Freehold Bed &breakfast In Swanage | | Swanage Dorset | | Phoenix Business Agents are delighted to place onto the market this freehold Bed & Breakfast which has been established since 2005. The business has been in the hands of the current owner since 2005 and they now wish to sell due to other businesses. | | BUSINESS FOR SALE ADVERT DETAILS ADVERT NUMBER : 65341
ADVERT IMPRESSIONS : 12,069 TIME(S) | | | | BUSINESS SECTOR: | Hotels / Pubs / Accom | | TRADE TYPE: | Bed & Breakfast | | SALE: | Agent Sale | ASKING PRICE: | £495000 | FREEHOLD: | £495000 | | | | | | | | | | Add this business advert to your: | | | | | | | | | | | | | | | BUSINESS DETAILS: | - Situated in the popular seaside tourist destination of Swanage in Dorset.
- Prominent location on main arterial road.
- Excellent free parking facilities nearby.
- Surrounded by a densely populated residential area with schools and other local amenities.
- High levels of passing trade.
- Good volumes of traffic and pedestrian flow.
- Commercially thriving area.
- Well linked with the A351 and A35.
- Only 5 minutes walk from the beach and Bournemouth, Wareham, Poole and Corfe Castle all lie close by.
- Area enjoying much growth and regeneration.
- A lifestyle area.
- Excellent local demographics for this type of area.
- Affluent area.
Business Details
The particular highlights of the business are:
- A well established business.
- Good loyal clientele.
- Fully equipped business with favourable lease terms (see below).
- Turnover in excess of £24,000 pa with a net profit of £20,000 (see financial summary below).
- A business with great potential.
- An easily run operation.
- The property is in an excellent state of decoration and furnishing.
- 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 and breakfast.
History
Phoenix Business Transfer Agents are delighted to place onto the market this freehold Bed & Breakfast which has been established since 2005. The business has been in the hands of the current owner since 2005 and they now wish to sell due to other business interests.
Services
This very good business opportunity provides bed & breakfast.
Staffing
The concern employs no staff and is family run.
Owners Role
The owner is involved in the day to day running of the business.
Marketing
The owner markets the business in Evivo and has a website.
Competition
As far as competition is concerned there are many other similar businesses in this popular holiday destination.
Market
The client base consists of mainly tourists and is popular with scuba divers, walkers and climbers.
Opportunities
The concern has huge potential. In particular the turnover and profits can be increased by:
• Increasing the marketing activity with direct mailings and local and internet advertising.
• Upgrade all guest rooms to have en-suite facilities.
• Becoming more efficient with staffing levels.
• With an enhanced website.
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 is semi-detached and part of an attractive residential area. It is very well presented and is very conveniently laid out. There is very comfortable en-suite owner’s accommodation with a living room and breakfast room for guests.
To the rear are various storage areas and a laundry/utility room and a fully fitted kitchen.
Room 1
Room 1 can be configured with a double or twin beds with an additional set of adult sized bunk beds. This room is ideal for families or small groups. The room is very popular with diving and walking groups, so early booking is recommended. There are tea and coffee making facilities and a colour TV/DVD in the room.
The private bathroom situated next to the room has a toilet, wash basin and full sized bath with a Victorian style shower.
Room 2
Room 2 is front facing and can be configured with a double or twin beds. This room is ideal for young families and also couples. It is big enough to accommodate a travel cot (not supplied).There are tea and coffee making facilities and a colour TV/DVD in the room. The private bathroom situated next to the room has a toilet, wash basin and power shower cubicle.
Room 3
Room 3 is located on the top floor and is also front facing. Room 3 is a family room, with a double or twin bed and a set of adult sized bunk beds. This room is ideal for small families or groups. There are tea and coffee making facilities and a colour TV/DVD in the room. The en suite bathroom has a toilet, wash basin and power shower cubicle.
External
To the rear is a neat garden laid to lawn.
Equipment with Sale
All fixtures, fittings and equipment are included in the sale price and are valued at £15,000.
Financial Details
The present annual turnover is £25,000 with a net profit of £20,000. The present value of the stock is £150.
The potential turnover of the business within the next 2 years is forecast to reach £45,000 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 a week.
Tenure
The business is freehold. The rates are currently free of charge.
Viewings
The owners are available for viewings at any time by prior arrangement.
Price: £495,000
Ref: 2213
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: | 2213 / RightBiz | | | | | | Request more information about this business.. | | ENQUIRIES: | | | | CONTACT SELLER TO GET THE SELLERS DIRECT CONTACT DETAILS AVAILABLE TO MEMBERS ONLY | | | | | | | | | | | |
