Sea-Front Guesthouse set in Somerset

Burnham-on-Sea, Somerset
REF: S07069

Asking Price:
£695,000
Annual Turnover:
£53,231
Annual Net Profit:
£7,913
REF: S07069

Overview

Tenure:
Freehold
Established:
2011
  • Beautiful Location
  • Large Premises with Ample Accommodation
  • Historical Background which Attracts Clients
  • Fantastic Reputation
  • 5-Star Food Hygiene Rating

The business for sale resides in a beautiful location overlooking the South West shores. Ideal for a prospective property buyer with scope to run a successful premises. The guesthouse has level access, and all guest bedrooms have television, hospitality trays and toiletries.

Established in 2011, the current owners regret to sell the guesthouse, but due to their imminent retirement have decided to hand over the opportunity to a suitable buyer who will continue the growth for longer. The business obtains a plethora of repeat bookings from satisfied customers. They rate highly on TripAdvisor and only advertise through word of mouth, leaving the new owner with vast scope for further growth.

The business for sale is on freehold tenure.

The guesthouse occupies a semi-detached premises with parking for 6 cars at the front. As guests enter into the lobby, they face a main internal corridor with rooms branching off. There is a guest lounge with TV, a large dining room with 42 covers which is also suitable as a tea room/café for non-residents. A further area can be used as a kiosk/shop as and when required. There is also a freezer room, larder, functional sized kitchen, toilet, office, 2 further toilets and an additional office.

Alongside a fantastic location, the business profits from comfortable rooms and helpful service. The vendors do not use booking platforms, so there is significant scope to increase trade via these platforms.

All equipment included in the sale.

Intelligent are excited to bring this lucrative guesthouse to the market. Set in a prime location, guests are exposed to stunning sea views and excellent service. While there is still some minor renovation required for the heritage building, this opportunity would suit someone interested in the history of the premises and willing to invest their time in reaching a higher turnover.

For further growth, the new owner would profit from prioritising the renovation to attract more business and increase profits. The guesthouse could also benefit from advertising with booking sites, renovating the current website and drive traffic through from social platforms such as Facebook and Instagram.

The ideal buyer would be someone with an interest in historical properties, set with a plan to complete renovations and successfully run the business as both a guesthouse and café/shop.

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  • Situated on the coastline of Burnham-on-Sea, Somerset
Rent
N/A
Rates
£0
Lease Term
N/A
Lease Expiry
N/A
Square Footage
TBC
Accommodation Included
No
Premises Licence
TBC
Property Value
£600,000
Planning
TBC
EPC
C 51-75

Annual Turnover
XXXX
Annual Net Profit
XXXX
Stock at Valuation
XXXX
Accounts
XXXX
Trading Entity
XXXX
Current Ownership
XXXX
Management Structure
XXXX
Number of Employees
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