Well Established Guesthouse With Regular And Repeat Trade For Sale
Price:
Freehold - £559,950
Location:
North Yorkshire, Knaresborough
This superbly appointed family ran guesthouse is located in a hugely sought after and popular market town in North Yorkshire. Knaresborough is a busy tourist destination and attracts thousands of visitors each year, which ensures small guesthouses such as this one thrive consistently.
The current owners have been in occupancy since 2005, and have successfully run the business over a number of years. However, the guesthouse has been in operation since at least 1948. The owners are reluctantly looking to sell due to semi retirement.
The business has a loyal following of regular and repeat trade, many of whom visit the guesthouse a few times a year. The business also has a 3 star English Tourist Board rating which is of great benefit.
The current owners have run the business very much as a lifestyle operation, closing for 6-8 weeks each year in order to suit themselves. This does therefore provide immense potential for growth of the business during these times should a new owner feel it necessary.
The business operation has 8 large and featured en suite bedrooms, all of which are decorated and kept to a very high standard. It is considered that any new occupier would have to spend little on the current standard of the bedrooms.
The property also has a 3 bedroom ownerâ??s accommodation on the first floor, which provides some tranquility away from the guests.
The business also benefits from having a large dining room with enough covers to cater for a full guesthouse, as well as a sizeable residential kitchen and access to a private owners lounge.
The business has an annual turnover consistently of around £60,000.00, staying just below the VAT level. However it is accepted that should a new owner wish to really push the business to its full potential, with longer opening times and a much higher occupancy rate, then the business could see turnover increase dramatically.
We believe the business would be an ideal purchase for a partnership or couple who can fully utilize the businesses potential as well as fit into the Post Offices current demand for driven and ambitious entrepreneurs.
DEMAND IS EXPECTED TO BE HIGH WITH THIS BUSINESS AND WE WOULD ADVISE EARLY VIEWINGS
This thriving guesthouse is situated in the sought after market town of Knaresborough, North Yorkshire. The business is situated on the periphery of the town centre and offers a tremendous vantage point overlooking a busy main road leading into the town centre. Knaresborough is a popular market town in North Yorkshire, situated only a few miles from its affluent neighbour, Harrogate, as well as being within easy reach of Leeds and Bradford. The town is well known for its historic castle as well as the stunning riverside which is popular with tourists. Knaresborough has good access links with the A1 motorway only 2 miles away, as well as the A64 from York
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