Freehold Bed & Breakfast Development Opportunity

Price:

Freehold - £550,000

Seller Ref:

2242

Location:

Somerset , Frome

Business Type:

Hotels

See Other:

Bed & breakfasts for sale in Somerset
Hotels for sale in Somerset

Description:

THE BUSINESS:

The particular highlights of the business are:
- The business has been run as a takeaway but is now available as a premises ideal for converting into a Bed & Breakfast.
- An ideal purchase for a property developer or builder looking for an exciting new project.
- Low rates.
- Very low overheads.
- A niche opportunity with very little competition.

History
Phoenix Business Transfer Agents are delighted to place onto the market this excellent Bed & Breakfast Development Opportunity.

Services
This very good business opportunity previously operated as a takeaway.

Staffing
The concern employs no staff.

Owners Role
The owner has been involved in the day to day running of the business.

Marketing
No marketing or promoting of the business has recently been undertaken.

Competition
There are very low levels of local competition for a B&B.

Opportunities
The concern has huge potential. In particular the turnover and profits can be increased by:
• Redevelop the premises for use as a Bed & Breakfast.

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.

Location Details:

- Situated in the Wallbridge area of Frome in Somerset. - Prominent location on main arterial road and directly opposite Frome Rail Station. - 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 A362 and A361. - Bath, Trowbridge and Warminster all lie close by. - Area enjoying much growth and regeneration. - A lifestyle area. - Excellent local demographics for this type of area. - Affluent area.

Accommodation:

The property is a large 3 story semi detached building with ample room to develop into an 8 bedroom guest house/B&B all with en-suites. There is also ample space on the ground floor for private accommodation and a breakfast/dining room for guests. To the rear is a store room, double garage and parking for up to 3 vehicles and a garage.