Freehold Guest House In Dorset With Additional Apartments Price Reduced | | Poole Dorset | | Phoenix Business Agents are delighted to place onto the market Freehold Guest House in Dorset which has been established since 1996. The business has been in the hands of the current owner since 1996 and they now wish to sell due to retirement. | | BUSINESS FOR SALE ADVERT DETAILS ADVERT NUMBER : 61132
ADVERT IMPRESSIONS : 9,737 TIME(S) | | | | BUSINESS SECTOR: | Hotels / Pubs / Accom | | TRADE TYPE: | Guest Houses | | SALE: | Agent Sale | ASKING PRICE: | £1,150,000 | FREEHOLD: | £1,150,000 | | | | | | | | | | Add this business advert to your: | | | | | | | | | | | | | | | BUSINESS DETAILS: | - Situated in Organford area of Poole in Dorset.
- Quiet location in a rural setting close to main arterial roads
- Excellent free parking facilities on the premises.
- Trading estate nearby
- Out of town but still close to the densely populated residential area with schools and other local amenities in nearby Poole.
- Well linked with the A35, A351, A31 and A341.
- Poole, Bournemouth, The New Forest and Isle of Purbeck all lie close by.
- A lifestyle area
- Excellent local demographics for this type of area.
Business Details
The particular highlights of the business are:
- A well established business.
- Good loyal clientele.
- Fully equipped business with favorable lease terms (see below).
- Turnover in excess of £35,000 with a net profit of £11,231. (See financial summary below).
- A business with great potential.
- An easily run operation.
- A good first time buyers business and ideal purchase for a husband and wife team.
- Low rent and rates.
- Very low overheads.
- A niche concern with very little competition.
- Business enjoys superb local reputation
- The concern provides Bed & Breakfast with 3 additional private apartments which are rented out on 6 month agreements.
History
Phoenix Business Transfer Agents are delighted to place onto the market Freehold Guest House in Dorset which has been established since 1996. The business has been in the hands of the current owner since 1996 and they now wish to sell due to retirement.
Services
This very good business opportunity provides Bed & Breakfast with 3 additional private apartments which are rented out on 6 month agreements.
Staffing
The concern employs no staff.
Owners Role
The owner is involved in the day to day running of the business.
Marketing
The owner markets the business via the internet and has a website.
Competition
There is no local competition.
Market
The client base consists of tourists and business customers.
Opportunities
The concern has huge potential. In particular the turnover and profits can be increased by:
• Increasing the marketing activity with direct mailings and internet advertising.
• Increasing the product line to include evening meals.
• Becoming more efficient with staffing levels.
• Increase the number of rentable rooms.
• With an enhanced website and e-booking.
Training and Handover
The owner would be available for an extensive training and handover period for the benefit of the new owners if required. The Owner would also be happy for an on the job observation period to assess the business prior to offers being made.
Property Details
The property was built in 1894, and it was originally the Village Shop and Post Office until 1998. It has now become a family run Guest House / Bed and Breakfast with three double rooms and one single room. It is conveniently situated for easy access to Poole and Wareham, and sits right on the edge of the Wareham Forest. The Guest House is open all year round and has a large adjacent parking area.
At the beginning of the 20th century, the Post Office and Stores was a place where villagers could buy anything from patent medicines to paraffin, black lead to long leather laces. It fulfilled this role until the 1990s, and today the Old Post Office continues as the hub of village life in its current role as a B&B.
The bed and breakfast accommodation, available all year round, comprises four en suite bedrooms (non-smoking) with TV and tea trays. A choice of full English or Continental breakfast is served in the Dining Room, and vegetarians are catered for. Organford is situated close to the A35 and A353, four miles from Poole and three miles from Wareham.
The property also has three character apartments, all with independent access. Two are one bedroom the third is a two bedroom accommodation comprising of one double and one single. The apartments are rented out on six monthly agreements and generate approximately 21,500 in additional revenue.
Equipment with sale
All fixtures and fittings and equipment are included in the sale price and are valued at £10,000.
Financial Details
The present annual turnover is £38,063 with a gross profit of 20,618 and a net profit of £11,231. The present value of the stock is £200.
The potential turnover of the business within the next 2 years is forecast to reach £68,000 pa given the changes that are required to be made to the business. Full financial disclosure is available on request after viewings and the signing of a confidentiality agreement.
Please note Phoenix do not guarantee the accuracy of these figures which are in many cases estimated and are not verified. Please do not rely on the accuracy of these figures and seek professional help before making any offers. Phoenix will not be held liable for any inaccuracies in these figures or any other statements contained in relation to this business.
Trading Hours
Open 7 days
Tenure
The business is Freehold and the rates are £2,335 pa for the guest house and £3,450 pa for all the apartments combined.
Viewings
The owners are available for viewings at any time by prior arrangement.
Price: £1,350,000
Ref: 2047
Disclaimer
These details do not constitute part of an offer or contract.
The statements and descriptions given are made without warranties by Phoenix Business Agents Limited who it should be noted have NOT verified the information provided.
Purchasers should in all cases undertake financial due diligence using their own professional advisors before committing themselves in contract rather than relying on illustrations ,figures and information given on behalf of the seller. | | | | | | FOR SALE | | | | | REFERENCE: | 2047 / RightBiz | | | | | | Request more information about this business.. | | ENQUIRIES: | | | | CONTACT SELLER TO GET THE SELLERS DIRECT CONTACT DETAILS AVAILABLE TO MEMBERS ONLY | | | | | | | | | | | |
