Asking price: £350,000

Sales revenue: Undisclosed

Net profit: Undisclosed

Fixtures value: Undisclosed

Stock value: Undisclosed

Business description
Cornmill Lodge is a five bedroomed Edwardian terraced house at present used as the only vegetarian/ vegan/ organic guest house in York. The property is close to shops, including a bank, launderette and post-office. There are schools and restaurants nearby.
It really is deceptively spacious, according to guests as well as estate agents, with a floor area of over 2000 square feet.
The property is well decorated and maintained to a high standard.

Years established: 30 years

Employees: 0

Home based: This business can be run from home.

Property: Freehold

Living accomodation
Owners accommodation includes a large lounge with double glazing, a fire-place and gas fire, an office, bathroom, separate toilet and bedroom.

Location
The guest house is situated only fifteen minutes walk from York Minster. It is on a main bus route, with buses every ten minutes to York Station. It has its own off-street parking for up to four cars, a very valuable asset in York.

Expansion potential
We have been trading using three letting rooms, with a maximum of six guests. There is obviously room to expand by using the twin room as a family room and utilising the single room for guests. Also, there is the opportunity to take more non-vegetarians if the buyers provide a full English breakfast.

Competition / Market
There are a few other guest houses on Haxby Road, which means that there is opportunity for passing trade. However, we have been trading as a vegetarian guest house for 8 years, the only one in York.

Reasons for selling
Retirement

Related website: www.cornmillyork.co.uk

Related documents

		Sales details

		Floor plans