Guest Houses for sale in Elgin

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Guest Houses - Moray

Elgin, Moray, Scotland

  • Freehold Price: £399,950
  • Annual Turnover: £1
Seller Reference: BC48193
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Business Description
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Seller Reference: BC48193
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Business Description
• Highly desirable location
• 6 Letting rooms with private customer parking
• Average turnover over the past two years was £80,000.
• Loyal Returning Customer Base For Over 30 Years

Profitable freehold 6 bed guest house in prime, busy central location. Loyal Returning Customer Base For Over 30 Years. 1 Bedroom owner's accommodation. Private parking. Freehold Ref 48193

The Elgin Guest House is located in the town of Elgin, in the North East of Scotland, situated near the town’s busy centre. They have 6 letting rooms with 4 large rooms with en-suites and 2 single rooms with private shower rooms, four of which have been newly refurbished. The business also benefits from 6 private car parking spaces on site.
The current business is a bed and breakfast but in the past has been used as a café due to it having a large dining room exploiting its position near the town centre. This does have the potential to be reinstated if the new owners wish to do so.

The owner’s accommodation has a large living room, double bedroom with en-suite and fitted wardrobes, family kitchen and a utility room.

The current owners have successfully managed the guest house for the last 3 years, with it being refurbished to a good standard but due to family reasons they are reluctantly marketing the business for sale. This has been a well ran guest house with many returning visitors for well over 30 years.

Summary. Bruce & Co are delighted to bring to market this excellent guest house which is a truly turn key business opportunity. We are expecting a high level of interest so would recommend an early viewing is essential.
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