Guest Houses for sale in Norfolk

View the "FREEHOLD GUEST HOUSE IN WELLS NEXT TO SEA, NORFOLK" below and request further details. Alternatively, please view the similar businesses in the 'You May Also Like' box below.

 Thanks to your email alerts I found & have recently completed on the purchase of a Hotel in Scotland 

Ian McGregor (Nov 2013)
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Freehold Price: £880,000 Price Reduced
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Business Description
Wells next the Sea is a popular holiday destination for families in the summer. Older couples and groups, predominantly birdwatchers, cyclists and walkers come throughout the year either as couples or as part of one of the many large and small parties that come to Wells. There is some commercial trade, mainly outside the summer season. The town has a thriving crab, lobster and whelk fishing port and is a popular 'ghilling' destination.

The town has a fine beach with a good number of beach huts adjoining Holkham beach which is widely regarded as one of the finest in the U.K. The town has a number of pubs, restaurants and cafes to support the visiting clientele.

The Cobblers Guest House is ideally situated some 30 ft above sea level in the middle of the town and is 100 yards from the sea front and less than 300 yards from all the towns many and varied eateries. The Cobblers is an eight bedroomed property with a separate high spec two bed owners cottage in the garden. It has been trading for over thirty years and has built up an enviable reputation and attracts many repeat customers.

THE BUSINESS ITSELF This business presents many options for a new owner. Currently turning over in excess of 100k p.a. with the high G.P. you would expect from this type of business, there is much scope for growth. A working couple could dramatically improve the bottom line as the vendor employs staff. The layout of the property, with the separate owners accommodation, means that the entire property could be rented out for house parties, an option that is currently utilised at Xmas and New Year. Currently providing B & B only, there is scope to offer evening meals. Over the last few years the average has been around 3000 nights covering an eleven month period.

There is an online booking system and the domain name is included in the sale.

Tenure: Freehold

Listed by: Everett Masson and Furby
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