| | | BUSINESS FOR SALE ADVERT DETAILS | | | ADVERT VIEWED : 16,254 TIME(S)
BUSINESS REFERENCE : N10 1323 / RightBiz 1323 FAMILY RUN DELIGHTFUL GUEST HOUSE WITH 12 BEDROOMS IN NEWTON AYCLIFFE | | | | | | * Delightful Guest House * Superb Location * Fantastic Potential To Increase Takings * Current Net Profit £24,000 pa * Only Guest House/Hotel In The Area, No Local Competition * 100% Occupancy Easily Achieved * Very Easily Run, Open All Year | | | BUSINESS LOCATION: | Newton Aycliffe County Durham UNITED KINGDOM | | BUSINESS SECTOR: | Leisure, pubs and hotels | | TRADE TYPE: | Guest Houses | | SELLER: | Agent Sale | LEASEHOLD: | £65000 | ANNUAL RENT: | £6916.96 | | | | | | | | | | | BUSINESS DETAILS: | Business:
This family owned Guest House, which has been run by the same family for over 20 years, caters to a large extent, for social/council occupants with the money being paid directly from the council into an account at the rate of £85 per week. However, the standard offered means that private occupants are regular. Private guest rates are £22 per evening.
There is an excellent opportunity to develop this guesthouse because of its prime position into a good all year round business. A superb guesthouse, is currently run to suit the present owners lifestyle, and offers huge potential to increase takings dramatically. The net profits are good but with more input the opportunity exists to build on the current owners success, the introduction of evening meals may also increase turnover. The guesthouse is for sale due to current owners wish to retire from the business.
Location:
The guesthouse is situated in the densely populated area of Newton Aycliffe within a large residential estate, close to shops and a business park. It is the only guest house in the area and therefore there is no local competition.
Premises:
The business premises details briefly consist; two houses, which have been converted into the guesthouse, with 12 rooms, currently two bedrooms, are being used for owners living accommodation, but the potential is there for additional letting bedrooms.
The private living accommodation briefly comprises of: 2 bedrooms, kitchen, lounge and bathroom. The standard throughout is a credit to the current owners.
Tenure Details:(1) Leasehold
Rent £6916.96 plus buildings insurance per annum for both properties.
9-year council lease, with option to purchase - Sedgefield Borough Council.
Rent review every 3 years.
Additional Notes:
A super opportunity to own and operate a super guest house the offers fabulous potential for new owners to build on the current owners success, this guest house comes highly recommended, a viewing is essential to appreciate the potential offered. There is an excellent opportunity to develop this guesthouse because of its prime position into a good all year round business. | | | | | CONTACT: | BRITANNIA COMMERCIAL | | TELEPHONE: | 01274 590092 | | REFERENCE: | N10 1323 / RightBiz | | ENQUIRIES: | | | | | | | | | | | | | | | | | | | | |
