Weymouth Dorset B&B with 12 En Suite Rooms and Large 3 Bed Owners Accommodation for Sale
Weymouth, Dorset
- Status
FOR SALE
- Date Submitted:
07/01/21
- Advert ID
270500
- Reference
H190 / Rightbiz
- Call Agent:
- Leasehold: £295,000 (Stock at valuation)
- Turnover: £130,000 (£2,500 Per week)
- Net Profit: On request
Key Features
- Accounts Available
- Close to Local Amenities
- Price Further Reduced
- Attractive Business
- High Turnover
- Prime Location
- Fully Fitted
Business Details
PRICE EDUCED! 12 En Suite Bedrooms; 3 Bed Owners Accommodation; T O Approx. £130,000 £140,000vat
12 en suite bedrooms plus 1 large en suite Single Room almost completed; separate 3 bedroomed owners accommodation recently refurbished with potential for a 4th bedroom in former guest lounge with space for en suite facility. Private courtyard garden. Possibility of creating 2 Bedroom Owners Accommodation in main building and converting separate and private 3 Double Bedrooms into a 1 Bedroom s.c Holiday Flat with own entrance ( subject to planning permission)
T/0 approx £130,000 - £140,000 ex vat from B&B only.
The property is situate on The Esplanade with sea views, close to the town centre and all amenities - A Grade II Listed Georgian property with gas fired central heating. The guest house has been greatly improved in the past years of the present ownership with the installation of a very economical boiler system, keeping costs down and improving continuity of supply. In addition, all the en suite facilities have been either upgraded or replaced and much new bedroom furniture installed plus many more improvements including a hard wired emergency fire alarm system and highly sophisticated fibre broadband system with good quality wifi to all rooms - ideal for business guests in this adult only guest house.
A superb business which has one of the highest occupancy rates in Weymouth with gross earnings per room approaching £15,000 per annum. The guest house provides bed and breakfast and is run by a husband and wife team with family assistance who purchased the business through Lawrence Wright in 2007.
The finishing of Room 13 and conversion of the former guest lounge to an en suite bedroom could create14 letting bedrooms and gross turnover could be taken to a figure c. £200,000 p.a.
New owners will enjoy a good level of repeat business - the business is rated Very Good by Booking.com.
Tenure: The premises are held under the terms of a 60 year full repairing lease granted in 2007 from Dorset Council at a current rent of £27,000 per annum.
Price: Only £295,000
EPC: N/A - Grade II Listed
Contact Agent
Listing Statistics
Contact the seller for more details, or book a viewing
Stay Safe
Do not pay any deposit to private sellers upfront. If you are looking to purchase a business, we advise that any deposits or transactions made are through a solicitor to prevent fraudulent activities from occuring.
Stay Safe
Do not share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.
Stay Safe
The vast majority of these scams involve the transfer of substantial sums of money. We advise all transactions made are through a solicitor to prevent fraudulent activities from occuring.
Stay Safe
Send a test amount before you consider handing over a large amount of funds. Maybe even try transferring £1, and then speaking to your solicitor to confirm receipt.
Stay Safe
Do not disclose proof of funds directly to the sellers. If the sellers request you to show proof of funds, we advise that it is done through a solicitor to prevent fraudulent activities from occuring.
Stay Safe
Buying a business is not covered by consumer rights legislation. It is your responsibility to acquire a business that holds up in quality and agreement.
Stay Safe
Fraudsters will typically use false news in an attempt to get you to act quickly. For example, 'Your account has been disabled. Reset your password now.'.
Stay Safe
Review the performance of a business to make appropriate financial projections. Some businesses are dormant or not trading, so it is essential to check their short and long-term potential.
Stay Safe
Legitimate emails from Rightbiz will be with the domain @rightbiz.co.uk. However, emails from [email protected], [email protected] or [email protected] are not affiliated with Rightbiz.
Be safe, use a Rightbiz Solicitor
Contact seller
Stay Safe
Do not pay any deposit to private sellers upfront. If you are looking to purchase a business, we advise that any deposits or transactions made are through a solicitor to prevent fraudulent activities from occuring.
Stay Safe
Don't share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.
Stay Safe
The vast majority of these scams involve the transfer of substantial sums of money. We advise all transactions made are through a solicitor to prevent fraudulent activities from occuring.
Stay Safe
Send a test amount before you consider handing over a large number of funds. Maybe even try transferring £1, and then speaking to your solicitor to confirm receipt.
Stay Safe
Do not disclose proof of funds directly to the sellers. If the sellers request you to show proof of funds, we advise that it is done through a solicitor to prevent fraudulent activities from occuring.
Stay Safe
Buying a business is not covered by consumer rights legislation. It is your responsibility to acquire a business that holds up in quality and agreement.
Stay Safe
Fraudsters will typically use false news in an attempt to get you to act quickly. For example, 'Your account has been disabled. Reset your password now.'.
Stay Safe
Review the performance of a business to make appropriate financial projections. Some businesses are dormant or not trading, so it is essential to check their short and long-term potential.
Stay Safe
Legitimate emails from Rightbiz will be with the domain @rightbiz.co.uk. However, emails from [email protected], [email protected] or [email protected] are not affiliated with Rightbiz.
Be safe, use a Rightbiz Solicitor
Get Solicitor
