Top-Rated Seafront Guest House in Weymouth Dorset Up for Sale
Weymouth, Dorset
- Status
FOR SALE
- Date Submitted:
07/03/24
- Advert ID
607909
- Reference
H284 / Rightbiz
- Call Agent:
- Rent: £12,750
- Turnover: £40,000 (£769 Per week)
- Net Profit: On request
Key Features
- Fully Fitted
- Prime Location
- Established Business
- Retirement Sale
- Home Based
- Accounts Available
- Attractive Business
Business Details
Superb Seafront Guest House Voted Best in The South West
See Photograph - The Yellow Painted Guest House
5 En Suite Double Bedrooms; Sea View Office/ Bedroom 6;
2 Bedroom owners Accommodation; Pretty Courtyard Garden; Outstanding position a few metres from the beach;
100% ‘Excellent’ on TripAdvisor
The guest house is located in one of the best places in Weymouth popular with regular visitors. A Georgian Grade II Listed property a stone’s throw from the beach and a brisk walk along The Esplanade to the busy town centre and harbour.
An exceptional bed and breakfast guest house which has the benefit of gas fired central heating and, working closely with Dorset Council and the Conservation Officer the owners have upgraded and remodelled the building to create one of the best businesses of its kind in this popular resort having rewired the property, replaced the boiler, renewed some floors, laid new carpets, renewed beds, renewed many showers and wash basins, radiators and inserted a new kitchen. This B&B has 3 rooms with wonderful panoramic views over Weymouth Bay towards the spectacular coastline of the World Heritage Jurassic Coast . Brunswick Terrace is a cul de sac with no main road to cross to the beach and a short walk away are Greenhill Gardens, Lodmoor Country Park and Weymouth Sea Life centre.
Tenure: The premises are held under the terms of a full repairing and insuring lease which commenced in 2008 for a term of 60 years. The current rent payable is £12,750 with five year rent reviews.
The Business – An exceptional bed and breakfast guest house which is highly rated and is run by a husband and wife team which is now available as the owners wish to move nearer their grandchildren. Trade has been restricted to letting only 3 or sometimes four of the five bedrooms, from choice. There is a high percentage of repeat trade and the business is not offered on Booking.com. Expedia is used. 100% of Tripadvisor Ratings are Excellent. New owners could increase trade by offering all five bedrooms and further accommodation is available if the sea view office was returned to being a single letting bedroom, ideally if linked to one of the en suite bedrooms.
The tariff for a double room ranges from £100 to £135 per night for bed and breakfast with £170 charged for the two largest rooms being used by a family.
Due to restricted trading the informed turnover is approximately £40,000 p.a. – Scope!
Agents’s Note: Lawrence Wright introduced this guest house to the current owners in 2018 and whilst a successful business the property was dated and unusual with access to the owner’s bedroom via a ladder up through the floor! The owners have transformed the property into one of the smartest in Weymouth and prospective buyers, when viewing, will see the photographs before and after the re-modelling. The new owners will benefit from the investment for years to come and take over a business with an exceptional reputation and a wonderful lifestyle.
Price: £395,000
EPC – Exempt – Listed Building
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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