Charming Guest House In Kent For Sale

Business description

The particular highlights of the business are:
- The owner may be prepared to accept staggered payments for the business, enabling the buyer to pay from profits although a lump sum sale would be more favorably considered.
- Ideally located concern offering excellent lifestyle.
- A well established business.
- Good loyal clientele.
- Fully equipped business with favorable lease terms (see below).
- Turnover in excess of £46,000 pa with a net profit of £20.700. (See financial summary below).
- A business with great potential which has not been exploited
- An easily run operation.
- A good first time buyers business.

History
Phoenix Business Transfer Agents are delighted to place onto the market charming guest house which has been established since 1943. The business has been in the hands of the current owner since 1980 and she now wishes to sell due to retirement.

Services
This very good business opportunity provides 7 rooms and 2 loft rooms for letting, breakfast and dinner is provided. The rear gardens are set in approximately 1/3rd of an acre with trees and shrubs with a view of the river Thames

Staffing
The concern employs no staff and is family run.

Owners Role
The owners’ role is to manage and oversee the concern and works as and when required.

Marketing
The owner does not market the business however there is a website.

Competition
As far as competition is concerned there is little in the vicinity to affect this business.

Market
The client base consists of tourists, businessmen and local community.

Opportunities
The concern has huge potential. In particular the turnover and profits can be increased by:
• Increasing the marketing activity with direct mailings and local and internet advertising.
• Working more hands on hours and saving on wages.
• With an enhanced website.

Training and Handover
The owner would be available for an extensive training and handover period for the benefit of the new owners if required. The Owner would also be happy for an on the job observation period to assess the business prior to offers being made.


The present turnover is £46,000 per annum with a gross profit of £32,200 and a net profit of £20,700.
The potential turnover of the business within the next 2 years is forecast to reach £150,000 given the changes that are required to be made to the business. Full financial disclosure is available on request after viewings and the signing of a confidentiality agreement.
Please note Phoenix do not guarantee the accuracy of these figures which are in many cases estimated and are not verified. Please do not rely on the accuracy of these figures and seek professional help before making any offers. Phoenix will not be held liable for any inaccuracies in these figures or any other statements contained in relation to this business.


Disclaimer
These details do not constitute part of an offer or contract.
The statements and descriptions given are made without warranties by Phoenix Business Agents Limited who it should be noted have NOT verified the information provided.
Purchasers should in all cases undertake financial due diligence using their own professional advisors before committing themselves in contract rather than relying on illustrations ,figures and information given on behalf of the seller.

Property information

Property:

Freehold

Living accommodation:

First Floor On the first floor there are 4 guest rooms. Second Floor On the second floor there are 5 guest rooms.

Location:

- Situated in Gravesend area of Kent
- Prominent location on main arterial road.
- Excellent parking facilities nearby.
- Area earmarked for regeneration.
- Surrounded by well populated residential area with schools and other local amenities.
- Area offers exceptional lifestyle.
- Very good tourist trade.
- High levels of passing trade.
- Good volumes of traffic and pedestrian flow.
- Commercially thriving area.
- Well linked with A2260, A2 and M2 and good railway links.

Premises details:

The property is detached with gardens to the front and rear and has distinct features reminiscent of the 1930’s. The front is branded with an attractive glass front. There is a CCTV and alarm system. The main customer service area is carpeted with shelving and racking to the walls. It is very well presented and is very conveniently laid out. However could do with some modernising to enhance the original features which are present.

There are a toilet and staff facilities and a fully equipped kitchen.

Business Operation

Expansion potential:

The concern has huge potential. In particular the turnover and profits can be increased by:
• Increasing the marketing activity with direct mailings and local and internet advertising.
• Working more hands on hours and saving on wages.
• With an enhanced website.

Competition / Market:

As far as competition is concerned there is little in the vicinity to affect this business.

Reasons for selling:

now wishes to sell due to retirement.

Trading hours:

24/7

Employees:

The concern employs no staff and is family run.

Years established:

68 years

Other information

Support & training:

The owner would be available for an extensive training and handover period for the benefit of the new owners if required. The Owner would also be happy for an on the job observation period to assess the business prior to offers being made.

Furniture / Fixtures value:

£60,000 (included in the asking price)