Freehold Guest House In Swindon Offers Invited For Sale

Business description

Phoenix Business Agents are delighted to place onto the market this Freehold Guest House which has been established for over 23 years. Our clients have owned the business for over 8 years and now wish to sell in order to spend more time with their family.

The business provides 14 rooms which are offered as a bed and breakfast service. The charging rates vary from £35 - £40 for a single room to £55 - £60 for a twin or a double room and up to £100 for a family room.

The owners who are a husband and wife team share a majority of the operation of the business with 1 part time cleaner who is employed for 12 hours per week.

The business is well marketed, being on numerous web sites and enjoys virtually full occupancy. It is an easily run concern.

There is huge potential to increase turnover by extending the premises. There is ample opportunity to create 4 to 8 further bedrooms and therefore increase the turnover to approximately £150,000 per annum

Our clients would be available for a business familiarisation period if required.

Property information

Property:

Freehold

Living accommodation:

Property Details This detached property is offered in pristine condition and is very well presented. All rooms are en-suite and have free view cable televisions as well as hot drinks facilities. Ground Floor Bedroom One is a single en-suite. Bedroom Two is a double en-suite. There is a store cupboard under the stairs. All the electric and alarm systems are fully up to date and have recently been modernised. There is a dinning room with 13 covers and bedroom Three is a double room with a separate bathroom. To the rear are a large fully fitted kitchen and a utility room. First Floor Bedroom four is a single en-suite. Bedroom five is double en-suite. Bedroom six is a twin en-suite. Bedroom seven and eight are single en-suite rooms and bedroom nine is a twin en-suite. Second Floor There are 2 single en-suit rooms and 1 double External There are tended gardens to the front and a concrete area for parking. There is side access to the rear leading to a car park which can accommodated approximately 14 vehicles. There is CCTV and a flood lit area and a fire exit and store room to the rear. There is also an annexe which houses bedroom’s Fourteen & Fifteen which are both twin rooms and they have a shared bathroom. The premises can be extended if required and another floor can be added to the annexe.

Location:

This concern enjoys a very prominent location being on a main arterial road in Stratton St Margaret in Swindon. The road enjoys a huge traffic flow and is located in the midst of a commercially thriving area with many large businesses being sited nearby. The BMW factory lies close by as well as Motorola, and there are many industrial estates surrounding the area.

The area is well linked with the M4 motorway which is only 4 miles away as well as the M5 and the A420 into Oxford.

Swindon itself is an expanding town which is vying for city status

Other information

Competition / Market:

Financial Details At present the turnover of the business is in the region of approximately £110,000 and is projected to increase to £140,000 by 2010.