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Stunning Guest House With Loyal Client Base

Gainsborough, Lincolnshire
Freehold Price:
£449,995
Find more details, or book a viewing:
Status
FOR SALE
Advert ID
163338
Reference
2764 F / Rightbiz

Details

Business
Hilton Smythe is delighted to welcome to the market the Black Swan Guest House in Marton, Lincolnshire.



The old established business has been in our clients’ careful ownership since 2003. Only now is the business being offered to the market due to our clients’ desire for a well-deserved retirement. The guest house operates all year round, except for when our clients go on holiday, and it generated a turnover in the region of £96,000 as of the 2017 accounts, with a gross profit of around 78%.



Our clients offer nine letting rooms, six within the main house and three in the converted stable block, all on a bed and breakfast only basis. The business trades relatively unopposed and derives its income from commercial travellers, some who stay on a long term basis, tourists in the area and guests visiting local families. The premises boasts an alcohol licence, which our clients have maintained but currently do not offer this service.



The business has built up an excellent reputation within the industry for the very high quality of the accommodation and services offered, which has resulted in a very loyal client base, with a high volume of repeat trade and word of mouth recommendation. The guest house boasts a four star AA rating and was awarded the Certificate of Excellence 2015 by Trip Advisor, and has done so for the past 4 years, which was based on ratings from the guests.



We feel the turnover could be increased by embarking on a modest marketing campaign to promote the accommodation and services offered. A new owner could also introduce evening meals to guests and re-introduce alcohol sales. The business already has an excellent website in place to advertise the guest house at www.blackswanguesthouse.co.uk.



This is an excellent opportunity for a new owner, with drive and commitment, to take this already thriving and popular business to the next level; therefore early viewing must come highly recommended to avoid disappointment.

Location
The Black Swan Guest House occupies substantial, grade II listed premises, ideally located within the village of Marton, near Gainsborough, Lincolnshire. The business is located in a prominent corner trading location on the busy A156, which links Gainsborough to Lincoln, therefore the guest house benefits from a high volume of passing trade. The business further benefits from ample, private, off street parking.



Marton is a village and civil parish in the West Lindsey district of Lincolnshire. The area is very popular with tourists, cyclists and walkers. The village boasts a wealth of history and in the centre lies the church of St Margaret of Antioch. The building is predominantly of the Norman Conquest period, built using a mixture of Anglo-Saxon and Norman styles.



The village is served by the public transport system, with a bus stop within easy walking distance of the property. The nearest railway station is Gainsborough Lea Road, which is approximately 4½ miles away. The area is also well served by the A-roads, with the property being located on the A156, which links to the national A-road and motorway networks. Marton lies 5 miles south of Gainsborough and 11 miles north-west from the county town of Lincoln.

Premises
Large and imposing grade II listed property, which was formerly a coaching inn, briefly comprising:



Main house with:



Ground floor:



Main entrance from rear courtyard.

Hallway with small reception desk.

Utility room with 2 x washing machines and WC.

Guest lounge.

Breakfast/dining room with approximately 14 covers and small bar servery.

Fully equipped guest kitchen.



Owners’ accommodation:



Large lounge with Adams style fireplace.

Dining room with French doors leading to garden/courtyard.

Kitchen with tiled flooring, oak wall/base units and 4 x burner ceramic hob and oven.



First floor with:



Letting rooms comprising of:



4 x double bedrooms, one with a four poster bed.

Single bedroom.

Twin bedroom.



All the letting rooms have been completely refurbished and include en-suite bathrooms.



Owners’ accommodation:



Double bedroom with fitted wardrobes and bathroom with a Corner bath, separate shower cubicle, vanity unit and tiled walls.

Bedroom with an adjoining office.

Large drying room, which is full shelved with an oil fired burner.



Stable block with:



Large family room with a double bed, single bed, small kitchenette with fitted cupboards, stainless steel sink unit, refrigerator and microwave oven, bathroom with a large shower and WC.



Twin room. Large room with zip and link beds and en-suite comprising of a large shower, WC and wash hand basin.



Family bungalow with 2 x double bedrooms, small box room with bunk beds, kitchen with wall and base units, microwave oven, cooker and refrigerator, bathroom with bath, overhead shower and WC.



External with:



Well stocked garden with a good size lawn with borders.

Large block paved parking area for 19 vehicles, of these, 9 spaces are designated for residents in adjoining cottages.

Tenure
We are advised Freehold.

Hours
The business operates all year round.

Staff
The business is owner run with 1 x part time chambermaid.

Financial Profile
The business generated a turnover in the region of £96,000 as of the 2017 accounts, with a gross profit of around 78%.

Seller Details
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Listing Details
Freehold Price: £449,995
Tenure: Freehold
Sector: Hotels, Bed And Breakfast
Financials
Annual Turnover: £96,382
Key Features
  • Established Business
  • Prime Location
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