| (REF: 1736DC) Freehold Bed & Breakfast - Derbyshire |
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| Seller Reference: |
1736DC |
| B4S Reference: |
19284 |
| Asking Price: |
£575,000
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| Net Profit: |
£30,000 |
| Sales Revenue: |
£35,000 |
| Number of Staff: |
Send enquiry for more details. |
| Established For: |
30 Years 0 Months |
| Ownership: |
Freehold |
| Location: |
Undisclosed, Derbyshire, United Kingdom |
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The particular highlights of the business are:
Well established bed and breakfast.
Repeat commercial clients.
Currently being operated only 5-days no weekends.
Only bed and breakfast currently being offered.
Prominent semi-detached freehold building, with possible expansion potential.
Very easily managed operation, best suited to husband/wife team.
Owner accommodation can be made available.
History
Phoenix Business Transfer Agents are delighted to place onto the market this excellently managed bed and breakfast within Derbyshire. The business is being offered freehold with 10-letting rooms and on-site parking. The business has been in the hands of the current owner for nearly 30-years, and now wishes to move on to focus on other business opportunities.
Services
The business provides bed and breakfast accommodation 4-evenings a week.
Staffing
The current owner manages the operation single handedly, without the need to employ any staff.
Owners Role
The owners role is very much hands-on Monday to Friday.
Marketing
The business is marketed with the aid of a web site, however the majority of clients are derived from repeat business clients and students training locally. The concern also attracts business by way of referral from other local bed and breakfasts and hotels.
Competition
There is healthy local competition within the area, however the concern generally returns high occupancy levels.
Market
The client base consists of mainly local business customers and students from the local universities.
Opportunities
The concern has huge potential. In particular the turnover and profits can be increased by:
Increasing the opening hours to seven evenings.
Converting constant weekend enquiries into reservations.
Providing evening meals and/or room service.
Providing drinks and snacks.
Provide a bar for the residents (subject to applying for the relevant licenses).
Enhance the marketing.
Increase the room rates.
Provide additional services.
Training and Handover
The owner would be available for an extensive training and handover period for the benefit of the new owners if required. The Owner would also be happy for an on the job observation period to assess the business prior to offers being made.
Property Details
The property is being offered freehold. A substantial 3-storey semi-detached building with large cellarage. There are currently 10-letting rooms over the 3-floors, some of which have private en-suite bathroom facilities. The bed and breakfast is immaculately presented.
To the front of the building there is off street parking for 3-vehicles, and to the rear there is private parking for approximately 6-vehicles.
Equipment with sale
All fixtures and fittings and equipment are included in the sale price.
Financial Details
The present turnover is £35,000 per year with a gross profit of 80%. Full financial disclosure is available on request after viewings and the signing of a confidentiality agreement.
Please note Phoenix do not guarantee the accuracy of these figures which are in many cases estimated and are not verified. Please do not rely on the accuracy of these figures and seek professional help before making any offers. Phoenix will not be held liable for any inaccuracies in these figures or any other statements contained in relation to this business.
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Property: |
Freehold |
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Living Accommodation: |
Yes |
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Location: |
Situated on a main A road close to the town centre.
Prominent and highly visible.
Densely populated residential and commercial area.
Thriving commercial and entertainment area.
Exceptional lifestyle change opportunity.
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There is healthy local competition within the area, however the concern generally returns high occupancy levels. |
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The concern has huge potential. In particular the turnover and profits can be increased by:
Increasing the opening hours to seven evenings.
Converting constant weekend enquiries into reservations.
Providing evening meals and/or room service.
Providing drinks and snacks.
Provide a bar for the residents (subject to applying for the relevant licenses).
Enhance the marketing.
Increase the room rates.
Provide additional services.
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The owner would be available for an extensive training and handover period for the benefit of the new owners if required. The Owner would also be happy for an on the job observation period to assess the business prior to offers being made. |
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Other business interests. |
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Is this a home-based business? |
Yes |
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Can this business be relocated? |
No |
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Is this business part of a franchise? |
No |
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Monday to Friday trading only.
Friday evening, Saturday and Sunday evening closed.
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