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High Quality Georgian Grade II Sea View Guest House in Weymouth Dorset

Weymouth, Dorset
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Outstanding High Quality Sea View Guest House WeymouthOutstanding High Quality Sea View Guest House WeymouthOutstanding High Quality Sea View Guest House WeymouthOutstanding High Quality Sea View Guest House WeymouthOutstanding High Quality Sea View Guest House WeymouthOutstanding High Quality Sea View Guest House WeymouthOutstanding High Quality Sea View Guest House WeymouthOutstanding High Quality Sea View Guest House WeymouthOutstanding High Quality Sea View Guest House WeymouthOutstanding High Quality Sea View Guest House WeymouthOutstanding High Quality Sea View Guest House WeymouthOutstanding High Quality Sea View Guest House Weymouth
  • Status

    FOR SALE

  • Date Submitted:

    08/06/24

  • Advert ID

    612568

  • Reference

    H313 / Rightbiz

  • Call Agent:

    Registered members »

  • Freehold: £650,000
  • Turnover: £100,000 (£1,923 Per week)
  • Net Profit: On request

Key Features

  • Accounts Available
  • Fully Fitted
  • Prime Location
  • Home Based
  • Established Business
  • Attractive Business
  • Town Centre location
  • Retirement Sale

Business Details

Outstanding High Quality Sea View Guest House Weymouth

8 Luxury En Suite Bedrooms; Guest Lounge; Owners Ground Floor Accommodation; Sea Views from Upper Rooms

VISIT ENGLAND FOUR STARS; GOLD AWARD & BREAKFAST AWARD

Possible Holiday Home Investment (stpp)

A beautifully presented Georgian Grade II Listed Property which is perfectly situated overlooking Alexandra Gardens and the sea on the famous Esplanade. The property has gas fired central heating and the owners’ accommodation is conveniently located on the ground floor to the rear of the dining room and kitchen. All rooms have flat screen TV’s with DVD Players, Refrigerators, Coffee Machines, Molton Brown Toiletries, Dressing Gowns and Slippers. There is a comfortable guest lounge and the premises are within a few minutes walk from the town centre and harbourside with its many restaurants, cafes and pubs. A public car park is a short distance away.

Access to the outside rear courtyard is from a door in the private living room. The courtyard has a decked area for quiet contemplation at the end of the day, perhaps with a glass of refreshment.  There is a rear gate to provide rear access to the property. 

The Business – a high quality and rare seafront freehold bed and breakfast guest house which has been in the present hands for over a decade and a half and is run by a husband and wife team. Before the covid pandemic the turnover had been consistently around £110,000 p.a. ex vat. However, due to ill health of one of the owners the business has been restricted running on 7 of the 8 bedrooms with no staff and booking fees but profits averaging in excess of £1000 per week. Hence a loan to purchase would be available, subject to status.

The agents believe that the business is at a pivotal point depending on the requirements of the purchaser;

1)      For The Entrepreneur - traditionally the guest house has opened for much of the year, closing in the quieter period for a few weeks for holidays but supported all year by trade from business people – new owners could quickly rebuild this style of trading including increased tariffs to achieve substantial income.

2)      For The Lifestyle – with the recently increased VAT Threshold of £90,000 trade could continue to be restricted to this level and longer periods of holiday enjoyed.

The trade is a healthy mix of discerning tourists and business people who pay up to £185 per room per night to be in a luxury guest house convenient for the harbourside restaurants nearby; a limited number of parking permits are available from Dorset Council. The owners are selling due to health problems.

The property would equally be suitable as a holiday home investment (subject to planning permission)

Price: £650,000 Freehold

EPC: Exempt

Finance: A Bank or Building Society mortgage to purchase would be available, subject to status. Lawrence Wright is an Introducer Appointed Representative to a Financial Conduct Authority authorised firm of commercial finance brokers.

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Contact Agent

Contact the seller for more details, or book a viewing

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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.

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Do not 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 amount 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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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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The data showed regarding this advert 'Outstanding High Quality Sea View Guest House Weymouth - H313 / Rightbiz' comprises as a business advertisement. Rightbiz Ltd makes no warranty as to the accuracy or to the completeness of the advertisement or any linked or any associated information provided. In no event shall Rightbiz Ltd be liable for any damages or loss whatsoever including special, indirect, consequential, incidental or punitive damages for loss of profits and revenue, arising out of or connected with this website or to the use, reliance upon or performance of any information contained in or accessed from this website.