Weymouth Harbour B & B Boutique Hotel | | Weymouth Dorset | | A spectacular leasehold B & B Boutique Hotel, ideally situated with the beach directly in front, and the picturesque working harbour immediately behind this Grade 2 listed property. | | BUSINESS FOR SALE ADVERT DETAILS ADVERT NUMBER : 66323
ADVERT IMPRESSIONS : 17,100 TIME(S) | | | | BUSINESS SECTOR: | Hotels / Pubs / Accom | | TRADE TYPE: | Bed & Breakfast | | SALE: | Agent Sale | LEASEHOLD: | £195,000 | | | | | | | | | | Add this business advert to your: | | | | | | | | | | | | | | | BUSINESS DETAILS: | A spectacular leasehold B & B Boutique Hotel, ideally positioned within the Dorset coastal town of Weymouth. Situated at the end of one of the most attractive Georgian terraces, this Grade 2 listed building has the beach directly in front, and the picturesque working harbour immediately behind, thus making for stunning views from the bedrooms and public areas alike.
Our client has spent in excess of £160,000 to give the establishment a luxurious and contemporary feel. There are 6 en-suite letting rooms, all individually designed and each offering the sort of comfort and amenities usually associated with 4 & 5 star hotels. Rates during the main season (May-Sep) range from £105 to £175 per room including breakfast, and the more expensive rooms are always booked first! Clients tend to be affluent professionals, looking for something different from the usual "tired" seaside rooms and poor service. A high proportion of clients are returning guests, having experienced what they consider to be the best B & B in Weymouth.
The website booking.com is used as the main third party reservations portal. However, an increasing number of clients (mainly returning guests) are now booking direct. This is having a positive effect on profitability as it negates the 15% commission charge. The B & B has a remarkable score of 9.2 out of 10 from 100 reviews on the booking.com website, and a 95% recommendation rate. Feedback on Tripadvisor is equally positive.
Turnover for this year is forecast to be in excess of £100,000. There are however a number of areas where suitably qualified, growth-minded purchasers could improve further. The most obvious example is food and drink related, as the establishment boasts a full size catering kitchen which is currently only used for breakfast. The dining room on the ground floor is beautifully appointed, with direct views of the beach, town and harbour, and would be very popular if lunch and dinner were offered. Full accounts and a P&L are available for interested parties post the signing of a Non-Disclosure Agreement.
Currently there are 3 part-time employees supporting the owner. A self-employed chef and waitress assist at breakfast, and our client directly employs a housekeeper. Savings could obviously be made if a working couple were to purchase the business.
There are approx 17 years remaining on a 20 year lease. Current rent is £18,000 per annum exclusive of VAT.
This is a wonderful opportunity to own an already successful and renowned B & B Boutique Hotel, and take it to the next level. It is a true turn-key purchase, as all the very high quality fixtures and fittings are included in the asking price (except for the original artworks which will be replaced by prints), and as such appealing to "first time hoteliers". Buyers with previous catering experience would be able to increase revenue and maximise profits. Asking price: £195,000 + SAV. | | | | | | FOR SALE | | | | | REFERENCE: | GAT835 / RightBiz | | | | | | Request more information about this business.. | | ENQUIRIES: | | | | CONTACT SELLER TO GET THE SELLERS DIRECT CONTACT DETAILS AVAILABLE TO MEMBERS ONLY | | | | | | | | | | | |
