Freehold B & B in Dover Kent Price Reduced
Price:
Freehold - £285,000
Business Details
The particular highlights of the business are:
- A well established business that has been partly refurbished by the current owner. Part of the refurbishment has been a new roof.
- Good loyal clientele and 3 rooms that are let to DHSS. They are not on suite but have a private bathroom/toilet.
- Fully equipped business.
- Large dinning room with a fitted kitchen in the basement that could be opened to the public as a Wine bar or Tapas Bar.
- Owner is currently waiting for planning permission that has been verbally agreed but has not as yet been granted.
- Turnover in excess of £30,000 with a gross profit of £19,000 (see financial summary below).
- A business with great potential.
- The current owner has not been open all year due to refurbishment work.
- An easily run operation.
- A good first time buyers business and ideal purchase for partnership.
- Very low overheads.
- Business enjoys a good reputation and has pre bookings and repeat bookings.
- The concern provides B&B, 3 rooms with on suite, 3 rooms with private bathroom and separate toilet.
- There is a further room with on suite that could be used as a guest room but is currently used by the owner.
History
Phoenix Business Transfer Agents are delighted to place onto the market this Freehold B&B which has been established since 30 years. The business has been in the hands of the current owner since 2009 and now wishes to sell due to other business interests.
Services
This very good business opportunity provides B&B and DHSS.
Owners Role
The owner is involved in the day to day running of the business.
Marketing
The owner markets the business on a website.
Competition
As far as competition is concerned there is another similar business in the area.
Market
The client base consists of DHSS, tourism, business people/ port workers and building workers.
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 opening hours to include a Tapas Bar and sell alcohol.
• Increasing the product line to include evening meals and takeaways.
• With the introduction of a website and e-commerce.
• 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.
PROPERTY DETAILS
The property is terraced with large garage and off road parking for up to 5 cars. There are 6 double rooms, 3 with on suite, 3 with private bathroom and separate toilet. There is a large dinning room with a well equipped kitchen. There has been a new roof fitted in 2011 and all safety certificates are in place.
There is a 3 bedroom private flat with a kitchen and large living room. There is a large Garden to the rear.
Bluebells has planning consent for five 1 and 2 bedroom flats. Each unit would sell from £100,000 to £130,000, or would generate a rental of £2300.00pcm.
There are a number of store rooms and laundry room.
EXTERNAL
To the front there is parking for 5 cars and to the rear is a large garden.
EQUIPMENT WITH SALE
All fixtures, fittings and equipment are included in the sale price.
FINANCIAL DETAILS
The present annual turnover is £30,000 with a gross profit of 67%. The present value of the stock is £1,000.
The potential turnover of the business within the next 2 years is forecast to reach £95,000 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 Dover, Kent.
- This B&B is in a prominent location on main arterial road.
- Very close to the Main Line Railway station with a direct link to central London.
- Excellent parking facilities out side for 5 cars.
- Surrounded by densely well populated residential area with schools and other local amenities.
- High levels of tourists due to Dover Cruise and Ferry Port.
- Commercially thriving area.
- Well linked with the M20 to London.
- Dover Ferry and Port Channel Tunnel both lie close by.
- Area enjoying much growth and re generation.
- A lifestyle area.
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