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7 Bedroom Guest House In The Plymouth Hoe Area For Sale

Plymouth, Devon
Freehold Price:
£354,950
Status
FOR SALE
Advert ID
195765
Reference
2109 / Rightbiz

Established Freehold 7 Bedroom Guest House In Plymouth For Sale
Stunning Views Over Plymouth Sound
Ref 2109

Location
Crescent House is located in a quiet crescent of Victorian houses just a stones throw from Plymouth Hoe promenade which lies in the heart of the City of Plymouth on the beautiful South Devon coast line. Plymouth is a port city known for its maritime heritage and historic Barbican district with narrow, cobbled streets. 
Plymouth is the largest City in Devon and enjoys all year round trade with easy access via the A38/M5 and mainline railway station .

Business information
Asking price: £354,950
Turnover: £56,128
Gross Profit: £52,444
Adjusted net profit: £41,521
Rates: Zero

Business Description
Veritas Business Sales are delighted to offer for sale this respected 7 Bedroom Guest House which is located in the vibrant City of Plymouth in Devon. The business has been established for over 40 years and has been in the careful hands of my client for the last 17 years and is reluctantly the business is being offered for sale so they can enjoy a well deserved retirement. Since ownership they have continually refurbished and invested in new fixtures & fittings which are all bought and paid for and included within the sale price which is a huge plus for any new purchaser as additional funds will not need to be spent for some time. The business is owner operated requiring no staff and has an annual turnover of £56,128 with a GP of £52,444 returning a modest adjusted net profit of £41,521. All rooms are en-suite except one, with gas central heating, flat screen TVs and complementary tea & coffee making facilities. Room tariffs range from £30 for a single to £80 for a family room per night on a B&B basis. We believe that there is further potential to increase trade should you wish as our client chooses to operate this at a gentle pace to trade under the VAT threshold. In the past they have opened the restaurant for evening meals so there is further scope there. The business enjoys a strong reputation within the local community and beyond and as such has a high level of regular and repeat trade. This is a superb opportunity to purchase an established lifestyle business which is a great base to build upon and as such early viewing is highly recommended as this business is not to be missed.

Ground Floor
Reception entrance and hallway
Catering kitchen with: fully fitted kitchen, 8 ring cooker, sink with drainer, stainless steel fridge freezer, (Hotpoint), fridge (Beko), dishwasher (Rosh) and extractor hood.
Private Lounge with 2 x settees, desk and TV
Guest breakfast/dinning room with: tables and chairs for (14), built in cupboards, dresser, and bay window with double glazing.
Additional Room: Double room with en-suite shower room and disabled access.

First floor
Main Landing
Room 1: Double with shower en-suite
Room 2: Single room with wash basin
Room 3: Family room with shower en-suite
W/C with hand wash basin

Owners accommodation with: two interconnecting bedrooms one with a balcony to the rear of the property enjoying stunning views of Plymouth Sound.
Shower en-suite
W/C

Second floor
Landing
Bathroom with: Shower cubicle
W/C with hand wash basin
Room 4: Double room with shower en-suite and stunning views
Room 5: Twin room with shower en-suite and stunning views.
Room 6: Twin room with shower and wash basin
Room 7: Single room with shower and wash basin

Third Floor
Landing
W/C with hand wash basin
Roof garden with seating and stunning views over the Plymouth Sound

Fixtures, Fittings and Effects

Normal fixture and fittings associated with this type of property are included in the sale and a detailed inventory of these will be supplied prior to exchange.

External
To the rear of the property is an enclosed courtyard with door to rear service road.

 

EPC Rating C

Listing Details
Freehold Price: £354,950
Tenure: Freehold
Location: Plymouth, Devon
Sector: Bed And Breakfast, Hotels
Financials
Annual Turnover: £56,128
Annual Net Profit: Available upon request
Key Features
  • Established Business
  • Price Reduced
  • Accounts Available
  • Close to Local Amenities
  • Prime Location
  • With Accommodation
  • Fully Fitted
  • Home Based
  • Retirement Sale
  • Attractive Business
Contact Agent
Telephone: Upgrade to view
Agent Name: Upgrade to view
Advert Reference: 2109 / Rightbiz
What's nearby
Within 1 milei:
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