Well-Established Guesthouse in East Yorkshire

Beverley, East Yorkshire
REF: 04491

Asking Price:
£520,000
Annual Turnover:
£77,317
Annual Net Profit:
£31,698
REF: 04491

Overview

Tenure:
Freehold
Established:
2002
  • Characterful Guesthouse
  • Outstanding reviews
  • Owner operated
  • Recently refurbished
  • Excellent profitability

A superb opportunity has arisen for a new buyer to take ownership of a popular and well-operated Guesthouse.

Trading with a superb level of profitability since opening in 2002, the business has built an enviable reputation for providing high-quality accommodation and excellent customer service.

With high annual turnover and a large number of repeat customers, this is an ideal opportunity for an entrepreneur to acquire an owner-operated Guesthouse in a popular location.

The business trades as a well-established Guesthouse and is located in the historic market town in Beverley, East Yorkshire.

With a superb level of profitability since its conception in 2002, the business has developed an enviable reputation with outstanding TripAdvisor reviews and 2017 AA 4* rating approved, the business enjoys a high level of repeat custom as a reflection of the high standards maintained.

Guests are comprised of tourists, both individuals and families, visiting the local area and employees working temporarily in the town.

There is a comfortable reception area and front guest lounge at the front of the premises and a dining room which accommodates up to 20 guests to the rear, beyond this is a well-equipped kitchen and staff area. Over the first and second floors are six en-suite bedrooms which are all decorated to a high standard.

Intelligent are pleased to bring to the market a superb opportunity for a new buyer to acquire a reputable Guesthouse located in the historic market town of Beverley in East Yorkshire.

Established in 2002, the business has demonstrated consistent growth and now achieves an annual turnover of £77,317. With an excellent level of profitability and minimal overheads, this is an ideal opportunity for an entrepreneur to acquire an owner operated Guesthouse in a popular location.

A motivated new buyer may look to develop the business further by implementing a more comprehensive marketing strategy. Currently the business relies on word of mouth recommendations, reviews and repeat custom to attract new guests – yet the turnover can be significantly increased by focusing on industry-led publications and better utilisation of social media.

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  • Situated in Beverley, East Yorkshire
  • Located in the town centre
  • Busy market town
Rent
N/A
Rates
TBC
Lease Term
N/A
Lease Expiry
N/A
Square Footage
TBC
Accommodation Included
No
Premises Licence
TBC
Property Value
£450,000
Planning
TBC
EPC
E 101-125

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