Thriving Guest House in Eastbourne
Price:
Freehold - £375,000
Location:
East Sussex, Eastbourne
Business Details
The particular highlights of the business are:
- A well established business for over twenty years.
- Food loyal clientele with re-bookings year on year.
- Fully equipped business with 9 letting rooms and a separate owner’s apartment.
- Turnover in excess of £25,000 (see financial summary below).
- A business with great potential which has not been exploited because owner is ready to retire.
- An easily run operation.
- A good first time buyers business and ideal purchase for a couple.
- Business enjoys superb reputation.
- The concern provides traditional guest house with some extras.
- They are members of the hotel association and comply with safety standards etc.
History
Phoenix Business Transfer Agents are delighted to place onto the market this Guest House which has been established for over 20 years. The business has been in the hands of the current owner for 12 years and now wishes to sell due to retirement.
Owners Role
The owner is involved in the day to day running of the business.
Marketing
The owner markets the business in Eastbourrne.org and has a website.
No marketing or promoting of the business has recently been undertaken as the business is well known.
Competition
As far as competition is concerned there is another similar business nearby as this is a tourist haven.
Opportunities
The concern has huge potential. In particular the turnover and profits can be increased by:
• Increasing the marketing activity with direct mailings including local and internet advertising.
• Increasing the menu to include evening meals.
• Increasing the product line to include winter specials.
• 2 of the rooms could be refurbished to make en-suite rooms.
Training and Handover
The owner would be available for an extensive training and handover period for the benefit of the new owners if required. The owner would also be happy for an on the job observation period to assess the business prior to offers being made.
PROPERTY DETAILS
The property is terraced and on 3 levels. The front is branded and very attractive with a seating area in the front.
There are 9 letting rooms, 5 with on suite and 4 without. There are 2 bathrooms and toilets for these 4 rooms. There is a large dinning room and a very large guest living room with a TV etc.
There is a large kitchen with a center cooking station and extractor.
The owner apartment is small but has a living room, bedroom, bathroom, toilet and an office/study.
There is a small back yard that could be made into a seating area for guests.
EQUIPMENT WITH SALE
All fixtures, fittings and equipment are included in the sale price and are valued at £10,000.
FINANCIAL DETAILS
The present annual turnover is £25,000 with a gross profit of 80%. The present value of the stock is £500.
The potential turnover of the business within the next 2 years is forecast to reach £65,000 pa given the changes that are required to be made to the business. Full financial disclosure is available on request after viewings and the signing of a confidentiality agreement.
Please note Phoenix do not guarantee the accuracy of these figures which are in many cases estimated and are not verified. Please do not rely on the accuracy of these figures and seek professional help before making any offers. Phoenix will not be held liable for any inaccuracies in these figures or any other statements contained in relation to this business.
Disclaimer
These details do not constitute part of an offer or contract.
The statements and descriptions given are made without warranties by Phoenix Business Agents Limited who it should be noted have NOT verified the information provided.
Purchasers should in all cases undertake financial due diligence using their own professional advisors before committing themselves in contract rather than relying on illustrations ,figures and information given on behalf of the seller.
- Situated in Eastbourne.
- Approximately 100 meters from the Sea front.
- Excellent parking facilities.
- It is in a prominent location.
- Surrounded by densely well populated residential area with schools and other local amenities.
- Commercially thriving area with many Hotels and Guest Houses.
- Well linked with Bexhill-On Sea and all main tourist areas of the Sussex coast.
- Area enjoying much growth and re generation.
- A lifestyle area and tourists haven.
- Excellent local demographics for this type of area.
The owner apartment is small but has a living room, bedroom, bathroom, toilet and an office/study.
North Yorkshire
£ 750,000
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