Business Hilton Smythe is delighted to welcome to the market this well-established and busy guest house business, ideally located within the town of Bridgnorth, Shropshire.
The property dates back to 1693 and is grade II listed. It was originally a hostelry to provide sustenance for the bargemen that worked on the River Severn, it has been in our clients’ ownership since 2005 and is only now being offered to the market due to our clients’ desire for a well-deserved retirement. The business operates all year round, except for 4 weeks holiday and 3 days at Christmas and generates a turnover in the region of £72,000 per annum, with a gross profit of approximately 87%, as of 2016 accounts.
Our clients offer nine guest letting rooms on a bed and breakfast only basis. The property has recently been refurbished inside and out to a very high standard and has been awarded 4 Star Guest Accommodation by Visit Britain. Five of the bedrooms have full en-suite facilities, with a further two bedroom on each floor sharing a bathroom. All the rooms boast flat screen colour TVs, tea/coffee making facilities and wireless internet access.
On the ground floor is a stylish lounge/bar offering a range of beer, wines and spirits. The dining room has been traditionally decorated with the focus being on the lovely leaded window looking out onto the river quay side. To the rear of the property is a secluded courtyard, with decorated walls and beautiful potted plants. The property further boasts owners’ accommodation to the lower ground floor and an annexe building to the rear of the property.
We are advised that our clients have had two new bathrooms installed and the business is in the Lonely Planet Magazine, which is the universal travellers guide.
The business has built up an enviable reputation within the area for the high quality of the accommodation and service offered, which has resulted in a very loyal client base, with a high volume of repeat trade and word of mouth recommendations. The business has excellent reviews on the popular travel website Trip Advisor.
We feel there is scope to increase the turnover by opening all year round, including Christmas. There is also potential to renovate the annexe building which could increase the letting rooms by two, or be used as owners’ or managers accommodation.
This is an excellent opportunity for a new owner, perhaps a husband and wife team, to take this busy business to the next level; therefore early viewing must come highly recommended to avoid disappointment.
Location The Severn Arms occupies substantial three-storey, grade II listed premises, ideally located within the bustling town of Bridgnorth in Shropshire. The property is located on the busy Underhill Street within easy reach of the town centre and is surrounded by a wealth of complimentary shops and businesses. Being located on one of the main roads leading to the town centre, the business benefits from a high volume of footfall and passing trade.
Bridgnorth is situated on the Severn Valley and is split into High Town and Low Town, which are named on account of their elevations relative to the River Severn. According to the 2011 census, Bridgnorth had a residential population of 12,079. The town is home a funicular railway, which links the high and low towns, the Castle Railway, which is the steepest and only inland railway of its type in the country.
The Severn Arms is located in Low Town, within the conservation area, overlooking the River Severn and its old historic bridge. Bridgnorth boasts many amenities including the Theatre on the Steps and the Majestic, a 1930s cinema, which is still in use.
The area of the business is very well served by the public transport system, with bus stops within easy walking distance of the property and all the major bus routes running past the property. The Severn Valley railway is just under half a mile away. The area is also well served by the A-roads, with both the A442 and A458 being within easy driving distance, which links to the national A-road and motorway networks.
Premises Substantial three-storey premises, ideally located in a prime position, briefly comprising:
Lower ground floor:
Owners’ accommodation with lounge/bedroom, WC and bathroom.
Storage and boiler room.
Cold storage/cellar area.
Residents’ lounge with fully stocked bar.
Dining room with 20 covers.
Small storage area.
Large annex building directly behind main building, currently used for storage.
3 x double/twin guest rooms with en-suite.
2 x single bedrooms.
Shared bathroom for single rooms.
Double/twin guest room with en-suite.
Family room with en-suite.
The property has secondary double glazing throughout and L2 fire alarms are in place.
Tenure We are advised Freehold.
Hours The business is open all year round, except for 4 weeks holiday and 3 days at Christmas.
Staff The business is owner run and managed.
Financial Profile The business generates a turnover in the region of £72,000 per annum, with a gross profit of approximately 87%, as of 2016 accounts.