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Guest House With An Excellent Reputation

Ulceby, Lincolnshire
Freehold Price:
£550,000
Find more details, or book a viewing:
Status
FOR SALE
Advert ID
226094
Reference
B04555 / Rightbiz

Details

BUSINESS

Hilton Smythe is delighted to welcome to the market Ulceby Lodge Bed & Breakfast in the sought-after village of Ulceby.

The business has been operated by the current owners for over 5 years and has been operating as a Bed & Breakfast for over 25 years in which time it has built up an enviable reputation for quality and comfort.

Only now is the business being offered to the market due to our client’s desire to relocate to be closer to family.

The business currently operates all year round with short breaks at Christmas and over the summer, generating a healthy turnover in the region of £50,000 per annum and generating a respectable adjusted nett profit.

Ulceby Lodge offers high quality guest accommodation on a bed and breakfast basis and boasts 5 letting rooms all including en-suite or private bathroom facilities.

Each bedroom features;

• Flat screen TV
• Refrigerator
• Tea & coffee making facilities
• Free Wi-Fi connection.

The business has built up an excellent reputation with guests generating a lot of repeat business with approximately 80% occupancy from professional people, tourists and business people and has received excellent reviews on the various websites including Trip Advisor. The business carries a 4 star Visit England rating as well as a Silver award for high quality accommodation and customer service. Bookings are available via their website, Booking.com, Expedia, Hotels.com, Late rooms etc.

The business offers the purchaser an opportunity of a lifestyle change while still generating an income from a long-established business.

Ulceby Lodge is truly unique in that the guest accommodation via the reception is separated entirely from the owner’s accommodation which in itself is extremely generous spacious and can be locked off to effectively create two wings to the property. This in itself creates another opportunity.

There is an additional cottage in the grounds which is currently being occupied by a family member which could easily be brought to use as a guest cottage to generate additional income.

This is an excellent opportunity for a new owner, perhaps a partnership, to acquire a thriving business with superb owners’ accommodation to enjoy and take the business to the next level. There is scope to do additional meals & teas for which there is a need in the village.

www.ulcebylodge.com

LOCATION

Situated on Spruce Lane in the centre of the village Ulceby Guest House is a charming period property, which once used to be a row of cottages and has been developed and extended over the years creating this truly unique property on a substantial plot, within a picturesque and sort after village.

Ulceby village has the benefit of many local amenities including a Co-op convenience store and Post Office, village hall and community centre, a playing field, play area, veterinary centre, hairdressers, take away establishments and public houses. There is also a Junior school in the village.

The village is only 5 minutes away from Humberside International Airport and is easily accessible off the main road network links the A15/A180 and the M180 Motorway making the destination attractive for both business users and tourists visiting the many local sites including Thornton Abbey, the Humber Bridge and the historical town of Hull.

The location has the benefit of being close to all the popular destinations within the area yet still maintains the feel and tranquillity of a village community.

PREMISES

Charming period guest house in a prime location within the village situated in substantial grounds with parking spaces plus a landscaped garden to the rear briefly comprising:
Ground floor main entrance with reception area, guest dining room and guest lounge.

First floor letting accommodation:

• Room 1 Single bedroom with en-suite shower
• Room 2 Single bedroom with private bathroom
• Room 3 Twin bedroom with en-suite shower
• Room 4 Twin bedroom with full en-suite bathroom
• Room 4 Double bedroom with en-suite shower

The owners accommodation with its own separate entrance on the ground floor extends to the right of the guest accommodation, is south facing and enjoys a large landscaped garden to the rear of the property and briefly comprises;

• Fully fitted kitchen used for guest meals as well.
• Office and utility rooms
• Open plan private lounge/dining room area & separate sun lounge
• Extensive Double bedroom with en-suite bathroom
• Additional shower and laundry room

External exterior:

• Patio
• Landscaped garden
• Additional one-bedroom cottage with kitchenette and lounge

Parking at the front for min of 6 vehicles with owners’ parking to the rear which also houses a double garage.

TENURE

We are advised the business is being offered on a Freehold basis with a guide price of £550,000

HOURS

The business currently operates throughout the year with the vendors taking a break during the summer and at Christmas.

STAFF

The business is run and managed by the current vendors with the assistance of a 1 x part time staff member during holidays.

FINANCIAL PROFILE

We are advised the business is currently turning over in the region of £50,000 per annum with a healthy adjusted net profit



£550,000
Listing Details
Freehold Price: £550,000
Tenure: Freehold
Sector: Bed And Breakfast
Financials
Annual Turnover: £48,191
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