Torquay Devon Guest House for Sale - Beautiful B&B with 40-Year History
Torquay, Devon
- Status
FOR SALE
- Date Submitted:
11/05/23
- Advert ID
513054
- Freehold: £1,200,000
- Turnover: £148,000 (£2,846 Per week)
- Net Profit: On request
Key Features
- High Turnover
- Large Business for Sale
- Attractive Business
- Fully Fitted
- Prime Location
- Established Business
- Offers Invited
- Home Based
- Accounts Available
- With Car Park
- Close to Local Amenities
Business Details
Beautiful guest house in Torquay for sale
Introducing a picturesque Bed & Breakfast/hotel for sale in Torquay, Devon. This beautiful property holds a long-standing history as a guest house for over 40 years, and the current owner has enjoyed managing it for the past 8 years. Boasting a prominent location in the bay area, it truly has much to offer.
The property consists of 13 rooms ,all on suite and sleeps up to 31 guests.
Every room is fully refurbished with all new windows, swimming pool and much more.
Very large Owners accommodation with own lounge, kitchen, dinning area ,bathroom and bedroom.
The freehold price for this charming establishment is £1,200,000, with a current turnover of £148,000. The owner is willing to accept the nearest offer. Its prime location provides easy access to an abundance of amenities, such as a 5-minute walk from the train station. The stunning seafront is also just a 10-minute walk away, and local bus routes run conveniently throughout the bay. There are plenty of local attractions to explore, including Payton Zoo and waterpark attractions in the area.
With healthy competition - fixtures and fittings are included in the sale, and all accounts are available. The proprietor is looking to downsize, and believes that this business would be perfectly suited for a couple. The focus is to shift to a smaller place of their own.
As a well-established business, currently open for ten months out of the year except January and February, it employs 3 people at present. However, this could ideally be self-run by a couple for a more personalised experience. The property has a strong online presence, with its website for bookings and is actively engaged on Booking.com. It is also well-established on Google in the local area and has a presence on Expedia.
To valuable incoming owners, the existing proprietor is offering training opportunities for a seamless transition. For complete details about this business opportunity, please contact the owner directly.
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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.'.
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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.
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