Charming Seaside Guest House with Lush Garden in Weymouth Available for Sale
Weymouth, Dorset
- Status
FOR SALE
- Advert ID
632311
- Reference
H325 / Rightbiz
- Call Agent:
- Leasehold: £320,000
- Rent: £12,000 (£1,000 per month)
- Turnover: £80,000 (£1,538 per week)
- Profit: £30,000 (38% Profit margin)
Key Features
- Owner's accommodation included
- Prime location with potential growth
- Private parking facilities
- Seasonal income stability
Business Details
Stylish Seaside Guest House with Sub Tropical Private Garden For Sale in Weymouth
5 Period Style En Suite Letting Bedrooms; Car Park for 6.
Living Accommodation with Private Lounge to Sun Room, Double Bedroom, Luxury Bathroom; Car Park.
The Split Level Gardens are a major feature of this property with a very private space for the owners to enjoy with subtropical plants, productive grapevine, enormous magnolia tree; raised fish pond, private bar, hot tub
Exceptional Turnover of £80,000 p.a. from only 5 rooms!
– Well, Lawrence Wright has arranged over 100 sales of guest houses on Weymouth sea front and never discovered a garden quite like this one. The garden comes with a delightful five bedroom guest house which has not been on the market for over 22 years and is now for sale due to retirement. Waterloo Place is located away from the bustle of the town and harbour area but within 15 minutes walk and this guest house has some sea glimpses from the front rooms. The property appears well maintained and furnished in period style, Grade 2 Listed and of Georgian origin.
Tenure: The premises are held under the terms of a 60 year full repairing and insuring lease which commenced in 2007 paying a current rent of £12,000 p.a. including VAT.
The Business A truly well established guest house with a healthy level of repeat business and boasting a car park for guests. The business is now run by one proprietor with assistance of staff due to the ill health of one proprietor. The agents believe this business personifies the lifestyle that can be achieved running a small guest house which is evidenced by the enchanting garden which benefits from the evening sun when the day’s work is done; the sight of a model airplane ( the afternoons are often free) and the sight of a photograph of a lovely motor yacht which was based nearby.
The accounts show a turnover for the year ended 31st March 2024 of £80,360 p.a. achieving a reconstituted net profit well in excess of £30,000 p.a. with a couple running the business without the necessity for staff.
The profit figure and the long lease allows for some borrowing should a buyer require (subject to status).
Price: £320,000
EPC: Exempt
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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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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.
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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.
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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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