Beautifully Kept 15th Century B&B in East Sussex PRICE REDUCED
Price:
Freehold - £435,000
Location:
East Sussex, Hastings
The particular highlights of the business are:
- A well established business with repeat bookings year on year.
- Fully equipped business.
- Turnover in excess of £45,000 (see financial summary below).
- A business with great potential.
- An easily run operation.
- A good first time buyers business and ideal purchase for a couple or partnership.
- Very low overheads.
- Business enjoys superb local and national reputation.
- The concern provides bed and breakfast to a very high standard.
History
Phoenix Business Transfer Agents are delighted to place onto the market this 15th Century B&B which has been established for 6 years. The business was started by the current owner 6 years ago and they now wish to sell due to retirement.
Services
This very good business opportunity provides bed and breakfast to a very high standard. Rooms include TV, DVD and free Wi-Fi.
Owners Role
The owner is involved in the day to day running of the business.
Marketing
The owner markets the business on Booking.com, Lastminute.com and has a website with e commerce.
Competition
As far as competition is concerned there is another similar business close by as this is a tourist haven.
Opportunities
The concern has huge potential. In particular the turnover and profits can be increased by:
• Increasing the marketing activity with direct mailings including local and internet advertising.
• Increasing the menu to include evening meals.
• Acquire a license to sell alcohol.
• Offer specials for repeat customers.
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 £45000 with a gross profit of 87%. The present value of the stock is £500.
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.
- Situated in the old town area of Hastings in East Sussex.
- Excellent parking facilities.
- Surrounded by well populated residential area with schools and other local amenities.
- Commercially thriving area with many restaurants and pubs nearby.
- Well linked with London and Eastbourne.
- Mainline railway station, the beach and country park all lie close by.
- Area enjoying much growth and regeneration.
- A lifestyle area.
- Excellent local demographics for this type of area.
The property is terraced, built in 1489 and is Grade 2 listed. It has been refurbished by the current owners and has 1 twin room, 1 double room that share a bathroom/ toilet and a larger double bedroom with an en-suite.
The current owners occupy a further large double bedroom with an en-suite. There is a living room with a very large inglenook fire place that is wood-burning. There is a large kitchen dinner.
The property has been refurbished to a very high standard with original features such as beamed walls and ceilings. It is very attractive with many unusual features.
EXTERNAL
To the rear is a terraced garden.
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