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(REF: KT001075)  9 Bed Guesthouse With Restaurant - Deal
 
Seller Reference: KT001075
B4S Reference: 28290
Asking Price: £515,000
Net Profit: Undisclosed
Sales Revenue: £69,320
Number of Staff: Send enquiry for more details.
Established For: Send enquiry for more details.
Ownership: Freehold
Location: Deal, Kent, United Kingdom
  Business Summary   
  BUSINESS  
This double-fronted property was run as two guesthouses from 1906 but was tastefully converted into a single guesthouse in 1986. It has been in the hands of our clients since August 1993.
Business is generated from a variety of guests including business people, contract workers, tourists, golf parties and repeat visitors.
The present owners currently offer their guests bed and breakfast only, served in the licensed restaurant, which has a separate street entrance and is open to non-residents, for breakfasts only.
In order to reduce their workload, our clients ceased serving lunches and dinners in 2007.
During the period of trading, the restaurant offered an extensive menu (copy available on request) which included: a range of starters, roasts, steaks, fish, a variety of pies and a range of desserts.
There is obvious scope for new owners to re-open the restaurant and expand the business.
The premises still benefit from an alcohol licence and a website: WWW.themalvernguesthouse.com
 
BUSINESS PREMISES  
Originally two Victorian town houses, built in 1866, the property is accessed by the two original front doors on the ground floor and a separate entry door, to the bar and restaurant.
Lower Ground Floor
The Bar Area - with laminate wood flooring, ceiling lights, 2 bar stools, 2 tables with 7 chairs and a fitted bar with an electronic till, mirror-backed shelving and a double bottle fridge. Brick archway leads to:
Restaurant/Breakfast Room/ - with 7 tables seating 26 guests, 2 sofas, a bay window to the front of the property, a chilled glazed display unit, a Welsh dresser and a built-in dry goods store. Double glazed doors leading to:
Kitchen - (5.7m x 2.2m) with a non-slip floor, fitted wall and base units, a double and a single sink, a 4-burner gas cooker, a tall fridge, a twin basket deep-fat fryer, a dishwasher, a washing machine, 3 microwaves, a toaster, a gas boiler, and a glazed door to the rear yard.
There is also a utility room with a tumble dryer and a further gas boiler.
Ground Floor
Bedroom 1 - (3.3m x 2.4m) twin beds with an en-suite shower, wash hand basin and WC and a window to the rear of the property.
Bedroom 2 - (4.5m x 2.8m) twin beds with an en-suite shower, wash hand basin and WC and a bay window to the front of the property.
Separate WC - with a wash hand basin.
Bedroom 7 - (3.3m x 3.1m) twin beds, an en-suite shower, WC and wash hand basin and a window to the rear of the property.
First Floor
Linen Store
Bathroom - with a bath/shower, WC, wash hand basin and a window to the rear of the property
Bedroom 3 - (2.3m x 3.3m) single bed, a wash hand basin and an en-suite shower/bath, WC and wash basin.
Bedroom 4 - (2.4m x 4.6m) double bed with an en-suite shower, WC and wash hand basin, a fireplace and a bay window to the front of the property.
Bedroom 8 - (3.4m x 3.9m) a family room with a wash hand basin and a window to the rear of the property
Bedroom 9 - (3.7m x 4.6m) a family room with a wash hand basin and a bay window to the front of the property
Second Floor
Landing - with access to boarded attic space.
Bedroom 5 - (4.1m x 3.6m) twin beds/double bed, a fireplace, a wash hand basin, seating area, dormer window and luxury en-suite with double shower
Landing - with access to boarded attic space.
Bedroom 10 - (3.9m x 3.9m) twin beds/ double bed, a dormer window, seating area and a luxury en-suite.

The property benefits from gas central heating throughout. A new fire alarm system was installed in August 2009.
 
PRIVATE ACCOMMODATION  
Owners Bedroom - (5.2m x 3.6m) with a dual fuel stove in the fireplace, a walk-in wardrobe, a built-in cupboard, an en-suite bathroom fully tiled with bath, walk-in shower, WC and a wash hand basin. This room is located on the lower ground floor. Spiral staircase up to ground floor:
Owners Sitting Room - (4.2m x 4.4m) with an exposed brick fireplace and a bay window to the front of the property.
OUTSIDE:
To the front of the house, there is a part-paved area with various pots, troughs and hanging baskets.
To the rear, there is a part-paved yard with a brick built storeroom/workshop with 2 chest freezers and a work bench with shelving.
 
TENURE  
The entire property is offered for sale freehold
 
RATES  
The Business Rates payable are £1,190 pa.
Our clients are currently in discussion with the
local authority and we expect that council tax
will become payable on the owners
accommodation within the guesthouse and that a
reduction will be
 
TRADE  
The turnover figures as shown in the trading accounts are as follows:
y/e 30th April 2010 £60,232
y/e 30th April 2011 £69,320
Please note that all figures exclude VAT.
 
STAFF  
2 owners
5 Part-time staff as required
 
  Property Information   
  Property: Freehold
 
  Living Accommodation: Yes
  Other Details   
  Is this a home-based business? No
  Can this business be relocated? No
  Is this business part of a franchise? No





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