Buy a Freehold Guest House For Sale business for sale in Cambridge on BusinessesForSale.com

  • Advert ID: 563825
  • (Seller ref: 9041)

Freehold Guest House For Sale


Price Reduced

Location:
Category:

Listed by:

Asking price:
£509,000
Sales revenue:
£60,000
Net profit:
Available on request


Bag a Business Ltd is pleased to offer to the market this delightful guest house, which was established by our client in 1990, at which time it was used as student accommodation. Since then It has been continually updated and now has 7 spacious rooms. The business, which is run by our client, who is now wishing to relocate to France, achieves an excellent turnover which is kept just below the VAT threshold. There is no catering carried out on the premises as the rooms contain breakfast trays, which are very popular with guests. Mowbray enjoys an excellent reputation for offering good sized rooms at reasonable rates, which leads to a lot of repeat bookings and long term regular clients. We see this opportunity being an ideal base for a new owner to build upon, perhaps by offering cooked breakfasts and evening meals. We therefore highly recommend early viewing of this busy guest house. It should be noted that Bag a Business Ltd are also marketing Mowbray's sister guest house, Ashtrees, which is also in Cambridge.


Property:
Freehold
Living accommodation:
PROPERTY DETAILS Well presented, two storey premises. Briefly comprising: GROUND FLOOR Family room with en-suite bathroom Triple bedroom Kitchen with range of wall and base units Bathroom Double bedroom FIRST FLOOR Double bedroom Double bedroom Bathroom Bathroom Twin bedroom Double bedroom EXTERNAL Rear garden laid to lawn Car park
Location:
Mowbray Guest House is well situated, on a busy road, on the edge of the historic City of Cambridge. The guest house, which benefits from its own car park, is ideally situated being just off the ring road. Nearby is the world renowned Addenbrookes hospital, which is currently being extended to incorporate Papworth Heart Hospital. The city centre with its excellent shopping facilities, famous universities, theatre and museum is just a short distance away. Guests are made up of a mix of visitors to the city, as well as from people on business. Contractors working at the hospital are also a good source of revenue. Numerous companies book accommodation on a regular basis for their staff. Mowbray is close to the bus and train stations and Cambridge Airport. The M11 motorway, which leads directly to Stansted Airport, and the M25 motorway are easily accessed at junction number 12.

Trading hours:
As required

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