Bed & Breakfasts for sale in Lincolnshire

View the "SUPERB SEASIDE GUEST HOUSE WITH 14 LETTING ROOMS AND 2 BED BUNGALOW LINCOLNSHIRE" below and request further details. Alternatively, please view the similar businesses in the 'You May Also Like' box below.
 

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S Martin (Feb 2013)
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Freehold Price: £400,000
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Business Description
SUPERB SEASIDE GUEST HOUSE WITH 14 LETTING ROOMS AND 2 BED BUNGALOW LINCOLNSHIRE
Potential to open the 36 cover dining room as a restaurant
2 bedroom bungalow with potential to sub let
£50,000pa turnover with high profit returns
Prime trading location in Mablethorpe
Early viewing highly recommended
Reduced for Quick Sale
Large car park
Licenced bar
FREEHOLD

Business History

Meridian Business Sales is delighted to offer for sale this quality guest house located in the popular and thriving town of Mablethorpe in Lincolnshire. The guest house has been in the carful hands of our clients since 2005 who only now wish to sell due to their desire to move closer to family. The guest house has 14 letting rooms all of which have been renovated to a high specification. The guest house is run by our clients with the help of part time staff and is rated as 3 stars by the tourist board. The business currently has an annual turnover of £50,000 with a gross profit of 85%. Our clients have informed us that there is huge scope for growth as the business is currently run at a pace to suit their lifestyle and there is tremendous opportunity to increase trade. In the past the guest house has had planning passed to extend the property to provide further letting rooms, this planning has now lapsed but could be reinstated. The property has a unique feature in that it has its' own detached 2 bedroom bungalow for the owners' accommodation. Additionally, this bungalow could be let as holiday accommodation which would create a further £300 per week income during the summer season. The business receives lots of repeat bookings due to the quality service that the guest house offers. The property has a large commercial kitchen and a dining room that seats 36 covers and our clients have informed us that this would be a popular choice to open as an evening restaurant further enhancing the already impressive annual turnover. Meridian Business Sales recommends early viewing so as to fully appreciate the quality and scope for growth of this business.
Tenure: Freehold

Accommodation Details:

Substantial brick built and extended property with 14 letting rooms, a large car park and a separate detached 2 bed bungalow, briefly comprising: GROUND FLOOR The guest house is entered via the main door into the reception area and inner hallway. The hall leads to the large bar and guest lounge with a range of tables and chairs plus fully functional bar with draft beers. The property has a large dining room which can seat 36 making this room ideal for a non guest restaurant. The dining room leads to a fully fitted kitchen with built in appliances and commercial extraction. Off the kitchen is a utility room with appliances for laundry and a sink. On the ground floor are two disabled rooms with full en suite facilities tea and coffee plus television. The main staircase leads to the first floor landing. The first floor has 10 letting rooms, 8 have full en-suite facilities and two single rooms share the separate shower and toilet. There are 5 double rooms, 1 twin, 2 family and 2 sin

Location Details:

The guest house is located in a prime trading position in the busy and thriving seaside resort of Mablethorpe in Lincolnshire. Mablethorpe is a traditional seaside town with a good mix of period and affordable housing plus all of the main amenities such as banks, post office supermarkets etc. The area is renowned for its pleasant countryside and long sandy beaches which are enjoyed by the locals and tourists on an all year round basis. The prime position of the guest house provides easy access to the town centre and the beach. The town centre has over the years had large amounts of investment in its infrastructure retail and recreational facilities. Mablethorpe also has a thriving night life with good quality restaurants, bars and cinema which again attract tourists in large numbers during the summer season. Mablethorpe is close to the larger resort of Skegness were all of the major retailers can be found plus fun fair, bars and restaurants. The county of Lincolnshire offers good schoo

Listed by: Meridian Business Sales Limited
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