| (REF: 1889) Freehold Guest House In Broadstairs Kent |
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| Seller Reference: |
1889 |
| B4S Reference: |
22917 |
| Asking Price: |
£525,000
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| Net Profit: |
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| Sales Revenue: |
£35,000 |
| Number of Staff: |
2 |
| Established For: |
28 Years 0 Months |
| Ownership: |
Freehold |
| Location: |
Broadstairs, Kent, United Kingdom |
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Business Details
The particular highlights of the business are:
• A well established business with 1 family room with an on suite, two double rooms both with on suite. One twin room with private bath (this room is used as part of the family room). There is also a further double room with on suite which is used by the current owner for his friends and family but could easily be used as a further guest room. There is a large dinning room, storage and laundry room.
• There is also large private living/dinning room and double bed room with on suite that is used by the owner together with a large kitchen and further storage.
• Good loyal clientele that have re-booked year on year.
• Fully equipped business refurbished to a high stranded.
• All rooms have Free View and Wi Fi.
• Turnover in excess of £35,000 with a high net profit.
• A business with great potential which has not been exploited because the current owner has closed for sometime last year to spend time refurbishing the property and do not open all year round.
• An easily run operation.
• Good loyal well trained staff.
• This is a very good business opportunity that provides a very high stand of B & B.
History
Phoenix Business Transfer Agents are delighted to place onto the market this First Class Guest House that has been refurbished to a very high standard and has been established as a guest house for 28 years. The business has been in the hands of the current owner for a number of years and now wishes to sell due to retirement.
Staffing
The concern employs 2 part time staff members that work when needed.
Owners Role
The owner is involved in the day to day running of the business.
Marketing
The owner markets the business has a website.
Competition
As far as competition is concerned there is another similar business in the area.
Market
The client base consists of tourist and business men/ women.
Opportunities
The concern has huge potential. In particular the turnover and profits can be increased by:
• Increasing the marketing activity with direct mailings including local and internet advertising.
• Becoming more efficient with staffing levels.
• Working more hands on hours and saving on wages.
• Open all year round as current owner does not operate all year round.
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.
EQUIPMENT WITH SALE
All fixtures, fittings and equipment are included in the sale price.
FINANCIAL DETAILS
The present annual turnover is £35,000 with a gross profit of 73% with a high net profit. The present value of the stock is £2,000.
The potential turnover of the business within the next 2 years is forecast to reach £50,000 pa given the changes that are required to be made to the business. 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.
Disclaimer
These details do not constitute part of an offer or contract.
The statements and descriptions given are made without warranties by Phoenix Business Agents Limited who it should be noted have NOT verified the information provided.
Purchasers should in all cases undertake financial due diligence using their own professional advisors before committing themselves in contract rather than relying on illustrations ,figures and information given on behalf of the seller.
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Property: |
Freehold |
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Lease Terms: |
The business is Freehold and the rates are £1,300. |
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Living Accommodation: |
Yes |
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Details of Accommodation: |
• There is also large private living/dinning room and double bed room with on suite that is used by the owner together with a large kitchen and further storage. |
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Location: |
• This Freehold Guesthouse is situated in the Tourist Haven area of Broadstairs in Kent.
• Walking distant from the beach is this picturesque seaside town.
• Refurbished to a very high standard throughout.
• It has a walled courtyard garden and large double garage with a very well appointed room above that would be perfect for a family guest room or teenage room, an on suite could be easily fitted.
• Fast Link to Central London coming in the near future from nearby Ramsgate Station giving a journey time to central London of under one hour which makes this quality property even more attractive.
• Prominent location with free parking.
• Surrounded by densely well populated residential area with schools and other local amenities.
• Well linked with the M2 to London.
• The city of Canterbury, The Channel Tunnel and Port of Dover are all close by.
• Area enjoying much growth and re generation.
• A lifestyle area.
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As far as competition is concerned there is another similar business in the area. |
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The concern has huge potential. In particular the turnover and profits can be increased by:
• Increasing the marketing activity with direct mailings including local and internet advertising.
• Becoming more efficient with staffing levels.
• Working more hands on hours and saving on wages.
• Open all year round as current owner does not operate all year round.
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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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Owner wishes to sell due to retirement. |
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Is this a home-based business? |
No |
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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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The concern employs 2 part time staff members that work when needed. |
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