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

  • Advert ID: 627032
  • (Seller ref: 10257)

Freehold Guest House For Sale


Location:
Category:

Listed by:

Asking price:
£899,950
Sales revenue:
£72,000
Net profit:
Available on request


Bag a Business is delighted to offer for sale this excellent guest house in Spalding, Lincolnshire. Mear Lodge was purpose built and opened by our client in May 2006, being furbished to produce a high quality guest house. It is only now being offered to the market due to his strong wish to retire. The property is split into two parts, one being the farmhouse, which is currently used as the owner’s private accommodation. This has belonged to our client since January 1997 and has undergone extensive refurbishment to a high standard. The second part is a newly built courtyard block containing letting rooms. There is also a fully fitted catering kitchen, guests’ breakfast/dining room and guests’ lounge and bar. The property has a large double garage that could also be converted into letting rooms, which would further enhance the already impressive turnover of £72,000 per annum. The guest house is currently being run at a pace to suit our client, trading Monday to Friday only, offering the new owner further scope to expand the business, perhaps by converting the garage and opening for weekend trade, for which we believe there is great demand. Bag a Business strongly recommend early viewing to appreciate the quality of this business.


Property:
Freehold
Living accommodation:
PROPERTY DETAILS Large, 2 storey traditional farmhouse with separate purpose built letting rooms and extensive parking GROUND FLOOR MAIN HOUSE Main entrance leading to- Inner hall Large lounge with picture window to the garden Dining room with picture window to the garden Fully fitted kitchen/diner Utility room W/C Boiler room From the rear yard a door accesses a corridor leading to guest house accommodation comprising: Fully equipped catering kitchen Breakfast and dining room with wooden floor and quality furniture Guests' lounge and bar area with fully equipped bar, quality furniture, gents' W/C and ladies'/disabled W/C Path to letting rooms Courtyard with brick built smoking area leading to: 7 en-suite letting rooms, fully tiled with power showers All letting rooms are of large proportion and can be used for double, twin or family rooms Store/utility room housing boiler for accommodation block FIRST FLOOR MAIN HOUSE Staircase leading to: 3 double bedrooms Box room/office Fully fitted modern bathroom Master bedroom has large separate room that could be used for en-suite or a nursery EXTERNAL 1 acre plot Double garage suitable for conversion Private gardens to front and rear of the property Patio Parking for 20 cars
Location:
Mear Lodge Guest House is ideally located, in a prime trading position, on the outskirts of the popular and thriving town of Spalding in Lincolnshire. The guest house is situated on a large corner plot close to the A16 trunk road, from which it is highly visible to passing traffic. The A16 is the main road linking the towns of Spalding, Peterborough, Stamford and Boston. The guest house is also within easy travelling distance of the City of Lincoln and the popular market town of Kings Lynn.

Trading hours:
To suit

For more information about this business for sale, click the Contact Seller button.

Please only contact this seller if you have a GENUINE interest in buying this business. DO NOT MAKE CONTACT if you wish to sell your third party goods or services as you will be blocked from this site.

selling your business?

If you own a business and are considering selling, visit our Sell Your Business section.


BusinessesForSale.com recommends
  • GET A DETAILED ANALYSIS OF THIS BUSINESS
  • Compare price and profitablility to similar businesses
  • Accurately value this business
  • Due dilligence checklist
  • View selling price of similar sold businesses
  • Business Buyer Toolbox
  • Click here to view demo
  • BUSINESS WANTED
  • Reach sellers looking for a business buyer by placing a Business Wanted advert.
  • Business Wanted
  • Business Wanted
  • FINANCE CONSULTATION
  • Whether your Objective is Investment, Purchase, Refinance or to Raise Capital the team at Verizon are dedicated to securing the finance to meet your unique requirements.
  • Verizon Capital - Leaders in Structured finance
  • Click here for more

Change country Close

If you haven't been brought to the right country version of our site please select the correct one below: