Highly Successful Guest House With Fantastic Sea Castle Views For Sale

Business description

PLEASE NOTE THAT WE HAVE DECIDED TO REDUCE THE PRICE TO £439,000.

An extremely succesful and profitable lifestyle business, easily run by a couple with no staff. The business has an excellent reputation (see reviews on www.tripadviser.com) The immaculately presented six/seven roomed guest accomodation has achieved Four Stars with a Silver Award The business primarily provides traditional bed and breakfast accomodation to a very high standard in its six attractive and individually decorated guest rooms all of which boast excellent private en-suite facilities.
The building is a substantial and elegant five storey Regency Townhouse of enormous charm and character which retains many original features. It is set in its own walled garden with separate rear access. It is often described as a 'Tardis' due to its deceptive size. It is situated in a fabulous position in the sought after Old Town area of Scarborough, in the lea of Scarborough Castle and with stunning views of the castle, harbour and South Bay. Although in a quiet street we are just 3minutes from the sea front.
The property comprises of 6 individually decorated en-suite bedrooms, charming residents lounge with sea views, attractive licenced dining room and bar, washroom, colourful conservatory, large south facing walled garden. New kitchen and white goods.
Tall Storeys has earned an enviable reputation for its quality of facilities and friendly hospitality in the course of many years succesful trading. It is superbly equipped with hand made four poster or half tester beds, chandeliers, beautiful mirrors and lamps, long case clocks, lovely furniture and high quality bedding and mattresses, plus fine china. The accent in all things is quality.
At present the business operates very profitably for just 9months a year, (outside of owners holidays) but due to desirable coastal position derives an excellent income even during winter months. Tall Storeys enjoys much repeat business from its association with the Stephen Joseph Theatre (where Sir Alan Ayckbourn previews all his plays) through its invited entry in the theatre brochure.
This business offers an excellent opportunity for anyone looking for the great combination of a thriving, easily managed and superbly equipped going concern coupled with a charming home in an appealing and desirable coastal setting.
Any new owner wishing to extend the trading period and/or pursue providing evening meals, which are often requested, could considerably increase profitability.
You can find more information and additional photographs on our own website www.tallstoreyshotel.co.uk

Property information

Property:

Freehold

Living accommodation:

High standard one bedroom owners accomodation. Laundry room, large lounge, office, lovely en-suite bedroom with french window to garden. Separate back entrance.

Location:

Fantastic position in the sought after Old Town area of the thriving seaside resort of Scarborough on the beautiful North Yorkshire coast. Overlooking the South Bay there are delightful sea, harbour and castle views. Although in a quiet street only three minutes walk to beach and seafront . Four minutes walk to Scarborough castle and the beautiful St Mary's church and graveyard containing Anne Bronte's grave. Close to excellent restaurants, pubs and theatre.
Easy access to all the highly regarded tourist attractions of North Yorkshire.

Business Operation

Expansion potential:

As previously described there is excellent opportunity for continued growth by trading for extended periods including Christmas and New Year, providing evening meals and introducing non-residents licenced dining, to exploit all year local demand.
The residents lounge could also be converted to another letting bedroom as there are ample sitting areas in the bar and conservatory.
The top floor could easily be converted to a luxurious penthouse suite providing the best views in the house.

Competition / Market:

Tall Storeys is located in a residential area with no immediate competition. It provides a niche market for a small family run business providing excellent quality and personal service. Any new owner is inheriting a business which is well known as being a top quality establishment with an enviable reputation and much repeat business.

Reasons for selling:

Retirement

Trading hours:

To suit owners, at present 9months approx

Employees:

No employees

Years established:

17years

Other information

Support & training:

As desired, any support provided.

Furniture / Fixtures value:

£40,000 (included in the asking price)

Inventory / Stock value:

£2,000 (included in the asking price)

Website:

Please click here to view the link