Successful Seaside Guest House For Sale

Business description

A rare chance to acquire a splendid, fully equipped, successful Seaside Guest House in sunny Bognor Regis.
This Guest House has been established for many years and has been kept in a very good state of repair by the present owners who now wish to retire to spend even more time travelling than the 3 months a year that this business currently gives them.
Superbly placed for optimum business and only 75mtrs from the Seafront,this is one of the best known Guest Houses in town and has an all year round potential.
Six spacious letting rooms give accommodation for up to 18 guests, as does the Dining/Breakfast room.
The very pleasant self contained owners accommodation with en-suite bathroom and access to a walled West facing garden.

Property information

Property:

Freehold

Living accommodation:

Very pleasant self contained owner's accommodation with good sized lounge and patio doors to West facing walled garden as well as an office and double bedroom with en-suite bathroom.

Location:

Superbly placed for optimum business potential being situated on the main approach road to the sea front which is only 75 metres away and minutes from the town centre, railway station and other amenities

Other information

Expansion potential:

The present owners spend a third of the year away travelling and are not open at all over the Christmas & New Year period. There is often high demand for accommodation in the area at this time and in the main season. There is often a shortage of accommmodation with Chichester, Goodwood and Fontwell only a few miles away providing large demand during the season apart from the normal visitors to the Bognor area.
Bognor Regis is undergoing something of a renaissance at the moment with some prime apartments on the seafront and a proposed multi-million pound development just around the corner.

Competition / Market:

For a seaside town, Bognor Regis is under-served with accommodation as is the surrounding area of Chichester, Goodwwod, Arundel & the South Downs.This means that the business has a higher than average occupancy rate with many repeat clients and often has to turn people away.

Support & training:

The vendors are more than happy to assist the new owners with all necessary training and assistance during an agreed takeover period.

Reasons for selling:

Genuine retirement sale after 20 years of enjoyable, profitable business.

Trading hours:

Normal

Financing available:

Full lending facilities are available for this business, please ask for details.