7 Bedroom Guest House In Builth Wells Powys | | Builth Wells Powys | | Bed and Breakfast Builth Wells, Powys T/O: £54,000 GP: 83% Huge scope Well-equipped Loyal customer base Restricted hours Restaurant area | | BUSINESS FOR SALE ADVERT DETAILS ADVERT NUMBER : 72680
ADVERT IMPRESSIONS : 5,627 TIME(S) | | | | BUSINESS SECTOR: | Hotels / Pubs / Accom | | TRADE TYPE: | Guest Houses | | SALE: | Agent Sale | FREEHOLD: | £399,999 | | | | | | | | | | Add this business advert to your: | | | | | | | | | | | | | | | BUSINESS DETAILS: | Location
The Cedars Guest House and Restaurant occupies substantial detached premises, ideally located in a prominent trading position on a busy main road running through the town of Builth Wells, Powys. The town centre is a short walk away and the Royal Welsh Agricultural Showground is situated across from the property. The town's amenities are nearby including, schools, a hospital and a church. Builth Wells is a rural market town, which lies on the confluence of the river Wye and river Irfon and is surrounded by picturesque countryside. The premises are easily accessed via the A-road network, including the A470 and A483. The town is a desirable place in which to live and work, due to its rural location and excellent road links. Brecon lies approximately 20 miles to the south, while Hereford lies less than 35 miles away.
Business History
Preferred Commercial is delighted to offer for sale this 7-bedroom guest house and restaurant, which was established in 1960 and which has been in our client's careful hands since 1990. The guest house is run at a very restricted pace to suit our client and is only now offered to the market due to our client's wish to retire. The business generates a turnover in the region of £54,000 per annum with a gross profit of 83%, derived from the letting of 7 guest bedrooms on a bed and breakfast basis only. A new owner could, easily increase turnover by running the business to its full capacity. There is also scope to embark on a modest marketing campaign. We have been advised that the Royal Welsh Showground hosts approximately 33 events a year, attracting a large number of prospective clients. The business has an excellent reputation and is renowned for its quality accommodation and service. There is a website in place advertising the business, which we feel would benefit from online booking facilities. The premises are well-equipped to suit the trade, boasting 7-letting rooms and a 24-cover restaurant, which is currently underutilised. We feel there is scope to offers lunch and evening meals in the restaurant. This is an ideal opportunity to acquire an already popular guest house, in such a desirable location and with huge scope for future development. Early negotiations with Preferred Commercial must be highly recommended.
Financial Details
T/O: £54,000 approx.
GP: 83%
Opening Hours
TBA
Accommodation Details
Substantial 3-storey detached premises with 7-letting rooms, 24-cover restaurant and 2-bedroom owners' accommodation. Briefly comprising:
Ground Floor
• Guest lounge with tables and chairs for up to 30 people, bar with 2 points of dispense, optics display and storage area
• Ladies and gents WC with wash hand basin
• Restaurant area with tables and chairs for up to 24 covers
• Commercial kitchen with 6-burner gas hob and oven, double fryer, 2 x refrigerators, work surfaces, 2 x freezers, dry store and preparation area
• Laundry room
• Private lounge
• Owners' double bedroom
• Owners' double bedroom with en-suite bathroom
First Floor
• Room 1: family bedroom with double and 4 x single beds and en-suite shower room
• Bathroom serving bedrooms 2 & 5
• Room 2: single bedroom with wash hand basin
• Room 3: twin bedroom with en-suite shower
• Room 4: double bedroom with en-suite shower
Second Floor
• Room 5: single bedroom with wash hand basin
• Room 6: twin bedroom with en-suite shower
• Room 7: twin bedroom with en-suite shower
External
• External cellar
• Storeroom
• Front terrace with 4 picnic tables
• Parking for up to 14 vehicles
Tenure
Advised freehold | | | | | | FOR SALE | | | | | REFERENCE: | 2991 / RightBiz | | | | | | Request more information about this business.. | | ENQUIRIES: | | | | CONTACT SELLER TO GET THE SELLERS DIRECT CONTACT DETAILS AVAILABLE TO MEMBERS ONLY | | | | | | | | | | | |
