Profitable £3,000 p.w. Weymouth Guest House with Sea Views and Awards For Sale
Weymouth, Dorset
- Status
FOR SALE
- Date Submitted:
12/09/23
- Advert ID
599307
- Reference
H113 / Rightbiz
- Call Agent:
- Leasehold: £1,200,000
- Rent: £5
- Turnover: £318,134 (£6,118 Per week)
- Net Profit: £150,000 (48% Profit margin)
Key Features
- Fully Fitted
- High Turnover
- Close to Local Amenities
- Accounts Available
- With Car Park
- Established Business
- Attractive Business
- Prime Location
Business Details
£3,000 p.w. PROFIT High Quality Weymouth Guest House For Sale
14 en suite Bedrooms – 6 with Sea Views
Sea View Guest Lounge;
3 Bedroom, 2 Bathroom 'House' with Large Private Lounge for Owner/Manager
Secure Private Courtyard with Seating Area and Car Park
T/O £318,134 Ex Vat Net Profits Approx. £150,000 p.a.
AA Four Gold Stars, AA Breakfast Award,
TripAdvisor ‘Best of the Best’ Award 2023 – Top 1% Worldwide
A striking Georgian Grade II Listed property in a strategically good position, within walking distance of the Town Centre, Railway and ‘bus Stations and Harbour. The owners have carried out a comprehensive programme of refurbishment to include rewiring and installation of three phase electricity, replumbing with three new boilers and high pressure system assuring powerful supplies to the upper bedrooms; refitting the kitchen, preparation, laundry and freezer rooms; installation of new en suites, re carpeting, re furnishing etc. The owner/manager’s 3 bedroom accommodation is a self contained ‘house’ adjoining the rear of the guest house with an entrance from the rear, secure car park and private seating area.
There are two ground floor letting bedrooms and 12 of 14 bedrooms have super king or king size beds.
Tenure: The property is virtually Freehold being held on a lease for 125 years from 1973 at a peppercorn fixed rent of £5 per annum fixed.
The Business: A superbly positioned bed and breakfast only guest house which is
highly acclaimed and has achieved a Four Gold Star rating with the AA, also their Breakfast Award and ranked in the top 1% in the world by TripAdvisor as ‘Best of the Best’ The guest house has been in the present hands since 2018 having purchased through Lawrence Wright
and is now available due to health reasons. The business is run by a husband and wife team and casual staff and closes for holidays each year.
The agents have inspected accounts for the year ended 31st March 2023 and a turnover of £318,134 ex vat was achieved
EPC. Exempt
Price: Offers invited in the region of £1.2m
Contact Agent
Listing Statistics
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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.
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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.
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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.
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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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