Bed & Breakfasts for sale in Weymouth

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Mr & Mrs Neville (Sept 2013)
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Leasehold Price: £325,000
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Business Description
Views of the Sea or Harbour from every room!
8 Letting Bedrooms; Self Contained Owners Accommodation;
Breakfast Kitchen and Private Kitchen;
Car Parking
The property is located in possibly the best position in Weymouth which offers guests a view of either the sea or harbour from each room. The guest house is convenient for the town centre, beach, Pavilion Theatre and the harbour where around 17 boats leave for deep sea fishing – a important part of the business.
A Georgian Grade II Listed building with gas fired central heating. Six of the eight letting rooms have en suite facilities, whilst single rooms 1 and 7 share a shower room – with little work each of these rooms could have own facilities as a closed shower room with an adjoining w.c. is next to room 7 which could be incorporated into the room as an en suite which would allow all eight rooms to have private facilities. This guest house has both a breakfast and private kitchen – which is rare in properties of this size. Many improvements have been carried out recently with new carpets, bedding etc.
A bed and breakfast business in a superb position which has built up a good reputation under the present owners’ stewardship with much repeat trade from tourists, sea anglers and business people. Lawrence Wright had the pleasure of selling the business to the husband and wife owners in 2007 and the business is now available as the gentleman owner has been offered a full time opportunity in employment. The business trades throughout the year closing for periods in the winter time for holidays and breaks.
and a turnover from the letting of 5 bedrooms in the most recent years was approximately £55,000 achieving a reconstituted net profit of approximately £28,000 – the owners’ chartered accountants have projected an increased turnover with one additional bedroom brought back into letting use of £62,200 achieving a profit of £32,435 – the owners have never let one of the bedrooms, keeping it free for visiting family members and more recently two bedrooms have been used by a family member – from evidence of other similar guest houses in Weymouth, the agents believe that if all bedrooms were used for letting, a turnover approaching the current vat limit could be achieved.

Tenure: premises are held under the terms of a full repairing and insuring lease from Weymouth and Portland Council for 60 year term from 2007 at a current rent of £14,000 p.a.
Tenure: Leasehold

Listed by: Lawrence Wright
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