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Freehold Guest House Offering
Location United Kingdom
Asking Price Range $1.0M - $2.5M
Gross Revenues $396186
Net Profit / Cash Flow $0
Cash Flow Type Sellers Discretionary Cash
Seller Finance Not Disclosed
Year Established 2003
Number of Employees 4 - 5
Relocatable Not Disclosed
Number of Employees 4 - 5
Real Estate Owned
Training Both the owners would be happy to help out with a smooth transition of the business and help in anyway possible.
Reason for Sale The owners would like to retire and believe this would be a perfect time for someone to takeover a thriving guest house with room for growth and expansion.
Description Freehold Guest House Offering Excellent Three Star Rated Accommodation
Confidentially offered for sale
Ref No: AC152
Location
North East Coast
Asking price: œ650,000
This well known guest house has been run by the current owners for the past eight years.In that time they have completely refurbished the accomodation and facilities within the building.There are twenty three bedrooms, all but two have wonderfull sea views and thirteen of the rooms have en-suite facilities The guest house now offers a most welcoming feel to its residents wiith a nautical theme running through the building. .
Catering for commercial and contract workers, the guest house is often full, especially with large industrial companies nearby, always on the look out for reasonably priced accomodation. This is an excellent location as the guest house caters for both workers during midweek and receives tourists during the weekend.
The owners provide a two course meal Monday to Thursday, for an additional cost, and this is prepared and cooked by the owners themselves.Meals are served in the attractive and spacious dining room on the ground floor.
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