Superb Aa Rated Guest House With Development Potential | | Clacton on Sea Essex | | SUPERB AA RATED GUEST HOUSE WITH DEVELOPMENT POTENTIAL - ESSEX Quality position in the popular resort of Clacton-on-Sea Turnover £62,000 pa with huge growth potential | | BUSINESS FOR SALE ADVERT DETAILS ADVERT NUMBER : 64514
ADVERT IMPRESSIONS : 13,423 TIME(S) | | | | BUSINESS SECTOR: | Hotels / Pubs / Accom | | TRADE TYPE: | Guest Houses | | SALE: | Agent Sale | FREEHOLD: | £435000 | | | | | | | | | | Add this business advert to your: | | | | | | | | | | | | | | | BUSINESS DETAILS: | SUPERB AA RATED GUEST HOUSE WITH DEVELOPMENT POTENTIAL - ESSEX
Quality position in the popular resort of Clacton-on-Sea
Turnover £62,000 pa with huge growth potential
Regular repeat trade at high gross margins
Well presented owners accommodation
Early viewing highly recommended
Scope for further development
FREEHOLD
Location
This AA rated, award winning guest house is located on a quiet tree lined street in the popular and thriving resort of Clacton on Sea, Essex. The properties position is ideal for all that Clacton has to offer being only minutes walk to the award winning seafront gardens plus the South facing West Cliff and Martello beaches. A further 1 minute walk is the famous Clacton Pier where a wide variety of entertainment can be found. The business is surrounded by a wealth of complimentary shops, all of which bring high tourist numbers to the resort. Clacton and the surrounding resorts and villages have strong road and rail links with mainline train station and the A120 and A133 trunk roads. Also the local beach has received the 2009 blue flag award.
Business History
Meridian Business Sales are delighted to offer to the market this superb guest house which has been in the careful hands of our clients since 2005 who only now wish to put the business to the market due to their wish to take a well earned retirement. Since our clients took over the business they have embarked on a full refurbishment program to all areas of the property culminating in a true walk in and trade opportunity. Our clients have continually improved the business by introducing new income streams which have enhanced the turnover on a year on year basis. Our clients inform us that the current turnover runs at £62,000 pa with a gross margin of 85% which is derived from offering a quality bed & breakfast service to the tourism market and to travelling business professionals and contractors. The business enjoys a good relationship with its regular clientele and because of this enjoys high levels of repeat trade. Planning permissions could be sought to turn the property into apartments as the building would be ideal for such a purpose and our clients inform us that other properties in close proximity have had similar permissions granted. Meridian Business Sales recommends early viewing of this business to fully appreciate the quality and future prospects.
Financial Profile
Turnover: £62,000pa
Gross profit: 85%
Stock approximately: £200
Tenure
We are advised freehold
Opening Hours
Hours to suit
Accommodation
Well presented and maintained detached three storey Victorian Edwardian property offering 9 en-suite letting rooms and quality owners quarters briefly comprising
GROUND FLOOR - Impressive entrance hall with original tiled floor, spacious hallway with reception desk and advertising for local entertainments etc. Spacious and well decorated guest lounge and bar and a large well equipped dining room with feature fireplace and tables and chairs for 24 covers. A fully equipped and fitted kitchen with a range of quality base and wall units plus a wide variety of appliances. 1x twin room with TV, coffee & tea facilities plus a full en-suite shower room fully tiled to a high quality.
Owner's accommodation briefly consists:- 1x large lounge with wooden floors and door leading to 1x sun lounge, 1x double bedroom with fitted wardrobes, 1x shower room, 1x laundry room with fitted appliances and an impressive central staircase leading to all floors.
FIRST FLOOR - Large landing with quality carpet, decoration and a storage cupboard. 3x double rooms with en-suite shower, quality furniture and TV. 1x twin room with en-suite shower, quality furniture and TV. 1x office with balcony and a staircase leading to the second floor.
SECOND FLOOR - Large landing with quality carpet and decoration. 1x double room with en-suite shower room, quality furniture and TV. 1x family room with en-suite shower room, bed settee and TV. 1x double room with en-suite shower room, quality furniture and Velux roof light.
EXTERNAL - Free front on street parking and an external well stocked walled garden to the front of the property plus driveway and parking to the rear. | | | | | | FOR SALE | | | | | REFERENCE: | 1958 / RightBiz | | | | | | Request more information about this business.. | | ENQUIRIES: | | | | CONTACT SELLER TO GET THE SELLERS DIRECT CONTACT DETAILS AVAILABLE TO MEMBERS ONLY | | | | | | | | | | | |
