Asking price: £115,000

Sales revenue: £33,000

Net profit: £25,000

Fixtures value: Undisclosed

Stock value: Undisclosed

Business description
We started the business 18 months ago from scratch and have just grown and grown. Completely refurbished when we bought the hotel, we currently only use 5 of the 8 bedrooms for letting purposes as we use the other 3 for family use. It is currently run by the owner with her husband helping out at breakfast, so no real staff required. The 8 rooms are made up of 1 quad, 2 singles, 2 doubles, 2 trebles and a large attic room. All rooms are en-suite except for the 2 single rooms which have sole use of their own seperate bathroom.

Years established: 2

Employees: 1 OR 2

Property: Leasehold

Living accomodation
We currently use the large attic room and one double for accomodation. (We are a family of 5).

Location
Situated in the idyllic and picturesque resort of Torbay, less than 10 minutes level walk to Paignton Sands and 5 minutes to Goodrington Sands, Quay West water park and Torbay Leisure Centre with its indoor pool.

The Paignton & Dartmouth Steam Railway is also just a short walk away. We are also ideally situated for Paignton Railway and Bus Stations.

Expansion potential
We are affiliated to Bookings.com, Expedia, Hotels.com, Lastminute.com and several other hotel booking agencies and bookings from these are regular. Bookings can also be made directly through our website on line. We also have advanced bookings for the rest of this year. The business is continually growing.

Competition / Market
Although there are several B&B's in Paignton, we are approximately 6/7 mins away from the hustle and bustle, but just 5 mins walk to the beach, bus station and train station. We are also newly refurbished and a lot nicer than most peoples idea of a B&B!

Support & training
WE WILL GIVE AS MUCH SUPPORT AS REQUIRED

Reasons for selling
MOVING ABROAD

Related website: www.stmargueritehotel.co.uk