EXCELLENT BED AND BREAKFAST
Price:
Freehold - £250,000
Location:
North Yorkshire
EXCELLENT BED AND BREAKFAST - NORTH YORKSHIRE
Situated in the popular tourist destination of Scarborough
Repeat trade built upon an outstanding reputation
Advised turnover £14,798 with good gross profits
Beautifully presented and spacious throughout
6 letting bedrooms all with en-suite
Early viewing strongly advised
Scope for further development
FREEHOLD
Business History
Meridian Business Sales are delighted to offer to the market this superb bed and breakfast which has been established since 1871 and has been in the capable hands of our client since 1981. The only reason this rare opportunity is being offered to the market is due to our clients desire to take a well deserved retirement. Since owning the business our client has built up a fantastic reputation and benefits from a high percentage of repeat and regular custom. We are advised of an annual turnover £14,798 with good gross profits which is derived from the letting of our clients beautifully presented letting rooms.
There is great scope for a potential increase on turnover as this business is now run at a pace to suit our clients lifestyle. Our client only trades for 26 weeks of the year and is now very selective on client bookings taking in only those who have previously visited or been recommended by a former visitor, indeed our client takes no passing trade what so ever. Also the business does no external advertising, does not offer an evening meal service and no longer operates with a bar license again providing multiple opportunities to considerably increase the turnover. This is a rare opportunity to purchase a business with a wonderful reputation in one of Scarborough's busiest tourist areas with amazing scope for improvement on turnover and as such early viewing is highly recommended as this business is not to be missed.
This excellent bed and breakfast is located at the heart of one of Scarborough's main tourist areas, it is within a 5 minute walk of the North Beach and within a 10-15 minute leisurely walk of the South Beach. The business is surrounded by other complimentary businesses making this an ideal trading location. The town centre and all of its main attractions are also within easy reach. Scarborough is a town on the North Sea coast of North Yorkshire, it is best known as a popular tourist destination with beautiful sandy beaches and a multitude of attractions. It is widely recognised as the largest holiday resort on the Yorkshire coast and affectionately known as 'Heartbeat Country' made famous by the popular BBC drama. Scarborough is reached easily via the A165 coast road linking the town with nearby Whitby and Bridlington, the A64 provides access to York and further access to the UK's wider motorway network via the A1 and M1.
Grade II listed mid terraced 4 storey building built Circa.1820, wonderful main road location with fabulous opportunities for passing trade, briefly comprising:
GROUND FLOOR
Secure entrance leading to welcoming reception area, residents lounge, dining room with 12 covers, access to rear car parking and stairway access to lower ground floor private accommodation.
FIRST FLOOR
Room 1 - Large double bedroom with single bedroom; Annex with en-suite bathroom; Room 2 - Double bedroom with en-suite. Stairs to second floor.
SECOND FLOOR
Storage cupboard; Toilet; Room 3 - Double bedroom with en-suite including bath; Room 4 - Double bedroom with en-suite. Stairs to 3rd floor.
THIRD FLOOR
2 x storage cupboards; Room 5 - Family bedroom with en-suite; Room 6 - Double bedroom with en-suite.
ADDITIONAL FLOOR
Lower ground floor private accommodation briefly comprising: Private lounge with feature fireplace and real fuel fire, office area, fitted kitchen with dumb waiter, storage cup
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