Summary
- Asking price:
-
£595,000
- Sales revenue:
- £40,000
- Net profit:
- < £100k
- Years established:
- 8 years
- Employees:
- Part time help in house and garden available.
Business description
Gold Award B&B with un-rivalled combination of "unique selling points" - heated indoor swimming pool (for the luxury market); three guest rooms on the ground floor with excellent disabled access (for those who statistically spend more time taking holidays and short-breaks in this country than any other group); Tourism Website of the Year (national winner 2005/6); and broadband internet station and wi-fi throughout (for business clientèle). Price has now been reduced from £650,000 to £595,000 for someone who is in a position to proceed. This is a life-style B&B offering you the chance to control how much you do, within a range of £30k to £70k turnover. Lovely secluded gardens with an amazing range of shrubs and wildlife. Ample parking. Spacious owners' accommodation. Idyllic rural location and only 10 minutes from Shrewsbury town centre. Attracts all market sectors, all year round.
Property information
- Property:
- Freehold
- Living accommodation:
- Owner's accommodation includes a spacious living room with superb panoramic views,kitchen, breakfast room, lobby, utility room, 2 offices upstairs and very spacious bedroom with en-suite bathroom with whirlpool bath, separate shower cubicle, two wash basins etc. Double garage.
- Location:
- Perfect place to live and enjoy a secluded retreat with superb facilities. Peaceful rural location in the heart of Shropshire, close to the medieval town of Shrewsbury, ideally situated for Shropshire's numerous attractions,and the Welsh border.
Other information
- Expansion potential:
- There is more demand than we currently satisfy, due to our personal circumstances. Turnover could therefore be increased considerably without the need to expand physically. In addition, evening meals and bar facilities could bring in more income for new owners. Ideal time for B&B industry, as some B&B's are closing due to more stringent Fire Safety requirements. Lyth Hill House is fully compliant (June 2008)so should benefit from increased consumer demand.
- Competition / Market:
- Good relations with competition.We are the highest grade locally and we are the only one in the whole region with indoor swimming pool and good disabled access. We are fully compliant with "new" more stringent Fire Safety regulations. (June 2008) It is generally accepted that many B&B's will cease trading when faced with this expense and upheaval.
- Support & training:
- Our "legendary" attention to detail will continue through the changeover period to ensure that new owners can be up and running just as quickly as they choose to be.
- Reasons for selling:
- We have established the business as one of the finest B&B's locally and only wish we were younger to reap the benefits now! We plan to retire locally. We may be retiring but we are keeping the business up to scratch at all times, eg Fire Regulations, wi-fi installation .
- Trading hours:
- B&B as you choose.
- Furniture / Fixtures value:
- £20,000
- Inventory / Stock value:
- £1,000
- Website:
-
www.lythhillhouse.com
- Related documents:
-