Norfolk Licensed Guest House With Nine Letting Rooms For Sale

Business description

HISTORY

• Originally built as Victorian family home
• Converted to bed and breakfast accommodation 75 years ago
• Purchased by vendors in 2006
• On going investment programme with redecoration of all rooms
• Reliable repeat customer base established
• Well known for excellent service
• 3 star “Visit Britain” rating achieved
• 4 star Health and Hygiene award
REASON FOR SALE

• Family commitments

SERVICES

• Bed and breakfast accommodation with 9 en–suite letting rooms
• TV and beverage facilities in each room
• WiFi throughout the guesthouse
• Room rates vary from £20 per room per night bed and breakfast

CUSTOMERS

• Regular repeat visits from contractors and workers from the offshore gas industry
• Traditional tourist trade
• Wide age spread from young families through to over 80s
• High repeat rate with many booking on recommendation
• Designated smoking guest house

SUPPLIERS

• Small requirement for consumables purchased locally

STRENGTHS

• Superbly positioned and within a minutes’ walk of the seafront tourist attractions
• Recently refurbished to a high standard
• Delightful English breakfast room
• Spacious owners’ accommodation
• Loyal customer base
• High occupancy rates
• Excellent financial performance with low overheads
• Visit Britain 3 star rating
• Manageable for a couple or single person with assistance.
• Website







DISCLAIMER: Viewing is essential to fully appreciate this business and strictly by appointment only through the agents. N/B: All Negotiations must be conducted through Advent Business Sales. These details do not constitute part of an offer or contract and properties are offered subject to being sold, let or withdrawn without notice at any time and without liability for any expenses incurred by applicants. All statements and descriptions are made without responsibility or warranty by us, vendors or lessors. Intending purchasers must check for themselves (Misrepresentation Act 1967).

An Energy Performance Certificate will be made available upon request of further details where one is required for the business premises

Property information

Property:

Freehold

Location:

• End terrace position in a residential area only a short walk away from the seafront
• Unrestricted street parking with off street owners’ parking
• Within easy reach of the town centre
• Excellent quality of life on the Norfolk coast

Premises details:

• A substantial end terraced property on 3 floors, plus a basement, 9 en-suite guest rooms, breakfast room, and owners’ accommodation with private facilities comprising briefly:
• 4 en-suite double rooms
• 1 en-suite single room
• 3 en-suite family rooms (one with delightful sea view)
• 1 en-suite twin room/superking
• Entrance lobby with reception counter and seating area

• Very impressive basement breakfast room with 24 comfortable covers
• Fully equipped commercial kitchen

• Owners’ living accommodation comprising
o Lounge
o 2 en-suite bedrooms
o Utility room
• Patio garden
• Parking space

Business Operation

Expansion potential:

• Business development activity limited at present
• Opportunity to increase occupancy rates especially during the winter
• Reintroduction of bar facility or mini bars (License held)
• Price point currently very competitive with potential to increase

Trading hours:

• Open to paying guests throughout the year
• Owing to family commitments the business was closed for 4 months over the winter last year

Employees:

• Run by vendors (husband and wife) with one working full time and one part time in the business