| (REF: 2274) Popular Freehold Guest House in Weston-Super-Mare |
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| Seller Reference: |
2274 |
| B4S Reference: |
29310 |
| Asking Price: |
£495,000
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| Net Profit: |
£7,758 |
| Sales Revenue: |
£44,989 |
| Number of Staff: |
1 |
| Established For: |
26 Years 0 Months |
| Ownership: |
Freehold |
| Location: |
Weston-super-Mare, Somerset, United Kingdom |
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The particular highlights of the business are:
- A well established business.
- Good loyal clientele.
- Fully equipped business with favourable lease terms (see below).
- Turnover in excess of £40,000 pa with a net profit of £7,758 (see financial summary below).
- A business with great potential.
- An easily run operation.
- Good loyal well trained staff.
- A good first time buyers business and ideal purchase for a husband and wife team
- Low rates.
- Very low overheads.
- A niche concern with very little competition.
- Business enjoys superb local reputation
- The concern provides Bed & Breakfast.
History
Phoenix Business Transfer Agents are delighted to place onto the market this Popular Freehold Guest House which has been established since 1985. The business has been in the hands of the current owner since 1985 and she now wishes to sell due to retirement.
Services
This very good business opportunity provides Bed & Breakfast.
Staffing
The concern employs 1 part-time staff. The wages are £5.95 ph.
Owners Role
The owner is involved in the day to day running of the business.
Marketing
The owner markets the business in the Yellow Pages and has a website.
Competition
As far as competition is concerned there many other similar business within this popular holiday destination and seaside town.
Market
The client base consists of 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 internet advertising.
• Becoming more efficient with staffing levels.
• With an enhanced website.
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 £44,989 with a gross profit of £39,383 and a net profit of £7,758. The wages are £5.95 ph. The present value of the stock is £200.
The potential turnover of the business within the next 2 years is forecast to reach £60,000 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. The rates are £1,453 pa including water. |
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Living Accommodation: |
Yes |
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Details of Accommodation: |
The property is semi-detached it is very well presented and conveniently laid out. There are 9 beautifully decorated guest rooms and spacious private living accommodation for the owner. |
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Location: |
- Situated in the heart of Weston-Super-Mare in North Somerset.
- Prominent location on main arterial road.
- 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 A370, A3033, A371 and M5.
- The Sea Life Centre, Wookey Hole Caves, North Somerset Museum, Clarks Village, Cheddar Gorge and Longleat Safari park all lie close by and the sea front is only a 1 minute walk away.
- Area enjoying much growth and regeneration.
- A lifestyle area.
- Excellent local demographics for this type of area.
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As far as competition is concerned there many other similar business within this popular holiday destination and seaside town. |
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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 and local and internet advertising.
• Becoming more efficient with staffing levels.
• With an enhanced website.
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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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now 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 1 part-time staff. The wages are £5.95 ph. |
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