The Business - Our clients purchased the property through this agency a few years ago and carried out a good deal of improvements including loft insulation, much redecoration, renewals in the private bathroom etc. but always with the view of preserving the original 1901 features as much as possible. The property was successfully run as a Bed and Breakfast establishment and was one of a very limited number on Portland. The business was run until around 2013 by a husband and wife partnership. The property is now let as a residential property on a monthly tenancy with vacant possession offered on completion of a purchase. The business had a three star accreditation. We are informed that the turnover was approximately £41,000. The agents feel that there is potential to increase this turnover to £54,000 - £60,000 p.a. with longer opening ( our clients did not run the business on an all round year basis) - new owners may wish to use the facilities of online booking companies to boost trade and provide facilities for the use of debit/credit cards.. The above projection was made by our clients accountant on the basis of 5 double rooms in use for only 5 days per week for 40 weeks of the year + a single room at £30 per night for 5 days each week for just 40 weeks.
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