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LAKE DISTRICT GUEST HOUSE AND RESTAURANT

Keswick, Cumbria
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LAKE DISTRICT GUEST HOUSE AND RESTAURANTLAKE DISTRICT GUEST HOUSE AND RESTAURANTLAKE DISTRICT GUEST HOUSE AND RESTAURANTLAKE DISTRICT GUEST HOUSE AND RESTAURANTLAKE DISTRICT GUEST HOUSE AND RESTAURANTLAKE DISTRICT GUEST HOUSE AND RESTAURANTLAKE DISTRICT GUEST HOUSE AND RESTAURANT
  • Freehold: £790,000
  • Turnover: N/A £0 Per week
  • Net Profit: N/A

Business Details

• 7 well appointed guest bedrooms
• Licensed 34 cover restaurant open to non-residents
• Guests lounge and bar with outside seating terrace 
• Self-contained 2-bedroom owners quarters
• Prime position in the centre of Lake District tourist town
• Enormous potential to develop a range of income streams


Overview

The current owners acquired the property in 2005 running it as a 7-bedroom guest house for many years but more recently offering a contemporary service and longer-term lettings to suit a changing market and opening and extending the dining room to non-residents as a licensed restaurant that up until recently traded as The Sizzling Stone.  The current owners have now created a breakfast/brunch/lunch and cocktail bar open from 8.30 am to late afternoon with evenings off. The property has a number of excellent possibilities, from converting into self catering use, splitting up the building into a number of residential units (subject to planning permission), as neighbouring properties have done, to increasing the restaurant business or guest accommodation for a much higher income.

The property is very well situated close to the Market Square in the town centre and other catering businesses and a short walk to the lake.  It is easily run by the proprieters with staff. The property offers enormous potential to run a business in a variety of ways and the owner will discuss the trade with potential buyers when viewing as recent trading figures do not fully reflect the potential, the most recent turnover of in excess of £200,000 on 5 days trading.

The current owners are looking at changing their lifestyle after more than 20 years in hospitality.

Description
The property is a substantial Victorian stone terrace building which has been renovated to a high standard to provide a restaurant, 7 guest bedrooms (6 with en suite facilities), bar, guests lounge and self contained 2-bedroom owners accommodation.

Accommodation 
Ground Floor
Entrance Lobby leading to;
Entrance Hall with understairs cupboard and stairs to first floor and Basement Store Rooms also suitable for other uses;
Dining Room/ Restaurant with tables, benches and chairs for 34 covers, light décor and vinyl wood effect floor cover;
Catering Kitchen with tiled floor, hygienic pv wall covering, double sink unit, extractor and includes 6 ring gas range, microwaves, fridge, freezer and other catering equipment;

Private Owners Accommodation
Domestic Kitchen with tiled floor, wall and base units, worktops, sink unit, plumbing for washer and dryer;
Private Lounge with stairs to First Floor Private Bedroom and Bathroom and Second Floor Private Double Bedroom;

First Floor
Guests Lounge with Kitchen area having units, worktops, sink, hotplates and oven;
Guest Bedroom 1, twin with en suite shower room;
Separate WC;
Bar with bar servery, door onto outside seating terrace and WC off;

Second Floor
Guest Bedroom 2, single with wash hand basin;
Guest Bedroom 3, double with en suite shower room;
Guest Bedroom 4, double with en suite shower room;
Separate Shower Room for GB 2;
Guest Bedroom 5, double with en suite shower room

Third Floor
Guest Bedroom 6, double with en suite bathroom with spa bath;
Guest Bedroom 7, double with en suite bathroom with spa bath

Outside
Walled garden and sunny patio terrace area to the front with seating for 16 people, rear yard with one parking space and the seating terrace from first floor bar which has afternoon sun and flower containers and seating for 12 people - something very rare in Keswick.

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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.

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