The business generates an excellent rental return in a locality that has witnessed a constantly high demand for such accommodation. The area benefits from year round trade and boasts potential to expand the business and take advantage of the demand for its services in the area.
8 Guest Houses
30 Letting Bedrooms
High Profit Margins
Outstanding lifestyle opportunity
Offers Over £1,200,000
Circa 30% ROI
Brown’s Guest House is a successful self catering business that generates a healthy income from accommodation sales with exceptionally high demand for letting rooms throughout the year. Operating at no less than 95% occupancy at any one time while frequently achieving 100%, the business benefits from a constant and sustainable income stream attracting personnel from the broad range of energy and service sector industries in the area.
Accommodation is offered on extended stay or short term lets with housekeeping services included. This has proved to be a lucrative arrangement and demand for affordable and suitable accommodation of this type in the area has soared and is likely to continue to do so.
The turnover has been steady and consistently high. A more detailed breakdown of the arrangement can be provided once a formal viewing has taken place. This sale presents an excellent opportunity for new owners to commence with immediate trading of a profitable and well run business while establishing their own reputation. Return on Investment is circa 30%
The Guest House occupies a central location in the commercial coastal town of Peterhead, a few meters from the local amenities, facilities and services which includes a number of primary schools and a secondary school.
The property is well serviced with good road and public transport networks, being located 30miles north of Aberdeen just off the A90 a major coastal road in the northeast of Scotland passing through Aberdeenshire, Angus and Perth, providing links from Fraserburgh to Aberdeen and beyond.
The town has a diverse economy including food processing, textiles, service industries and fishing. It is fast becoming a major oil industry service center, playing a significant role in the development of North Sea oil and gas with significant industrial developments being introduced to the area including the world’s first full scale Carbon Capture Storage Project operated by Shell.
Peterhead has one of the UK’s most versatile ports serving a broad range of industries including oil and gas, renewables, fishing and leisure. With recent investments in the area and further developments within the energy sector planned, the demand locally for letting accommodation is sustainable and almost guarantees full occupancy.
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