Well Established Guest House Seaside Location No Competition For Sale - Essex, United Kingdom

Asking price: £485,000

Business description: Guest house established in 1960 in popular seaside location. Currently open all year round and benefits from high numbers of repeat bookings. The only full time Guest House operating in the town. Eight letting bedrooms, dining room/guest lounge, plus very large kitchen, study, owners lounge and conservatory, large garden with attractive pond/patio/barbecue area. Scope for increasing trade if desired by reinstating evening meals and bar - not currently in use. Convenient location, close to beach, shops and railway station. Off road parking for 4/5 cars. Situated on quiet residential street. Established website generates considerable business. 3 star rating from Visit England and AA.

Years established: 48

Employees: 0

Trading hours: 364 days per year

Home based: This business can be run from home.

Home based: This business can be run from home.

Property : Freehold

Living accomodation: Very large kitchen/diner, study, lounge, conservatory and garden, plus garage, workshop, utility room and shed. Current owners use 3 bedrooms for the family, but this could be cut down to one, or alternatively just the top floor could be designated "family use".

Location: Quiet residential side street, but close to beach, shops and station

Expansion potential: Current owners do not let all bedrooms, serve evening meals or alcoholic drinks, but trade could easily be increased by including all of above. A bar is already in situ, used by previous owners and there are few restaurants in town, so evening meals would be a welcome addition.

Competition / Market: There is only one other small bed and breakfast operating in the area, not full time and one small hotel at the other end of town. No other full time Guest House.

Support & training: Present owners are happy to offer advice and share any expertise they have gained from their ten years of trading.

Reasons for selling: Semi-retirement