Bed & Breakfasts for sale in Tyne and Wear

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WELL ESTABLISHED 13 LETTING ROOM GUEST HOUSE - TYNE AND WEAR

Tyne and Wear, England

  • Freehold Price: £520,000
  • Annual Turnover: £60,000
Seller Reference: 4347
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Business Description
 
 
 
 
 
 
 
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Seller Reference: 4347
Request Details
Business Description
WELL ESTABLISHED 13 LETTING ROOM GUEST HOUSE - TYNE AND WEAR
Situated in the coastal town of South Shields
Bookings running into the following years
Well presented and equipped throughout
High amount of regular and repeat trade
Genuine reason for sale
Walk in condition
FREEHOLD

Location
This superb guest house is situated on a through road in the desirable town of South Shields, Tyne and Wear. The business is surrounded by residential properties, complimentary businesses, visitor attractions, leisure facilities and much more deriving much of the businesses trade. South Shields is a coastal town at the mouth of the River Tyne, about 4.84 miles (7.79 km) downstream from Newcastle upon Tyne. Tyne and Wear and the inside towns and suburbs are easily reached through the A167.

Business History
Meridian Business Sales are delighted to offer to the market this excellent guest house which was established by our client in 1981. The only reason this brilliant business is being offered to the market is due to our clients desire to take a well deserved retirement.

Since the business was established our client has invested time and money into the business and premises to the point where it is in full walk in condition.

Our client informs us that they currently generate a respectable annual turnover which is derived from offering comfortable letting rooms and a high quality English or continental breakfast menu.

The guest house comprises of 13 letting bedrooms and each room is fully equipped with a flat screen, freeview TV, mini fridge, coffee-making facilities -kettle and daily supply of sachets/tea bags, central heating and WiFi.

Our client has continually developed and improved the business introducing new lines and income streams which have enhanced the business massively.
The business enjoys a strong reputation within the local community and beyond and as such has a high level of regular and repeat trade.
This is an ideal opportunity to purchase an established business which is a great base to build upon and as such early viewing is highly recommended as this fantastic business is not to be missed.

Tenure
We are advised Freehold

Accommodation
Well maintained property briefly comprising:
GROUND FLOOR
Laundry room
Storage area
1 x dining room
1 x family en-suite
Owner’s accommodation
1x lounge
1 x kitchen
1 x double en-suite bedroom
1 x ancillary area
FIRST FLOOR
1 x family en-suite bedroom
2 x single en-suite bedrooms
3 x double en-suite bedrooms
SECOND FLOOR
1 x family en-suite bedroom
2 x single en-suite bedrooms
2 x double en-suite bedrooms
EXTERNAL
Open air covered terrace with bench seats
Listed by:
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