| (REF: 2547) Truly Outstanding Freehold Guest House - For Sale |
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| Seller Reference: |
2547 |
| B4S Reference: |
29505 |
| Asking Price: |
£725,000
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| Net Profit: |
Undisclosed |
| Sales Revenue: |
Undisclosed |
| Number of Staff: |
Send enquiry for more details. |
| Established For: |
Send enquiry for more details. |
| Ownership: |
Freehold |
| Location: |
Richmond, North Yorkshire, United Kingdom |
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Meridian Business Sales are delighted to offer to the market this outstanding freehold 6 letting room guest house which was established by our clients over 6 years ago. The only reason this wonderful opportunity is being made available is due to our clients desire to down size their business with a view towards retirement. Since establishing the business our clients have invested heavily on the premises to the point that they are now in full walk-in condition representing a true turnkey opportunity for any prospective purchaser. We are advised of an annual turnover of £69,300 with good gross profits which is derived solely from the letting of the business stunning 4 star rated accommodation which provides the potential to increase upon an already very respectable turnover. The business is very much run at a pace to suit our clients lifestyle and they are very selective on which guests they agree to take primarily concentrating on repeat visitors. The business also has a beautifully presented 14 cover dining room which could also be used to offer an evening meal service which is currently not available. The introduction of a licensed bar would also be an option for any new owner. The business currently uses limited advertising and does not use any booking agents which again provides further scope to increase turnover as a more aggressive marketing strategy would be of benefit. Our clients have established a wonderful reputation and benefit from a high percentage of repeat and regular visitors with a very healthy forward order book in place. A superb website is also included in the sale price. This is a marvellous opportunity to purchase a thriving business with great scope for further development and as such early viewing is strongly recommended as this business is not to be missed.
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Property: |
Freehold |
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Living Accommodation: |
No |
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Location: |
This outstanding guest house is located on the main road that runs through the centre of Richmond in North Yorkshire. It is surrounded by complimentary commercial concerns which provide wonderful opportunities for passing trade, indeed the business is one of the first guest houses on entering the town which provides a wonderful high footfall trading location. Richmond known as The Gateway to the Dales is a market town and civil parish on the River Swale in North Yorkshire, it is well known as a popular tourist destination it is particularly well known for its castle which attracts visitors from all over the country, other tourist attractions include the Georgian Theatre Royal. Richmond is also known as a popular stop on the coast to coast which attracts walkers throughout the year from all over the world. Richmond is reached easily via the A1608 and A6136, the A1 and A1M provide further access to the UKs wider motorway network. |
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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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