Excellent Freehold Guest House West Midlands | | Coventry West Midlands | | EXCELLENT FREEHOLD GUEST HOUSE - WEST MIDLANDS Advised turnover of £20,000 PA with good GP returns Early interest and viewing is highly recommended | | BUSINESS FOR SALE ADVERT DETAILS ADVERT NUMBER : 59164
ADVERT IMPRESSIONS : 9,078 TIME(S) | | | | BUSINESS SECTOR: | Hotels / Pubs / Accom | | TRADE TYPE: | Guest Houses | | SALE: | Agent Sale | FREEHOLD: | £375,000 | | | | | | | | | | Add this business advert to your: | | | | | | | | | | | | | | | BUSINESS DETAILS: | EXCELLENT FREEHOLD GUEST HOUSE - WEST MIDLANDS
Advised turnover of £20,000 PA with good GP returns
Early interest and viewing is highly recommended
Ideal location in central Coventry, West Midlands
Sale price includes all fixtures and fittings
Ideal lifestyle change opportunity
Superb semi-retirement business
Currently not run to full potenial
Very well presented throughout
Scope for further development
Genuine retirement sale
7 bedrooms in total
FREEHOLD
Location
This charming freehold guest house has an ideal location situated in the city centre of Coventry which is in the West Midlands. The guest house is ideally placed just off the city's main ring road with a wealth of neighbouring attractions and public transport facilities within a short walking distance. The guest house really does offer the perfect location to experience Coventry's many attractions and facilities. Coventry Rail Station is a mere stones throw away and the city centre's high streets and retail areas are within just a few minutes walk. The city's theatres and university are also only a few minutes walk making the location a perfect central point for visitors. Coventry is a very desirable business and residential city which offers everything you would come to expect from a modern and thriving area. Coventry has undergone large rejuvenation and expenditure which has attracted many national and international business operators over the past 10 years. Coventry also benefits from having easy access to the M6 and M5 motorway with Birmingham's International Airport and The NEC less than 10 miles away making visiting and commuting very easy.
Business History
Meridian Business Sales are delighted to offer for sale this excellent freehold guest house which has a proud history dating back to 1985. The business and property has been owned by our client since 1989 and is only now being placed onto the market due to her strong desire for retirement. As our client is semi-retired she only trades during the week at half capasity. The guest house achieves an advised annual turnover of £20,000 which is derived from offering guest accommodation throughout the year. The property is exceptionally well known and has a highly visible trading location which attracts new guests throughout the year. The guest house has always enjoyed excellent levels of repeat trade with customers visiting frequently for many years. Our client has gone to considerable expense and effort on the property's presentation which has resulted in an inviting facility which is a pleasure to visit. Our client is very generously including all general fixtures and fittings into the sale price which means a new buyer would not need to spend additional funds for the foreseeable future. The property boasts 7 bedrooms in total leaving a new owner the option of flexible private living accommodation to fit their needs. This is an ideal lifestyle change opportunity for an individual or couple who are looking for a guest house situated in an ideal trading location.
Financial Profile
Turnover: £20,000pa
Stock approximately: £200
Tenure
We are advised freehold
Opening Hours
Trades all year
Accommodation
Three storey guest house offering 7 bedrooms, ample bathrooms, guest and owner lounge, dining area, large kitchen, rear private garden and small front courtyard style garden, briefly comprising:
GROUND FLOOR
Reception porch/secure entrance leading to welcoming corridor with tourist information, living room for both guest and private use with feature fireplace and grand bay window. Toilet with wash basin.
Bedroom 1 - Double with wash basin
Dining area for 6 covers with traditional tables and chairs. Kitchen with fitted worktops, wash basins, cupboards and drawers.
FIRST FLOOR
Reception landing accessing
Bedroom 2 - Double with wash basin
Bedroom 3 - Double with fitted wardrobes plus en-suite toilet, bath and wash basin (current owners' accommodation)
Shower room and separate toilet.
Bedroom 4 - Twin with wash basin
Bedroom 5 - Single with wash basin
SECOND FLOOR
Reception landing
Bedroom 6 - Single with wash basin
Bedroom 7 - Family with wash basin
Shower room
Large attic area which may suit bedroom conversion (STPP) (currently used as large storage)
EXTERNAL
Front small courtyard area with decorative plants and rear garden area with flower beds, seating space and storage out house. The guest house currently hold 7 parking permits which are annually purchased.
| | | | | | FOR SALE | | | | | REFERENCE: | 2527 / RightBiz | | | | | | Request more information about this business.. | | ENQUIRIES: | | | | CONTACT SELLER TO GET THE SELLERS DIRECT CONTACT DETAILS AVAILABLE TO MEMBERS ONLY | | | | | | | | | | | |
