Purpose Built Sixteen Room B&B For Sale

Business description

Bag a Business Ltd are delighted to offer for sale this excellent B & B/Guest house that was purpose built 20 years ago. It has been in the hands of the present owners for 5 years & has only come on the market due to other business interests.

The property has 16 bedrooms (can accommodate up to 26 persons) all with their own television, hot drinks making facility & wash basin.

Standards are kept at a high level to ensure that all the guests have a pleasant & comfortable stay.

All bookings are appointment based & are usually through local companies such as: Arena Structure, Glass Wall,, Nova Soft & BT but to name a few.

It has earned an excellent reputation over the years with all the guests who stay there. Business is derived from word of mouth rather than advertising.

During the week, the B & B boasts 80 – 90% occupancy with 30 – 40% at weekends. During the high summer season, this can rise to 100% on some weekends.

The building strictly adheres to all the fire regulations with fire doors, fire extinguishers, smoke alarms & fire points. Bedroom windows are all designed to be emergency exits. Security is monitored by Pickford Security & the fire alarm is connected directly to the local fire station.

The turnover for 2002 was £62,483 while in 2003 it was £40,406. The reason being that the present owner was not operating at weekends due to other business interests. This can easily be regained & improved upon with very little trouble. Advertising the business would certainly attract more & more people who visit the area.

Property information

Property:

Freehold

Living accommodation:

The property stands alone on the inner corner of a bend & has a front garden to the roadway. Ground floor - Entrance hall - Office / reception to the right hand side - 5 bedrooms (all with T.V, wash basin & drinks making facility) - boiler room & store room - well equipped breakfast kitchen - breakfast room - gents toilet - unisex w/c - rear door to main car park - stairs leading to:First floor - 11 bedrooms (all with T.V, wash basin & drinks making facility) - laundry room - 3 bathrooms - ladies toilet - hot water tank room

Location:

This large purpose built B & B is situated in a historic village in the Milton Keynes connovation.

Milton Keynes is best known for being a new town that was specifically developed in 1967, to house the increasing population. With more & more people moving out of London, this agricultural area made up a string of small villages. Over the years the population of Milton Keynes has increased, providing excellent accommodation & transport along with plenty of jobs & facilities that continue to attract people to the area.

Milton Keynes is located on the M1, the A5, the London to Glasgow railway line & the Grand Union canal. It is about an hour’s drive from London, Cambridge & Oxford & one hour & fifteen minutes from Birmingham. Heathrow & Luton Airports are close by.

Other information

Trading hours:

24 hours a day, 7 days a week

Contact the seller