Guest Houses for sale in Plymouth

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 I had an offer for my Cafe Bistro business within 4 days of the advertisement going live on Daltons. 

Beverley Iles (September 2016)
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Freehold Price: £425,000 Annual Turnover: £70,000
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Business Description
• GREAT CITY CENTRE LOCATION
• ESTABLISHED COMMERCIAL & PRIVATE TRADE
• 7 LETTING ROOMS ALL WITH HIGH OCCUPANCY
• SPACIOUS SELF CONTAINED 1 BEDROOM FLAT
• 5 OUT OF 5 FOOD HYGIENE RATING
• EXCELLENT TRIP ADVISOR REVIEWS
• IN OUR VIEW IN TOP 10% OF B&BS

LOCATION:
The property is very conveniently located for both the Hoe and the city centre, in Citadel Road East. The rooms at the front of the property enjoy a delightful aspect. On-street permit parking is normally readily available either immediately outside or within a matter of yards.

BUSINESS:
This long established, well presented, guest house enjoys an all year round trade emanating mainly from the commercial sector rather than tourism, attracting white collar workers from the University and Marine Biology College and contractors and labourers working on projects in the city centre. However, there are also regular private guests using the nearby ferry port and much in the way of repeat business from guests who have previously enjoyed the excellent hospitality made available by the current owners.

There are 7 letting rooms altogether arranged over 3 floors. This includes 5 x doubles, each with ensuite facilities, and two singles with shared facilities on the first floor landing. The key point to mention here is that the very nature of the client base means there is always a high demand for the single rooms from contractors in receipt of a daily accommodation budget, hence high occupancy levels are maintained for all rooms throughout the year.

The trading level has been very impressive over an extended period and the vendors have been obliged to manage bookings to ensure the Vat threshold has not been breached – this has enabled them to take 7-8 weeks holidays each year in recent years (plus odd weeeknds). They have also wished to slow down to an extent as they work towards retirement.

The business does not use the services of bookings agencies (they have never had to) but new and energetic owners wishing to optimise turnover seem likely to be able to generate trade approaching the current vat threshold of £85,000 without difficulty.

The property also offers very comfortable and spacious one bedroom owner’s accommodation at lower ground floor level, which is bright and airy and entirely separate from the main guest areas. The fully fitted, attractively presented, bathroom is a feature particularly appreciated by the current owners when they are looking to relax.

Taking all this into account we see this as an excellent opportunity for a committed couple to generate an above average income for a property of this size whilst also being able to enjoy the fruits of their labours in more comfortable owner’s accommodation than many apparently similar properties.

A full external and internal inspection is strongly recommended at an early opportunity.
NB The business has an excellent website which may be viewed here: www.seymourguesthouse.co.uk

The vendors ask politely that all enquiries be routed through Adams & Co please and on no account should a direct approach be made.

YEARS ESTABLISHED:
Established as a guest house many years ago, the business was acquired by the current owners in 2008.

TRADE:
Please note that if a business is VAT registered, all figures exclude VAT.
Trade peaked at £69,919 in the year ended 31 March 2012, since which time the vendors have made a conscious effort to manage turnover by taking regular holidays.

Detailed financial information will be made available to interested parties upon completion of a form of confidentiality agreement and following an exchange with Adams & Co regarding background, reason for interest, financial position and ability to proceed.

REASON FOR SALE:
Retirement planning.

STAFF:
The business is operated by a couple without further assistance. Linen is hired from a commercial laundry to reduce workload.

OPENING HOURS:
The business trades throughout the year but the vendors have been closing for c 7-8 weeks (and odd weekends) per annum in recent years to take holidays and manage turnover levels as described.

BUSINESS PREMISES:
(all sizes are approximate & should be considered 'nominal'.)
Ground Floor -

Entrance Vestibule -

Entrance Hall - Stairs rising to 1st floor landing. Doors to breakfast room, room 1 and kitchen. Radiator. Dado rail. Ornate coving.

Breakfast Room -13' 9'' x 13' 8'' (4.20m x 4.16m)
uPVC double glazed window to the front. Radiator. Multiple chairs and table for the guests’ breakfast.

Bedroom 1 -10' 4'' x 10' 4'' (3.16m x 3.14m)
Double room. Sash window to the rear. Radiator. Built in storage. Door to ensuite with shower cubicle, wc and wash hand basin.

Kitchen-12' 5'' x 6' 11'' (3.79m x 2.11m)
Fitted with a modern range of wall and base units with roll top work surface over. Inset one and a half bowl stainless steel sink with mixer tap and single drainer. Space and gas point for range cooker. Plumbing and space for dishwasher. Space for 2 x fridge/freezers. uPVC double glazed window to the side aspect. Inset ceiling lights. Door and stairs leading down to basement flat.

First Floor Landing

Wc- Low level wc and wash hand basin.
Shower Room-Corner shower cubicle with fitted shower over. Wash hand basin. Low level wc. Wall mounted heated towel rail. Window to the side aspect.

Bedroom 3-11' 2'' x 10' 5'' (3.40m x 3.18m)
Twin room. Sash window to the rear. Radiator. Built in storage. Door to ensuite with shower cubicle, wc and wash hand basin. Coving to ceiling. Ceiling rose.

Bedroom 4-14' 2'' x 9' 3'' (4.32m x 2.81m)
Double room. uPVC double glazed bay window to the front. Radiator. Built in storage. Door to ensuite with shower cubicle, wc and wash hand basin. Coving.

Bedroom 2-8' 8'' x 11’ 2'' (2.65m x 3.4m)
Single room. uPVC double glazed window to the front. Radiator. Wash hand basin. Coving.

2nd Floor Landing

Bedroom 6-11' 3'' x 10' 6'' (3.43m x 3.21m)
Double room. Sash window to the rear. Radiator. Built in storage. Door to ensuite with shower cubicle, wc and wash hand basin. Coving.

Bedroom 7-- 14' 0'' x 9' 1'' (4.26m x 2.77m)
Twin room. Built in storage. Door to wc. Shower cubicle with fitted shower. Wash hand basin. uPVC double glazed window to the front.

Bedroom 5-11' 2'' x 7' 9'' (3.4m x 2.37m)
Single room. uPVC double glazed window to the front. Radiator. Wash hand basin. Coving.

Note:
Where items of equipment and appliances are mentioned, no warranty is given or implied as to their operational condition.

PRIVATE ACCOMMODATION:
(all sizes are approximate & should be considered 'nominal'.)
Lower Ground Floor -

Self Contained Flat -

Hallway - Radiator. Stairs rising to ground floor level. Door to store, lounge, bedroom, utility area, bathroom.

Lounge - 13' 5'' x 12' 9'' (4.09m x 3.88m)
uPVC double glazed window to the front. Radiator. Coving and ceiling rose. Living flame feature fireplace.

Bedroom - 11' 5'' x 11' 3'' (3.47m x 3.42m)
uPVC double glazed window to the rear. 2x radiators. Range of fitted wardrobes.

Utility Area - uPVC double glazed door to the rear courtyard. Door to;

Bathroom -Panelled bath with fitted shower screen and shower over. Low level wc. Wash hand basin. Wall mounted ladder style heated towel rail. Inset lighting. Tiling to walls. Laminate flooring. Obscure uPVC double glazed window to the side.

Rear Courtyard - Walled private area of courtyard with timber decked seating area. Access to laundry room and store.

Laundry Room - Space and plumbing for 2 x washing machines. Space for tumble dryer.

OUTSIDE:
Permit parking is available immediately to the front of the property and in the street nearby.

TENURE:
Freehold

ENERGY PERFORMANCE RATING:
Energy Performance Certificate No: 9791 3047 0028 0600 9125
Energy Performance Asset Rating: 90 Category D
Tenure: Freehold

Listed by: Adams & Co
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