Exceptional Freehold Guest House In Hereford For Sale - Hereford, Herefordshire, United Kingdom

Asking price: £1,700,000

Sales revenue: £166,924

Business description: Phoenix Business Transfer Agents are delighted to place onto the market this high quality 4 Star Guest House which has been established for over 20 years. Our clients who are husband and wife team have owned the business for the last 3 years and now wish to re-locate. Since they have taken over the business they have made changes which have left the property beyond recognition. It has risen from a 2 Star to a 4 Star premises and they offer a Bed & Breakfast experience. The business is very well known and has been marketed on various prestigious web sites including Visit Britain and Visit Herefordshire. The price for a single room is £45.00 and a standard double is £65.00 and family rooms are offered at £20.00 per bed. The business employs 2 part time members of staff, one being a chamber maid the other a cleaner. They are paid £6.00 per hour and there is also a gardener. In addition to this there is a full time chamber maid. The owners who are a husband and wife team both operate the business on a full time basis. The particular highlights of the business are - The building itself oozes charm being over 130 years old and having many original features. - There are 14 letting rooms - Easily run concern - Will enjoy natural growth The business has huge potential. In particular the following changes will produce more profits and a better business:- - To promote more weddings, conferences, and funerals - The property is ripe for further development. At least four more rooms and a flat could be added. - Dinners could also be offered. The owner would be available for a business familiarisation period if required

Years established: 20 years

Property : Freehold

Location: This superb business opportunity has a fantastic location. It is situated within the heart of Hereford within a very prestigious area which has other guest houses and hotels. Both the train and bus stations are located very close by with good links to the rest of the country. The town centre is within walking distance and the premises itself is situated on a main arterial road. The area is surrounded by a technical college and also the Hereford hospitals. Hereford itself is a very popular lifestyle location and has good road links to the rest of the country.

Reasons for selling: Re-Location