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Highly Profitable 23 Bed Towncentre Guesthouse In Stoke For Sale

Hanley, Staffordshire, UK
Asking Price:
£675,000 Furniture / Fixtures included
Sales Revenue:
£224,749
Cash Flow:
£136,153

OVERVIEW
• A total of 23 letting rooms over two adjacent properties on same site (0.15 acres (621m2)):
• No. 44 Main guesthouse. 16 bedrooms max. 38 guests
• No. 42 (Next door/overspill to main guesthouse). 7 rooms max. 12 guests

SALE PRICE: £880,000 reduced to £675,000 including all contents

TURNOVER
No. 44 ONLY Turnover for Period Ending March 21 (17 months) = £224,749 (89% occupancy rate). Net Profit £136,153.
No. 42 has been under renovation and is almost complete. The 7 rooms will earn an additional £90,000 per year (@80% occupancy)
In addition, and once works have been completed on the property, there is potential for a further £90,000 per year (@80% occupancy) from No. 42

TRADE
The guesthouse has been trading successfully as a B&B for over 40 years to the tourist industry. Over the past 18 months, trade has been exclusively for highly profitable Government/Charity/Council tenants. Rooms are let at between £44 to £58 per night, per person. Massive Government funding, grants and other initiatives have made this a very much in-demand, highly profitable and thriving business. It is only due to age (82), ill health and retirement that this business is for sale.

PROPERTY DESCRIPTION (No. 44)
A large, period Victorian villa with 16 spacious rooms (and large shared kitchen) with high ceilings - retaining many of the original features. As an alternative to a B&B, the layout lends itself to conversion to a hostel or similar-type accommodation.
The site and location are valuable as a prime town centre. Hanley town centre is the main town of the five towns of the Potteries. The Council have plans to develop the East West Precinct in Hanley of which this site will be located some 50 feet away. There are also plans to build a 3,500-seat arena next to the site. There is full recording CCTV covering every angle of the hotel (No. 44), parking for 12 cars and a newly constructed, fenced off smoking area outside.
There are also proposed architects plans for 15 apartments across the site - 0.15 acres (621m2)

Room No. Type
1. Double/Family Room on the ground floor.
2. Double/Family Room en suite on the ground floor.
3. Double/Family Room on the ground floor.
4. Double/Family room en suite on the ground floor
4A. Twin Room 4A has an interconnecting door with Room 4 and can be let as a family suite (max 5 persons) or separately on its own.
5. Double/Family Room en suite on the ground floor.
5A. Single Room on ground floor (currently used as management accommodation)
6. Double Room on the ground floor. Shared bathroom.
6A. Separate ground floor private apartment at rear. Double/Family room en suite with a bed settee
7. Double Room on the ground floor. Shared bathroom.
8. Double Room on the first floor. Shared bathroom.
9. Twin Room on the first floor. Shared bathroom.
10. Triple Room on the first floor. Shared bathroom.
11. Single Room on the first floor. Shared bathroom.
12. Double/Family Room en suite on the first floor
13. Twin or double Room on the first floor. Shared bathroom.

PROPERTY DESCRIPTION (No. 42, next door)
No. 42 is a large seven bedroomed property which is currently unoccupied but has been converted to be able to offer en suite rooms. The major constructive works have been completed but there are still some superficial works required to bring the building into a lettable state.
Recent building works have included an electrical rewire, replastering, installation of a new boiler and central heating system, fire and smoke alarms, partial new windows, en suite bathrooms partitioned, and en suite plumbing installed throughout – in readiness for the installation of five en suite bathrooms.

Room No. Type
A. Double/Family Room en suite on the ground floor
B. Double/Family Room en suite on the ground floor
C. Double/Family Room en suite on the ground floor
D. Double/Family room en suite on the first floor
E. Double/Family room en suite on the first floor
F. Single room (standard)
G. Single room (standard)

For more information, please contact us by using the form below.

Property Information

Property:

Freehold

Location:

Prime town centre location

Premises Details:

Two ideally located properties with airy, spacious rooms and high ceilings. Some of the Victorian features have been retained in No. 44.

Business Operation

Reasons for selling:

Age, ill health and retirement

Trading hours:

24/7

Employees:
Three
Years established:
40 Years

Contact Seller

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