Sea View Guest House in Weymouth Dorset - 8 Letting Rooms, Owner's Flat, Parking, £85k Turnover
Weymouth, Dorset
- Status
FOR SALE
- Date Submitted:
05/06/23
- Advert ID
514343
- Reference
H203 / Rightbiz
- Call Agent:
- Leasehold: £435,000
- Turnover: £85,000 (£1,635 Per week)
- Net Profit: On request
Key Features
- Prime Location
- Accounts Available
- Attractive Business
- Established Business
- Home Based
- Fully Fitted
Business Details
Sea Views from All Rooms Guest House For Sale Weymouth
A high quality business
8 Letting Bedrooms ( 6 en suite) all rooms have sea views.
2 bedroom owners accommodation
Substantially refurbished
A stones throw from the beach!
Turnover Approx. £85,000 p.a.
Guest Parking!
Held on a valuable 60 year internal only repairing lease, whereby the local authority are responsible for all structural repair and exterior decoration
TripAdvisor Certificate of Excellence
Tenure The property is held under the terms of a valuable 60 year internal repairing lease from 2001 and the rent is £14,500 p.a.
The Business A well run bed and breakfast business with excellent ratings from TripAdvisor (usually within the top 10 in Weymouth) and 9.6 Rating from Booking.com. The property has seen much painstaking and tasteful improvement since our clients took over a few years a ago. The guest house is run by a two person partnership with part time staff and has a good quality website from the which the business derives much income helped by the fact that all rooms have good views. There is a high level of repeat business. The business is now for sale due to health reasons.
The owners have established the business as a dog friendly business with a couple of rooms available for this type of use and business in the shoulder months is definitely enhanced. Also, the environment is a leading component of the business model and discounts are available for those travelling by public transport; all milk provided in the rooms is supplied in reusable containers as are all toiletries and no plastic bin liners are used.
We are informed that the turnover last year was approximately £85,000 – the current VAT Limit.
N.B. Lawrence Wright is a Specialist Hotel Agent having sold over 100 Hotels and Guest Houses in Weymouth in the past 22 years – much of this success is due to the ability to fund specialist leasehold businesses such as this guest house – please speak to Lawrence Wright who is an Introducer Appointed Representative to a Financial Conduct Authority authorised firm of commercial finance brokers.
EPC: Exempt
Price: £435,000
Contact Agent
Listing Statistics
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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
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