Freehold Guest House With Business And Tourist Trade | | Undisclosed Norfolk | | NORFOLK COASTAL RESORT FREEHOLD GUEST HOUSE WITH BUSINESS AND TOURIST TRADE Residential area nr seafront 9 en suite letting rooms & owners accommodation A/T: £47,562 low o/h Wonderful lifestyle opportunity F/H: £275,950 REF:1075NR | | BUSINESS FOR SALE ADVERT DETAILS ADVERT NUMBER : 64305
ADVERT IMPRESSIONS : 13,266 TIME(S) | | | | BUSINESS SECTOR: | Hotels / Pubs / Accom | | TRADE TYPE: | Guest Houses | | SALE: | Agent Sale | FREEHOLD: | £275950 | | | | | | | | | | Add this business advert to your: | | | | | | | | | | | | | | | BUSINESS DETAILS: | LOCATION
End terrace position in a residential area only a short walk away from the seafront
Unrestricted street parking with off street owners parking
Within easy reach of the town centre
Excellent quality of life on the Norfolk coast
HISTORY
Originally built as Victorian family home
Converted to bed and breakfast accommodation 75 years ago
Purchased by vendors in 2006
On going investment programme with redecoration of all rooms
Reliable repeat customer base established
Well known for excellent service
3 star Visit Britain rating achieved
4 star Health and Hygiene award
REASON FOR SALE
Family commitments
SERVICES
Bed and breakfast accommodation with 9 ensuite letting rooms
TV and beverage facilities in each room
WiFi throughout the guesthouse
Room rates vary from £20 per room per night bed and breakfast
CUSTOMERS
Regular repeat visits from contractors and workers from the offshore gas industry
Traditional tourist trade
Wide age spread from young families through to over 80s
High repeat rate with many booking on recommendation
Designated smoking guest house
SUPPLIERS
Small requirement for consumables purchased locally
STAFF
Run by vendors (husband and wife) with one working full time and one part time in the business
TRADING HOURS
Open to paying guests throughout the year
Owing to family commitments the business was closed for 4 months over the winter last year
FINANCIALS
Turnover
2010 £47,562
2009 £45,130
2008 £52,904
Occupancy rate high and typically full during the summer months
Working owner ensures extremely low overheads
Heat & lighting circa £1,050 per annum
PREMISES
A substantial end terraced property on 3 floors, plus a basement, 9 en-suite guest rooms, breakfast room, and owners accommodation with private facilities comprising briefly:
4 en-suite double rooms
1 en-suite single room
3 en-suite family rooms (one with delightful sea view)
1 en-suite twin room/superking
Entrance lobby with reception counter and seating area
Very impressive basement breakfast room with 24 comfortable covers
Fully equipped commercial kitchen
Owners living accommodation comprising:
o Lounge
o 2 en-suite bedrooms
o Utility room
Patio garden
Parking space to front
STRENGTHS
Superbly positioned and within a minutes walk of the seafront tourist attractions
Recently refurbished to a high standard
Delightful English breakfast room
Spacious owners accommodation
Loyal customer base
High occupancy rates
Excellent financial performance with low overheads
Visit Britain 3 star rating
Manageable for a couple orsingle person with assistance
Website
SCOPE
Business development activity limited at present
Opportunity to increase occupancy rates especially during the winter
Reintroduction of bar facility or mini bar (License held)
Price point currently very competitive with potential to increase
TENURE
Freehold
Rates £2,170 per annum
DISCLAIMER: Viewing is essential to fully appreciate this business and strictly by appointment only through the agents. N/B: All Negotiations must be conducted through Advent Business Sales. These details do not constitute part of an offer or contract and properties are offered subject to being sold, let or withdrawn without notice at any time and without liability for any expenses incurred by applicants. All statements and descriptions are made without responsibility or warranty by us, vendors or lessors. Intending purchasers must check for themselves (Misrepresentation Act 1967).
An Energy Performance Certificate will be made available upon request of further details where one is required for the business premises | | | | | | FOR SALE | | | | | REFERENCE: | 1075NR / RightBiz | | | | | | Request more information about this business.. | | ENQUIRIES: | | | | CONTACT SELLER TO GET THE SELLERS DIRECT CONTACT DETAILS AVAILABLE TO MEMBERS ONLY | | | | | | | | | | | |
