Freehold Guest House in a Historic Georgian Worcestershire Town
Price:
Freehold - £450,000
The particular highlights of the business are:
- A well established business.
- Good loyal clientele.
- Fully equipped business with favourable lease terms (see below).
- Turnover in excess of £45,000 pa with a net profit of £26,241(see financial summary below).
- A business with great potential.
- An easily run operation.
- A good first time buyers business and ideal purchase for a husband and wife team
- Low rates.
- Very low overheads.
- A niche concern with very little competition.
- Business enjoys superb local reputation
- The concern provides Bed and Breakfast.
History
Phoenix Business Transfer Agents are delighted to place onto the market this Freehold Guest House which has been established since 1988. The business has been in the hands of the current owner since 2003 and they now wish to sell due to retirement.
Services
This very good business opportunity provides Bed and Breakfast.
Staffing
The concern employs no staff and is family run.
Owners Role
The owner is involved in the day to day running of the business.
Marketing
The owner markets the business in Visit England, various web links and has a website.
Competition
As far as competition is concerned there is one other similar business within one mile which has a much lower star rating.
Market
The client base consists of tourists and business customers.
Opportunities
The concern has huge potential. In particular the turnover and profits can be increased by:
• Increasing the marketing activity with direct mailings and local and internet advertising.
• Increasing the number of guest room by reopening the 10th room and Coachman’s House.
• Increasing the services to include evening meals.
• Becoming more efficient with staffing levels.
• With an enhanced website and e-commerce.
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.
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 Stourport on Severn in Worcestershire.
- Prominent location close to main arterial roads.
- 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 A451, A4025 and A449.
- Kidderminster, Droitwich and Bromsgrove all lie close by.
- Area enjoying much growth and regeneration.
- A lifestyle area.
- Excellent local demographics for this type of area.
- Affluent area.
The spacious and completely separate private accommodation has an enormous living room (the Victorian extension), king size double bedroom with eh-suite bathroom, office and large kitchen which boasts an Aga range.
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