Well-Established Guest House Business in Milton Keynes, Buckinghamshire for Sale
Milton Keynes, Buckinghamshire
- Status
FOR SALE
- Date Submitted:
07/11/23
- Advert ID
602278
- Reference
B07625 / Rightbiz
- Call Agent:
- Leasehold: £39,995
- Turnover: Not Applicable
- Net Profit: Not Applicable
Business Details
Well established Guest House business for sale
BusinessPlease quote reference B07625
CoGoGo are delighted to welcome to the market on a leasehold basis, this stunning, well-established guest house business with an enviable reputation. Home Farm B&B has been trading under the careful and meticulous ownership of our clients since 2004 and only now is being offered for sale due to our client’s desire to retire from the industry.
Our clients did lease the business out to a buyer 2 years ago, but is now back in our clients ownership.
Home Farm B&B has an excellent reputation with guests for the high-quality service, excellent accommodation, and delicious breakfast cuisine, which has resulted in a loyal client base of both the business and leisure market, with a lot of repeat trade and word of mouth referrals all resulting in many positive reviews. The business attracts bookings from all over the UK with many of these being repeat visitors due to the quality accommodation on offer.
Over the last few years, the guest house itself has undergone a programme of refurbishment and can now be found in outstanding condition throughout.
The turnover is generated by offering a mixture of 7 letting rooms or 5 letting rooms with owner accommodation all with En suite facilities and benefiting from being tastefully furnished, with the property further benefiting from a breakfast room with feature log burner.
We feel there is scope to increase turnover with an increase in room availability to include weekends and the undertaking of a robust marketing campaign via local press, social media, and further promotion of the dedicated website.
This is a highly desirable turnkey business and would be a very attractive proposition for either an individual or partnership looking for their first business in this sector which is already established or for an experienced operator looking for an additional business with the potential for an attractive income stream,
Very rarely do businesses of this calibre come to the open market therefore, early viewings must come highly recommended to avoid disappointment.
Location
The business is located in the Buckinghamshire countryside, situated in the picturesque village of Beachampton, just 15 minutes from Central Milton Keynes Silverstone racetrack, several National Trust gardens, and conveniently located for the National Bowl, Woburn Abbey, Bletchley Park, and Addington Manor Equestrian Centre. Stony Stratford is only 2 miles away and offers a variety of pubs, restaurants and further amenities
Premises
Home Farm B&B is located in a 300+ year old stone built beautiful farmhouse that has undergone a period of refurbishment to an excellent standard over the years, and that just oozes style and sophistication.
On entering the property, you are quickly aware that you have entered a guesthouse setting that is full of contemporary design complimented by quality fixtures and fittings running throughout the property and benefits from 7 lettings rooms all with En suite facilities, breakfasting room with feature log burner and fully equipped kitchen area. The business further benefits from excellent off-street parking and is set in stunning garden grounds.
Tenure
We are advised that this opportunity is being sold on a Leasehold basis, with a new lease to be offered to the new buyer. The rent is £3,500 per month.
Hours
Due to the nature of the business, it is able to operate all year round.
Staff
N/A
Financial Profile
Further financials can be made available upon request.
Contact Agent
Listing Statistics
Contact the seller for more details, or book a viewing
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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.
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