UNIQUE QUALITY GUEST LODGE WITH RESTAURANT
Price:
Freehold - £560,000
Business Type:
Food Service Businesses, Hotels
UNIQUE QUALITY GUEST LODGE WITH RESTAURANT - LINCOLNSHIRE
Ideally placed on the A17 close to Cranwell and Sleaford
Turnover £170,000 pa with huge growth potential
Superb detached 4 bed owners accommodation
4 star silver award winning business
Early viewing highly recommended
Scope for further development
FREEHOLD
Business History
Meridian Business Sales are delighted to offer to the market this superb character 4 star silver award guest house with café restaurant and a superior detached 4 bedroom owners' property which has been in the careful hands of our clients since 1982. The only reason this award winning business is being offered to the market is our clients desire to take a well deserved retirement. Since our clients took over the business they have embarked on a full refurbishment and extension program to all areas of the business culminating in a true walk in and trade business. The guest lodge property was extended and refurbished in 2006 and provides guests with the highest levels of comfort and amenities resulting in the business achieving a 4 star silver award rating. The café restaurant has a high level of turnover even though our clients have reduced the opening hours to suit their lifestyle needs. Our clients inform us that the current combined turnover runs at £170,000 pa with a gross margin of 65% but this can be drastically improved by resuming the opening hours of the café restaurant. The business enjoys a strong reputation within the local community and also its regular clients which ensures high levels of repeat trade. Early viewing is highly recommended to fully appreciate the quality and growth potential of this unique business.
This superb 4 star silver award winning guest house with café restaurant and owners 4 bedroom detached property is located close to the village of Cranwell and the town of Sleaford in an area called Byards Leap. The business has welcomed visitors since the late 1800's, and although newly refurbished in 2006, the nostalgia of the legend of 'Old Meg' the witch, still remains today. The country kitchen café and restaurant has existed for over 100 years and is believed to be on the site of the hut were 'Old Meg' lived although the face of the building has stayed the same the interiors have been brought up to modern day standards. The property is located on the side of the main A17 trunk road that links Cranwell and Sleaford to the city of Newark which is ideal for attracting passing trade and regulars alike. The business is ideally located in a central position to benefit from the nearby towns of Bostonm, Grantham and the city of Lincoln.
Well presented and maintained 4 bedroom owners detached property coupled with an award winning 5 letting room guest house and 52 cover café restaurant briefly comprising:
OWNERS DETACHED PROPERTY - Ground Floor - Main entrance leading to large hallway with quality carpet and decoration onto a large lounge with feature fireplace and French doors to the garden.
Fully fitted kitchen with base and wall units plus built in appliances. Laundry room fully fitted with commercial grade appliances and a large dining room.
Staircase leading to first floor
First Floor - 1 x double bedroom with dressing room
1 x double bedroom with built in warrobes
1 x double bedroom
1 x family bathroom with separate shower
GUEST LODGE - Main entrance leading to spacious hallway and reception area with ceramic tiled flooring and 1 x storage room. 1 x double room with en-suite shower room, mini bar and flat screen TV. 1 x double room with wide doors and en-suite disabled bathroom. 1 x double room
North Yorkshire
£ 750,000
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