Thriving Bed & Breakfast Business in Cumbria

Whitehaven, Cumbria
REF: 03793

Asking Price:
£800,000
Annual Turnover:
£70,236
Annual Net Profit:
£41,299
REF: 03793

Overview

Tenure:
Freehold
Established:
2010
  • O.I.E.O. £895,000
  • Bed and Breakfast operation
  • Excellent online presence
  • High annual turnover
  • Well fitted/decorated premises
  • Fantastic trading location

This is a fantastic opportunity to acquire a popular and well-operated B&B which has continually catered for a wide customer base and provided exceptional accommodation and service since its inception in 2010.

Well positioned on the coast of Cumbria, it has amassed a solid reputation locally and online and has experienced consistent yearly growth.

The current owner has set firm foundations for a new buyer. It is a profitable platform which is a turnkey operation primed for further growth.

This is a well-established, traditional bed and breakfast which offers luxury accommodation to its guests as well as a variety of breakfast options, at competitive yet reasonable prices.

There is a sizeable car parking facility directly outside the premises as well as a large rear garden with small patio area.

It is important to note that this is an 11-bedroom building, of which 6 bedrooms are letting rooms. Of the remaining 5 double bedrooms (1 en-suite) and another private bathroom, 2 bedrooms are for owner accommodation and 3 are configured as a private apartment, which can be developed into further guest accommodation. Further owner accommodation includes a lounge and an office.

The premises includes a guest dining room, guest lounge, kitchen, laundry and owner bar/games room.

Trading consistently all year round, the business has grown organically through word of mouth recommendations and via its Facebook presence. With strong reviews on Booking.com and TripAdvisor, it has acquired the TripAdvisor Certificate of Excellence for the past four consecutive years.

Intelligent are excited to bring to the market this extremely popular business which offers exceptional accommodation and a welcoming customer service. Trading from a prominent tourist area, this business has gained widespread popularity and generated a stellar annual turnover in excess of £80,000, with healthy profit margins.

This is an ideal platform for any buyer looking to manage a popular business which is ready to run. It will particularly benefit an investor or existing business looking to expand into this geographical location as there exist a number of opportunities to further expand this business.

A new owner could implement more advertising and marketing campaigns to increase exposure to the business.

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  • Located in Whitehaven, Cumbria
  • Situated on the coast close to the town centre
  • On-site and street parking
  • Complimentary businesses nearby
Rent
TBC
Rates
£2,791
Lease Term
TBC
Lease Expiry
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Square Footage
TBC
Accommodation Included
1
Premises Licence
TBC
Property Value
TBC
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
XXXX

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