Well Presented Seaside Guest House In Somerset | | Minehead Somerset | | Popular Guest House Minehead, Somerset T/O: £50,000 GP: 80% Scope for further growth 8-letting rooms Owners' accommodation Loyal customer base Seaside location | | BUSINESS FOR SALE ADVERT DETAILS ADVERT NUMBER : 64773
ADVERT IMPRESSIONS : 7,759 TIME(S) | | | | BUSINESS SECTOR: | Hotels / Pubs / Accom | | TRADE TYPE: | Guest Houses | | SALE: | Agent Sale | FREEHOLD: | £434,999 | | | | | | | | | | Add this business advert to your: | | | | | | | | | | | | | | | BUSINESS DETAILS: | Location
Tregonwell House occupies a Victorian property, ideally located in the popular seaside resort of Minehead, Somerset. The guest house is situated in a road of similar properties and businesses and is surrounded by a densely populated residential and commercial area. The business benefits from private parking and both the seafront and town centre are a short walk away. Minehead is a vibrant coastal town offering stunning scenery, outdoor adventure activities, major attractions and amusement arcades, and has the longest heritage steam railway in the country. The town boasts a wide variety of quality tearooms, cafés and fine restaurants as well as a good mixture of independent and high street retailers. The business boasts easy access to the A-road network, which provides good access to the M5 motorway.
Business History
Preferred Commercial is pleased to offer for sale this popular 4-star rated guest house, which has been in our client's careful hands since 2005 and which is only now being placed on the market due to our client's wish to retire. The business occupies large Victorian premises and boasts 8-letting rooms, which are split over 3 floors, all of which have en-suite or private facilities. In recent years, the property has been refurbished to a very high standard with modern furnishings throughout. A further benefit to this property is private parking to the rear as well as recently refurbished owners' accommodation. There is also a website in place, which provides information on the facilities, location and contact details. We are advised that a new fire alarm sytem with smoke and heat detectors has recently been installed. Our clients have gained an excellent reputation and a loyal customer base by offering competitive rates as well as providing a friendly and welcoming atmosphere, which ensures much repeat trade. The business trades all year round and generates a turnover in the region of £50,000 per annum with a gross profit of 80%. We feel that turnover could be increased by extending the website to offer on-line booking. Our clients advise us that a large project is due to start at nearby Hinkley Point Power Station, employing over 3000 workers over a 15 year period, many of whom will require accommodation. This is an ideal opportunity to acquire a popular and well-maintained business, which is well-equipped and in a walk-in-and-trade condition. Early negotiations with Preferred Commercial must come highly recommended.
Financial Details
T/O: £50,000 approx.
GP: 80%
Opening Hours
All year round
Accommodation Details
Victorian property situated in a popular seaside resort with 8-letting rooms, ample parking and recently refurbished owners' accommodation. Briefly comprising:
Ground Floor
• Entrance porch
• Entrance hall with original Victorian bell system and stairs leading to upper floors
• Dining room with 8 tables and chairs and serving hatch to kitchen
• Private accommodation with lounge, large bay window and feature fireplace
• Kitchen with a range of fitted units, worktops, hob and oven, fridge/freezer, dishwasher and door leading to pantry and garden
• Shower room with large double shower cubicle, WC, wash basin and heated towel rail
• Double bedroom with fitted wardrobes
• Office
Half landing
• Shower room for single bedroom
• Spare shower room and WC
First Floor
• Double bedroom with en-suite shower
• Twin bedroom with en-suite shower
• Single bedroom with private shower room
• Double bedroom with en-suite shower
• Superking size bedroom with en-suite shower
Half landing
• Double bedroom with en-suite shower
Second Floor
• Double bedroom with en-suite shower
• Twin bedroom with en-suite shower
External
• Garden to front and side planted with shrubs and lawn
• Private parking to the rear for up to 7 cars
• Rear garden and shed
• Garage
Tenure
Advised freehold | | | | | | FOR SALE | | | | | REFERENCE: | 2529 / RightBiz | | | | | | Request more information about this business.. | | ENQUIRIES: | | | | CONTACT SELLER TO GET THE SELLERS DIRECT CONTACT DETAILS AVAILABLE TO MEMBERS ONLY | | | | | | | | | | | |
