4 Star Bed And Breakfast In Norwich | | Norwich Norfolk | | Bed and Breakfast, Norwich, Norfolk T/O: £110,000 GP: 80% Scope to increase turnover Loyal customer base Well-equipped Established business City location | | BUSINESS FOR SALE ADVERT DETAILS ADVERT NUMBER : 61471
ADVERT IMPRESSIONS : 14,953 TIME(S) | | | | BUSINESS SECTOR: | Hotels / Pubs / Accom | | TRADE TYPE: | Bed & Breakfast | | SALE: | Agent Sale | FREEHOLD: | £699,999 | | | | | | | | | | Add this business advert to your: | | | | | | | | | | | | | | | BUSINESS DETAILS: | Location
'number 17' occupies substantial premises ideally located in Norwich city centre, Norfolk. The business benefits from large public car park nearby and is surrounded by a variety of complementary shops and businesses. There are regular buses running through the area and the railway station is less than a mile away. The business boasts easy access to the A-road network and the city centre is just a short walk away. Norwich is a vibrant city full of culture and history and is a popular tourist destination. Norwich international airport is less than 3 miles away and Great Yarmouth lies approximately 20 miles to the east.
Business History
Preferred Commercial is delighted to offer for sale this popular bed and breakfast business, which was established by our clients in 2009 and is only now offered to the market due to our clients' wish to retire. The premises are well-equipped to suit the trade with 8-letting rooms all finished to a high standard and with en-suite bathroom facilities, a large lounge area with tables and chairs for up to 20 covers, Jacuzzi room and courtyard to rear. The premises boast 1-bedroom owners' accommodation with en-suite bathroom with bath, shower, WC and wash hand basin. The business has an excellent reputation, boasts 4 star rating from enjoyengland.com and is proud of its high quality breakfast menu. The bed and breakfast benefits from a high footfall of tourists visiting the area along with being situated close to the city centre. The business enjoys a loyal customer base and enjoys many word of mouth recommendations. The bed and breakfast generates a turnover in the region of £110,000 per annum with a gross profit of 80%. We feel this could be further increased by offering café services during the day. There is also the opportunity to apply for an alcohol licence and establish a bar service. This is an ideal opportunity to acquire an already popular bed and breakfast with 1-bedroom owners' accommodation and huge scope for future development. Early negotiations with Preferred Commercial must come highly recommended.
Financial Details
T/O: £110,000 approx.
GP: 80%
Opening Hours
All year round
Accommodation Details
Substantial bed and breakfast premises with converted barn and outbuildings. All letting rooms have Wi-Fi, TV and tea and coffee making facilities. Briefly comprising:
Ground Floor
• Lounge with oak tables and chairs for up to 20 covers and an open fire
• Kitchen with 8-burner gas cooker, refrigerator, chest freezer, dishwasher, 2 x microwave ovens, double bowl sink unit and wash hand basin
• Utility room with washing machine and dryer
• WC with wash hand basin
• Store room
To rear of premises accessed from courtyard
• Room 4: Twin bedroom with en-suite shower, WC and wash hand basin
• Room 5: Twin bedroom with en-suite shower, WC and wash hand basin
• Room 6: Twin bedroom with en-suite shower, WC and wash hand basin
First Floor
• Room 1: Single bedroom with en-suite shower, WC and wash hand basin
• Room 2: Double bedroom with en-suite shower, WC and wash hand basin
• Room 3: Double bedroom with en-suite shower, WC and wash hand basin
Second Floor
• Owners' bedsit with bed/lounge area, large en-suite bathroom with bath, shower, WC and wash hand basin
Converted Barn
• Room 7: Large family bedroom over 2 floors with seating area, TV, Large en-suite bathroom with shower, WC and wash hand basin and twin bedroom to first floor
• Room 8: Large family bedroom over 2 floors with seating area, TV, Large en-suite bathroom with shower, WC and wash hand basin and twin bedroom to first floor
• Jacuzzi room
External
• Courtyard garden with plants and fruit trees, smoking shelter and access to public car park
Tenure
Advised freehold | | | | | | FOR SALE | | | | | REFERENCE: | 2355 / RightBiz | | | | | | Request more information about this business.. | | ENQUIRIES: | | | | CONTACT SELLER TO GET THE SELLERS DIRECT CONTACT DETAILS AVAILABLE TO MEMBERS ONLY | | | | | | | | | | | |
