Bed & Breakfasts for sale in York

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Stunning Guest House and Tea Rooms and Holiday Cottage for sale

York, North Yorkshire, England

  • Leasehold Price: £129,995
  • Turnover: £130,000
  • Gross Profit: £104,000
Seller Reference: B05952
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Business Description
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
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Seller Reference: B05952
Request Details
Business Description
Business
Please quote reference B05952

Hilton Smythe welcomes to the market Harmony House B&B & Tea Rooms, which opened in 2019. Though the business is thriving, and our clients have thoroughly enjoyed running the Harmony House, the business now come to the market due to health issues.

This is a very rare opportunity to run a stunning 5 bed luxury Guest House offering bed and breakfast, 1 bed Cottage and Tea Room trading from a very affluent area near York. There are 3 aspects of the business, The B&B Rooms, Tea Room and the Holiday Let Cottage.

The Tea Room has been a huge success in the village. Our client has been hosting themed nights which have been total sell outs every time. A very successful guest house and Tea Room business with separate living quarters. Even with the 2020 government restrictions the Tea Room alone became a huge success on takeaway’s and once a month themed evenings as well as the cottage with its own access having a long term holiday let tenant who has still been paying for this whilst currently not occupying the cottage.

The owner has a dedicated social media page which has a fantastic following and a great platform for advertising.

The property has had a full makeover throughout with nothing to do whatsoever. This business has gone from strength to strength since establishment. The commercial lease is protected by the 1954 act which gives you full protection and renewable with 4 years left to run and this is another rarity having security of tenure. So, if you are looking for a Lifestyle change to a gorgeous part of the world with excellent schools nearby and shopping then this may be just for you.

It will come fully furnished and ready to continue minus personal belongings. Properties and opportunities like this do not come around often. Therefore, early viewings come highly recommended.

Location
The business is located at Stillingeet, York, prominently situated, with excellent eye catching signage.

Situated in a stunning location, close to the famous York Racecourse and only 15 minutes into the City of York. Lots of parking

Premises
The business is very well presented and maintained throughout, with excellent eye catching signage.

The main house has 3 letting rooms (can be 4 but the owners’ choose to keep the remaining bedrooms for themselves) all with en-suite, guest sitting room, guest dining room, huge fitted kitchen, utility room, conservatory (which is the tea room part), enormous garage that can house 6 cars (which the owners use for freezers and storage etc), cottage over 2 doors with lounge, kitchen, bedroom and bathroom.

Assets included in the sale comprise of: -

Kitchen equipment including fridge, freezer, oven and hob, Furniture (tables and chairs), External furniture, ample crockery.

Tenure
We are advised that the business is being sold on Leasehold basis with a 5 year agreement originally, 4 years remaining. with annual rent of £24,000 per annum. Which increases to £28,000 in year 3.

The business also benefits from being rates exempt

The lease is protected and covered by the 1954 tenant and landlord act.

Hours
The tearoom trading hours are currently: -

Monday – Tuesday: Closed
Wednesday – Saturday: 09.00-17.00
Sunday: 09.00 – 16.00


Staff
The business is currently owner ran, therefore there are no staff members looking to stay employed.

Financial Profile
We are advised that the business turnover is projected at £130,000 with an 80% gross profit.

Please quote reference B05952

Tenure:
Leasehold
Listed by:
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