Guest House / Bed & Breakfast For Sale South Shields | | South Shields Tyne and Wear | | Located on a busy main road close to complimentary businesses Well established for approximately 50 years Loyal and repeat custom base Dining facilities accommodating 14 covers 5 double rooms and 2 single room (1 family Room) Sensible Offers Co | | BUSINESS FOR SALE ADVERT DETAILS ADVERT NUMBER : 65720
ADVERT IMPRESSIONS : 16,132 TIME(S) | | | | BUSINESS SECTOR: | Hotels / Pubs / Accom | | TRADE TYPE: | Guest Houses | | SALE: | Agent Sale | ASKING PRICE: | £375000 | FREEHOLD: | £375000 | | | | | | | | | | Add this business advert to your: | | | | | | | | | | | | | | | BUSINESS DETAILS: | KEY FEATURES:
Located on a busy main road close to complimentary businesses
Well established for approximately 50 years
Loyal and repeat custom base
Dining facilities accommodating 14 covers
5 double rooms and 2 single room (1 family incorporated as a double sleeping 4)
Room for expansion and scope for growth
Priced for quick sale for retirement
Sensible Offers Considered
THE BUSINESS:
Local Commercial Ltd is honoured to offer for sale this fantastic Guest House, situated in the beautiful area of Tyne and Wear within South Shields. The guest house has been established since 1960, and enjoys the many benefits of repeat and consistent repeat trade, as well a vast amount of tourists over the summer months due to its much sought after location. The Magpies Nest is among a terraced row, with complimentary outlets in the surrounding areas.
The business at present enjoys a reasonable turnover, and would be ideal for someone as a lifestyle change, situated in the impressive area of South Shields, it is a picturesque area, and enjoys the many commercial advantages of its tourist location. The guest house could improve upon its already consistent levels of turnover firstly by increasing the dining facilities it has on offer, adapting the menu and offering both evening meals as well as breakfasts. However the most beneficial way of the guest house to improve on profits would be to undertake a more vigorous marketing scheme, in regards to further advertisement of the already impressive facilities it has to offer; the business website could also be vastly improved upon in order to gain new visitors alongside the repeat custom it enjoys. The Guest house would no doubt benefit from a bar incorporated into the dining area, subject to granted consent.
SITUATION:
The business is in the picturesque location of South Shields, within Tyne and Wear, and has the added advantage of its tourist location. Close to both the town centre and town hall, the business is within close proximity to both nightlife and daytime attractions. The Shields Ferry is also conveniently close by, linking both North and South Shields. The Magpies Nest also provides easy access to both major roads and motorway links.
TRADING HOURS:
The Reception area can be accessed 24 hours a day.
FINANCIAL INFORMATION:
The turnover currently stands in the region of £52,000 per annum.
TENURE:
Freehold.
PROPERTY DESCRIPTION:
Ground Floor:
The entrance leads into the main hallway area, which has kept its original features with high ceilings and decorated to a tasteful finish throughout. The reception area then leads through and provides easy access to the immaculate dining area; this is finished to a high standard and at present comfortably accommodates for 14 covers. To the ground floor there is also a large double bedroom, which comes inclusive with en-suite facilities, and could easily be used as owners accommodation due to its position within the guest house. There are also kitchen facilities to the ground floor in order to accommodate for the dining facilities. Again this is to a high standard and has been well maintained.
First Floor:
The first floor accommodation consists of four spacious bedroom, decorated to a modern and simple finish, with neutral bare walls and tasteful prints, finished in a modern and inviting red and cream finish. Two of the rooms are double, and feature en-suite facilities, the additional two bedrooms are single rooms are there is shared bathroom facilities.
Second Floor:
On the second floor there is an additional 2 bedrooms, both listed as en-suite. One of the bedrooms is a twin room, the second is suitable for family use, and can sleep up to 4 people. Again the rooms are decorated to a homely and tasteful finish throughout.
Externally:
The premises have the advantage of being well signed, as well as being distinctive due to the mural of magpies on the outside. There is also the additional advantage of parking to the front of the premises, as well as local parking facilities available.
Viewing and Confidentiality
All arrangements to view are strictly by an appointment through the Offices of Local commercial. And no approaches what so ever should be made to the owner or the business.
For an appointment to view please telephone 01254 776022.
Quote Ref 1142 | | | | | | FOR SALE | | | | | REFERENCE: | 1142 / RightBiz | | | | | | Request more information about this business.. | | ENQUIRIES: | | | | CONTACT SELLER TO GET THE SELLERS DIRECT CONTACT DETAILS AVAILABLE TO MEMBERS ONLY | | | | | | | | | | | |
