Uxbridge Grade II Freehold Guest House Price Reduced For Sale

Business description

The particular highlights of the business are:
- A Grade II Listed property with many original features including exposed beams and original fireplaces.
- A very good freehold investment.
- Turnover in excess of £26,000 with a net profit of £16,000. (See financial summary below).
- A business with great potential which has not been exploited because of the owners’ personal circumstances.
- An easily run operation.
- Good loyal well trained staff.
- A good first time buyers business and ideal purchase for a sole trader or a couple.
- Low rent and rates.
- Very low overheads.
- A niche concern with very little competition.
- Business enjoys superb local reputation.
- The concern provides a bed and breakfast service.
- Many personal expenses paid through business.

History
Agents are delighted to place onto the market this freehold guest house with period living accommodation in Uxbridge which has been established since 1980. The business has been in the hands of the current owner since 1994 and she now wishes to sell due to retirement.

Services
This very good business opportunity provides a bed and breakfast service. The present charges are £80 per room.

Staffing
The concern employs only a part time cleaner who is paid £20 per week.

Owners Role
The owner is involved in the day to day running of the business.

Marketing
No marketing or promoting of the business has recently been undertaken as the owner has only taken on familiar guests.

Competition
There are other guest houses in the area.

Market
The client base consists of regulars, tourists, business people and occasional travelers to the area.

Opportunities
The concern has huge potential. In particular the turnover and profits can be increased by:
• Increasing the marketing activity with direct mailings and local and internet advertising.
• Operate the business on a full time basis.
• Provide a bar service and dinners.
• Expand the property and make it into a small 12 room hotel.
• With the introduction of a website and e-commerce.
• The Olympics and the upcoming Gold Jubilee will bring in huge trade.
• The prices charged could easily be increased.

Training and Handover
The owner would be available for an extensive training and handover period for the benefit of the new owners if required. The Owner would also be happy for an on the job observation period to assess the business prior to offers being made.


The present annual turnover is £26,000 (this is due to the age and personal circumstances of the owner who turns away most of the potential business) with a gross profit of 95% and a net profit of £16,000 pa. The wages are £20 per week. The present value of the stock is £300.
The potential turnover of the business within the next 2 years is forecast to reach £120,000 pa given the changes that are required to be made to the business. Full financial disclosure is available on request after viewings and the signing of a confidentiality agreement.
Please note Phoenix do not guarantee the accuracy of these figures which are in many cases estimated and are not verified. Please do not rely on the accuracy of these figures and seek professional help before making any offers. We will not be held liable for any inaccuracies in these figures or any other statements contained in relation to this business.


Disclaimer
These details do not constitute part of an offer or contract.
The statements and descriptions given are made without warranties by us who it should be noted have NOT verified the information provided.
Purchasers should in all cases undertake financial due diligence using their own professional advisors before committing themselves in contract rather than relying on illustrations ,figures and information given on behalf of the seller.

Property information

Property:

Freehold

Living accommodation:

On the first floor there are in total 5 bed rooms all of which are en suite.

Location:

- Situated in Cowley area of Uxbridge on the outskirts of London.
- Prominent location on main arterial road
- Very close by local amenities
- Excellent off road parking facilities.
- Industrial estates nearby.
- Surrounded by densely populated residential area with schools and other local amenities.
- Good volumes of traffic and pedestrian flow.
- Commercially thriving area including Stockley Park.
- Well linked with the M25, M3 and A40.
- Hillingdon hospital and Brunel University all lie close by as well as Heathrow, and the Metropolitan and Piccadilly lines available into London.
- Area enjoying much growth and re generation.
- A lifestyle area
- Excellent local demographics for this type of area.

Premises details:

This impressive property is detached and has in total 6 bedrooms (all en-suite) with an annex which could make up 2 more bedrooms. The annex contains a separate kitchen. On the ground floor there is a separate en-suite bed room, a dining area for up to 8, owner’s en suite bedroom, a lounge and kitchen.

The property has many original features including fireplaces and exposed beams. The property is approximately 400 years old and was part of a diary farm. A viewing is highly recommended.

First Floor
On the first floor there are in total 5 bed rooms all of which are en suite.

External
To the front there is a large front garden with off road parking spaces to the front and side.
To the rear there is a very large and well tended garden with a laid lawn and a summer house and a green house. There is also a separate annex with a bed room, kitchen, bath room and lounge.

Business Operation

Expansion potential:

The concern has huge potential. In particular the turnover and profits can be increased by:
• Increasing the marketing activity with direct mailings and local and internet advertising.
• Operate the business on a full time basis.
• Provide a bar service and dinners.
• Expand the property and make it into a small 12 room hotel.
• With the introduction of a website and e-commerce.
• The Olympics and the upcoming Gold Jubilee will bring in huge trade.
• The prices charged could easily be increased.

Competition / Market:

There are other guest houses in the area.

Reasons for selling:

she now wishes to sell due to family bereavement which forces her retirement

Trading hours:

Monday to Sunday: 24 Hours

Employees:

The concern employs only a part time cleaner who is paid £20 per day.

Years established:

31 years

Other information

Support & training:

The owner would be available for an extensive training and handover period for the benefit of the new owners if required. The Owner would also be happy for an on the job observation period to assess the business prior to offers being made.

Furniture / Fixtures value:

£25,000 (included in the asking price)

Inventory / Stock value:

£300