| (REF: 2242) Freehold Bed & Breakfast Development Opportunity |
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| Seller Reference: |
2242 |
| B4S Reference: |
28155 |
| Asking Price: |
£550,000
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| Net Profit: |
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| Sales Revenue: |
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| Number of Staff: |
Send enquiry for more details. |
| Established For: |
Send enquiry for more details. |
| Ownership: |
Freehold |
| Location: |
Frome, Somerset, United Kingdom |
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The particular highlights of the business are:
- The business has been run as a takeaway but is now available as a premises ideal for converting into a Bed & Breakfast.
- An ideal purchase for a property developer or builder looking for an exciting new project.
- Low rates.
- Very low overheads.
- A niche opportunity with very little competition.
History
Phoenix Business Transfer Agents are delighted to place onto the market this excellent Bed & Breakfast Development Opportunity.
Services
This very good business opportunity previously operated as a takeaway.
Staffing
The concern employs no staff.
Owners Role
The owner has been involved in the day to day running of the business.
Marketing
No marketing or promoting of the business has recently been undertaken.
Competition
There are very low levels of local competition for a B&B.
Opportunities
The concern has huge potential. In particular the turnover and profits can be increased by:
• Redevelop the premises for use as a Bed & Breakfast.
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.
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. The rates are £1,200 pa. |
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Living Accommodation: |
Yes |
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Details of Accommodation: |
The property is a large 3 story semi detached building with ample room to develop into an 8 bedroom guest house/B&B all with en-suites. There is also ample space on the ground floor for private accommodation and a breakfast/dining room for guests.
To the rear is a store room, double garage and parking for up to 3 vehicles and a garage.
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Location: |
- Situated in the Wallbridge area of Frome in Somerset.
- Prominent location on main arterial road and directly opposite Frome Rail Station.
- Excellent free parking facilities nearby.
- 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.
- Commercially thriving area.
- Well linked with the A362 and A361.
- Bath, Trowbridge and Warminster all lie close by.
- Area enjoying much growth and regeneration.
- A lifestyle area.
- Excellent local demographics for this type of area.
- Affluent area.
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There are very low levels of local competition for a B&B. |
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The concern has huge potential. In particular the turnover and profits can be increased by:
• Redevelop the premises for use as a Bed & Breakfast.
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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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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 no staff.
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