FREEHOLD
Location
This specialist guest house is located in the town centre of Retford, it is surrounded by numerous commercial concerns and is ideally located to take advantage of all the local towns many facilities. Retford is a market town in Nottinghamshire in the East Midlands it is located approximately 31 miles from Nottingham and 23 miles from Lincoln. It is ideally located to take advantage of the towns main industries including 2 power stations (a further power station is also due to open) the local Rampton Hospital and HMP Retford which all provide superb opportunities for regular custom. Retford is reached easily and has superb rail and road links, the A1 and A57 are both within a short drive providing access to the UK's wider motorway network whilst the local train station is within a 10-15 minute leisurely walk.
Business History
Meridian Business Sales are delighted to offer to the market this superb guest house which has been established for 15 years and in the capable hands of our client for the past 10 years. The only reason the business is being made available is due to our clients desire to take a well deserved retirement. Since owning the business our client has established a marvellous reputation and benefits from a high percentage of repeat customers. We are advised of an annual turnover of £21,628 which is derived from the letting of our clients 5 guest rooms. The business specialises in accommodation for the many contract workers that visit the local town, in particular building contractors that work at nearby HMP Ranby and the local Rampton Hospital. The business is especially popular with contractors that are required year round at the 2 local power stations that provide a high percentage of our client's turnover. The business has great potential to increase upon turnover as it is now run at a pace to suit our clients lifestyle, there is scope to introduce a breakfast and evening meal service which our client chooses not to pursue, the business would almost certainly benefit from a more aggressive marketing strategy as it is currently advertised on a limited basis. In addition the introduction of a website could also have a positive impact on the turnover. The business has a fabulous town centre location and could also be considered for a change of use to convert to either offices or a shop. This is a wonderful opportunity to purchase a long established business with great potential for improvement and as such early viewing is highly recommended.
Financial Profile
Turnover: £21,628pa
Stock approximately: £1,000
Tenure
We are advised freehold
Opening Hours
Trades all year round
Accommodation
Mid terraced 3 storey property in a superb town centre location, all guest rooms are spacious and well presented, briefly comprising:
Ground Floor
Secure entrance to hallway, leading to owners' private lounge, owners' double sized bedroom, toilet, spacious dining room with 6 covers, utility room and fitted kitchen providing access to rear yard. Staircase leading to first floor residents accommodation
First Floor
1 x single bedroom
1x twin bedroom with shower
1 x family bedroom
Toilet
Separate toilet and shower
Fire escape to rear yard and stairs to second floor
Second Floor
1 x double bedroom
1 x twin bedroom
Shower room
External
Rear yard | | | | | | FOR SALE | | | | | REFERENCE: | 2496 / RightBiz | | | | | | Request more information about this business.. | | ENQUIRIES: | | | | CONTACT SELLER TO GET THE SELLERS DIRECT CONTACT DETAILS AVAILABLE TO MEMBERS ONLY | | | | | | | | | | | |
