| (REF: 2111) Popular Freehold B&b In Bournemouth plus sav |
| |
| Seller Reference: |
2111 |
| B4S Reference: |
25988 |
| Asking Price: |
£400,000
|
| Net Profit: |
£19,000 |
| Sales Revenue: |
£35,000 |
| Number of Staff: |
Send enquiry for more details. |
| Established For: |
Send enquiry for more details. |
| Ownership: |
Freehold |
| Location: |
Bournemouth, Dorset, United Kingdom |
| |
The particular highlights of the business are:
- A well established business.
- Good loyal clientele.
- Fully equipped business with favorable lease terms (see below).
- Turnover in excess of £32,000 with a net profit of £19,000. (See financial summary below).
- A business with great potential.
- An easily run operation.
- A good first time buyers business and ideal purchase for a husband and wife team.
- Very low overheads.
- Business enjoys superb local reputation.
- The concern provides Bed & Breakfast.
History
Phoenix Business Transfer Agents are delighted to place onto the market Popular Freehold B&B in Bournemouth. The current owner now wishes to sell due to retirement.
Services
This very good business opportunity provides Bed & Breakfast.
Staffing
The concern employs no staff.
Owners Role
The owner is involved in the day to day running of the business.
Marketing
No marketing or promoting of the business has recently been undertaken as the business is well known.
Competition
As far as competition is concerned there numerous other similar businesses in this popular holiday destination area.
Market
The client base consists of mainly tourists.
Opportunities
The concern has huge potential. In particular the turnover and profits can be increased by:
• Increasing the marketing activity with direct mailings and local and national internet advertising.
• Becoming more efficient with staffing levels.
• With an enhanced website with e-commerce.
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.
The present annual turnover is £35,000 with a gross profit of 85% and a net profit of £19,000.
All stock is valued at £30,950.
The potential turnover of the business within the next 2 years is forecast to reach £65,000 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.
|
| |
Property: |
Freehold |
| |
| |
Lease Terms: |
The business is Freehold. |
| |
| |
Living Accommodation: |
Yes |
| |
| |
Details of Accommodation: |
Entrance Porch
Tiled floor. Wall light. UPVC double glazed door to dining/kitchen room.
Dining/kitchen Room 20' 6" x 12' ( 6.25m x 3.66m ).
Front and side aspect double glazed windows. Range of wall units. Range of base units with work surfaces over. Stainless steel sink unit. Breakfast bar. Integrated oven. Integrated four ring gas hob with cooker-hood over. Space for fridge/freezer. Space for washing machine. Staircase to first floor. Radiator.
Bedroom 1 12' 9" into bay x 10' to front of wardrobes ( 3.89m into bay x 3.05m to front of wardrobes )
Front aspect double glazed window. Built in wardrobes. Telephone point. Inset spotlights. Radiator.
Bedroom 2 12' 6" x 12' ( 3.81m x 3.66m )
Rear aspect double glazed window. Inset spotlights. TV point. Radiator.
Ground Floor Bathroom
Side aspect double glazed window. Bath with shower attachment. Shower cubicle. Wash hand basin. Low level WC. Fully tiled walls and floor. Radiator.
Dining Room 12' 5" x 11' 9" ( 3.78m x 3.58m )
Fire surround with mantle. Inset spotlights. Corner storage housing boiler.
Lounge 17' 4" narrowing to 9' 11" x 17' 9" ( 5.28m narrowing to 3.02m x 5.41m )
Side and rear aspect double glazed windows. Double glazed door to patio area. Wall mounted air conditioning unit. Three radiators.
First Floor Landing
Velux window. Access to separate living annexe. Radiator.
Bedroom 3 12' x 10' 8" max ( 3.66m x 3.25m max )
Side aspect double glazed window. Recessed wall display area. Smooth coved ceiling with inset ceiling lights. Radiator.
Bedroom 4 10' x 7' 10" ( 3.05m x 2.39m )
Velux window. Radiator.
First Floor Shower Room
Side aspect double glazed window. Enclosed shower cubicle. Low level WC. Wash hand basin. Fully tiled walls.
Separate Living Accommodation
Accessed via a spiral staircase. Sliding patio doors to open living space.
Lounge/dining/kitchen 18' x 10' ( 5.49m x 3.05m )
Velux roof light. Range of floor and wall units. Stainless sink unit. Space for washing machine. Space for fridge/freezer.
Bedroom 1 12' x 8' 1" ( 3.66m x 2.46m )
Side aspect double glazed window. Coved ceiling. TV point. Radiator.
Bedroom 2 9' 10" x 7' 9" ( 3.00m x 2.36m )
Velux roof light. TV point. Radiator.
Shower Room
Enclosed shower cubicle. Wash hand basin. Low level WC. Coved ceiling.
Outside Front
Driveway providing off road parking for several vehicles. Further covered parking. Further driveway leading to garage.
Outside Rear
Laid mainly to lawn. Patio area with seating. Two brick built barbecues. Rear wood deck. Garden chalet.
|
| |
| |
Location: |
- Situated in the Ringwood Road area of Bournemouth in Dorset.
- Prominent location on main arterial road.
- Excellent parking facilities.
- Industrial estates nearby.
- Surrounded by a densely populated residential area with schools and other local amenities.
- High levels of passing trade.
- Good volumes of traffic and pedestrian flow.
- A commercially thriving area.
- Well linked with the A348, A3049, A341 and A31.
- Bournemouth Town Centre and Beaches, Poole Harbor and The New Forest all lie close by.
- Area enjoying much growth and re generation.
- A lifestyle area.
- Excellent local demographics for this type of area.
|
| |
As far as competition is concerned there numerous other similar businesses in this popular holiday destination area. |
| |
The concern has huge potential. In particular the turnover and profits can be increased by:
• Increasing the marketing activity with direct mailings and local and national internet advertising.
• Becoming more efficient with staffing levels.
• With an enhanced website with e-commerce.
|
| |
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.
|
| |
now wishes to sell due to retirement. |
| |
Is this a home-based business? |
No |
| |
Can this business be relocated? |
No |
| |
Is this business part of a franchise? |
No |
| |
The concern employs no staff. |
|
|
