Guest Houses for sale in Bridlington

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 I am delighted with the service – I’ve sold my business and highly recommend Daltons to other business sellers 

Marianne Ross (April 2014)
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Freehold Price: £249,950 Annual Turnover: £39,000 Annual Gross Profit: £31,000
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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 in the coastal resort of Bridlington, East Riding of Yorkshire.

The business was established in the 1950s and has been in our clients’ careful ownership since 2005. Only now is the business being offered to the market due to our clients’ desire for a well-deserved retirement. The guest house currently operates 9 months of the year and generates a turnover in the region of £39,000 per annum, with a gross profit of approximately 80%.

Our clients offer 8 guest letting rooms over the ground, first and second floors on a bed and breakfast only basis. The property boasts over 230 sq. metres of floor space, is very well maintained and all the guest rooms are decorated to a very high standard.

The guest house has recently been inspected by the Bridlington Tourism Association, which is equivalent of 3-star Visit England. The Tennyson was also the 2013 winner of Certificate of Excellence by the popular travel website Trip Advisor, as well as having tremendous customer reviews on the website.

The business has built up an excellent reputation within the area and further afield for the high quality of the accommodation and service offered, which has resulted in a very loyal client base, with a high volume of repeat trade and word of mouth recommendations. The guest house already has an informative website at www.thetennyson-brid.co.uk.

We feel there is scope to increase the turnover by operating the business all year round. A new owner could also embark on a modest marketing campaign to highlight the rooms and service offered. There is also scope to apply for an alcohol licence and offer evening meals to guests.

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
The Tennyson Guest House occupies substantial three storey premises, ideally located within the popular coastal town of Bridlington in the East Riding of Yorkshire. The property is surrounded by a mix of residential and complimentary businesses. The guest house is centrally located, just a small stroll from the North Beach, Leisure World, the town centre, the harbour and the Spa. The property benefits from good car parking facilities to the front of the premises,

Bridlington is a coastal town and civil parish on the Holderness Coast of the North Sea. According to the 2011 census, the town had a residential population of 35,369. Bridlington is a minor sea fishing port with a working harbour and is well-known for its shellfish. It has a mix of small businesses across the manufacturing, retail and service sectors, with its prime trade being with tourism in the summer months.

The area of the business is well served by the public transport system, with the bus station within easy walking distance of the property. Bridlington railway station is approximately half a mile away. The area is also well served by the A-roads, with both the A165 and A614 being within easy driving distance, which links to the national A-road and motorway networks. Scarborough is approximately 22 miles away and York is 43½ miles away.

PREMISES
Substantial three storey premises, ideally located in Bridlington, briefly comprising:

Ground floor:

Main entrance from the street into a small and informal reception area, with a display stand for local information and events.

To the left is the dining room for up to 14 covers, where breakfast is served.

Room 8: Is a ground floor letting room, which is a twin room with en-suite shower.

Owners accommodation:

Good size living room.

Kitchen, which is also used for guests as well as owners’ private use.

Double bedroom with en-suite shower room and walk-in wardrobe.

Access to owners’ patio, which is accessed from the living room and the bedroom.

First floor:

First floor landing.

Room 1: Twin room with en-suite bath with shower over.

Room 2: Double with en-suite shower.

Rooms 3 & 4 make up a family suite. Room 3 is a double with en-suite shower and room 4 is a single with a sink unit. These rooms can be closed off via an external door to create a family suite.

Second floor:

Second floor landing.

Room 5: Twin room with en-suite bathroom.

Room 6: Double with en-suite shower.

Room 7: Large double with 4-poster bed and en-suite bathroom.

Laundry store cupboard.

External:

Well signed and presented frontage.

Gated car parking space for owners use.

TENURE
We are advised Freehold.

HOURS
The business hours are flexible.

STAFF
The business is owner run and managed with 1 x casual staff member.

FINANCIAL PROFILE
The business generates a turnover in the region of £39,000 per annum, with a gross profit of approximately 80%.



Tenure: Freehold

Listed by: Hilton Smythe
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