Bed & Breakfasts for sale in Cleethorpes

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S Martin (Feb 2013)
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Freehold Price: £280,000 Price Reduced Annual Turnover: £27,502 Annual Gross Profit: £25,716
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Business Description
BUSINESS
Hilton Smythe is delighted to welcome to the market this well-established and very popular guest house business, which is ideally located in Cleethorpes, Lincolnshire.

The business was original established as a guest house in the 1980s and has been in our clients’ careful ownership since 2000. Only now is the business being offered to the market due to our clients’ desire for a well-deserved retirement. The business operates all year round and according to accounts for the year ending April 2015 the turnover is £27,502, with a gross profit of approximately 93½%.

Our clients offer 7 guest rooms, which comprise of single, twin or double on a bed and breakfast basis. There is also 1 extra room which is used as owner’s accommodation. Our clients are currently enjoying regular business with contractors on a room only basis. All the letting rooms offers TV, coffee maker and a complimentary tray. The property boasts an impressive 251 sq. metres of floor space, is very well maintained and decorated to a very high standard throughout

The business has built up an enviable reputation within the area for the very high quality of the accommodation and services offered, which has resulted in a very loyal client base, with a high volume of repeat trade and word of mouth recommendations.

We feel there is scope to increase the turnover by embarking on a modest marketing campaign and registering with online booking agents. A new owner could also launch a website to promote the business, which could incorporate online booking facilities, as well as advertising the business on social media websites.

This is an excellent opportunity for a new owner, perhaps a husband and wife team or partnership, to take this already busy business to the next level; therefore early viewing must come highly recommended to avoid disappointment.

LOCATION
Prince’s Guest House occupies substantial two-storey premises, ideally located within the popular seaside resort of Cleethorpes, Lincolnshire. The business is situated in a quiet area, just 5 minutes from the town centre, sea front and railway station, making it an ideal base for tourists, contractors and visitors. The property benefits from off-street parking facilities for three vehicles and on street parking to the front of the premise.

Cleethorpes is located on the estuary of the Humber and has a residential population of 40,000, according to the 2011 census. Cleethorpes is a modern thriving seaside resort, it not only embraces the traditional family holiday, but has moved forward to provide the facilities and standards of quality expected of modern families. The town has changed significantly over the last few years, offering entertainment, amazing attractions and events throughout the year.

The area of the guest house is very well served by the public transport system, with several bus stops within easy walking distance of the property. Cleethorpes railway station is less than 5 minutes’ walk away. The area is also well served by the A-roads, with both the A16 and A180 being within easy driving distance, which link to the national A-road and motorway networks. Grimsby is approximately 3 miles away and Scunthorpe is 30 miles away.

PREMISES
Substantial two-storey premises in an ideal trading location, briefly comprising:

Lower ground floor:

Basement accessed via double doors at the rear of the property, used as a workshop and for storage.

Ground floor:

Two front entrance doors with porch.

Hallway/reception area with stairs leading to first floor.

Guest WC.

Room 1: twin room with basin.

Room 2: double room with basin.

Breakfast room set for 8 x covers (with room for an additional table, maximum 12 x covers) and dresser unit.

Patio doors lead to an external staircase and access to rear garden.

Owners’ accommodation:

Lounge.

Fully fitted kitchen with tall refrigerator, tall freezer, integrated dishwasher, range style electric cooker, 1½ bowl sink unit and microwave oven.

Utility area with sink unit, storage cupboards, washing machine and dryer.

Family bathroom with shower over bath.

Double bedroom with fitted wardrobes.

Frist floor:

Landing.

Room 3: double room with en-suite.

Room 4: double room with en-suite.

Room 5: double room with basin.

Room 6: single room with basin.

Room 7: single room with basin.

Shower room.

Shower room with linen store.

Overall including owners accommodation, there are 8 bedrooms.

External:

Front parking area for 3 x vehicles.

Side access gate leads to stepped pathway, down to rear garden.

Access to lower ground/basement area.

Rear terrace/patio area with feature arbour.

Mature rear garden with lawn and gravel areas, mature shrubs, trees, pond and garden shed.

TENURE
We are advised Freehold.

HOURS
The business operates all year round.

STAFF
The business is owner run and managed.

FINANCIAL PROFILE
According to accounts for the year ending April 2015 the turnover is £27,502, with a gross profit of approximately 93½%.



Tenure: Freehold

Listed by: Hilton Smythe
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