Superb Bed & Breakfast Guest House In Cumbria For Sale

Business description

Superb Bed & Breakfast Guest House – Cumbria
Excellent turnover £59,561 GP 79% with huge potential
Superb trading position, minutes from town centre
High levels of repeat & regular custom
Genuine reason for sale - retirement
Early viewing highly recommended
Beautifully presented throughout
Busy all year round
FREEHOLD


Business History
Meridian Business Sales are delighted to bring to the market this superbly appointed & beautifully presented eleven bedroom bed & breakfast guest house which is situated in an excellent trading location just minutes from the town centre of Barrow in Furness. This magnificent Victorian building has its own private gardens and is set back from the main road offering an ideal haven for its guests whether they be busy contract workers working in the area, or tourists making the hotel their base whilst visiting the magnificent Lake District National Park, with all of its beautiful breathtaking scenery and numerous world famous attractions. The Business which has been established as a bed & breakfast guest house since 1982 and has been under the careful ownership of our clients for the previous six years is in fact now only being brought to the market due to their well deserved retirement and wish to take things a little easier. They will leave the property in very good order and in a ready to walk into state both from a business and structural point of view. Business wise, trade for the period April to August is up 50% and turnover for last year was at a very respectable level of £59,561 with gross profits of 79%. As far as the property is concerned it was re-roofed in 2001, central heating boilers were replaced in 2003, most rooms have undergone a complete makeover with new en-suite shower rooms having been added giving a total of 4 rooms with en-suite facilities. All rooms now have Freeview digital TV and wireless internet facilities and the whole of the building including the private living accommodation is beautifully presented throughout. All in all, this truly is a fantastic opportunity to take over a highly successful business which is ideally situated to take advantage of the increased business trade in the area and which offers a complete lifestyle change opportunity for new owners to take the business to the next level. Early viewing is therefore highly recommended, as the business is extremely competitively priced in order to facilitate a quick sale, we anticipate that demand will be high.

Property information

Property:

Freehold

Living accommodation:

Superbly appointed & beautifully presented semi-detached Victorian bed & breakfast guest house briefly comprising of:- GROUND FLOOR Main entrance hall leading to :- Private lounge, private double bedroom, private bathroom, superb guest dining room with original fire & fireplace with bread oven, tables & chairs, modern fully fitted kitchen, large stock room beyond Access to lower ground floor with:- Residents lounge Superb staircase leading to: FIRST FLOOR Room 2 – Family room with double & 2 single beds en-suite private bathroom with over head shower Room 3 – Single with en-suite shower Room 4 – Single standard Room 5 – Twin with en-suite shower Room 6 – Twin standard Bathroom - with bath & over head shower SECOND FLOOR Room 7 – Single standard Room 8 – Twin standard Room 9 – Double standard Room 10 – Single standard Room 11 – Twin en-suite shower Room 12 – Twin standard Bathroom - with shower Shower room EXTERNAL Private mature gardens to front & side, green house & tool shed

Location:

Situated in a hugely popular area, which is literally only minutes from the town centre, the business enjoys a superb trading location for all of its visitors whether they are tourists, business travellers, or contract workers, all of whom enjoy the superb hospitality and excellent facilities offered by the hotel. Barrow in Furness is flourishing and has enjoyed a good level of growth in recent years and is currently going through a superb re-development programme with high levels of investment and is one of the only places in the United Kingdom where house prices are in fact rising. This can be reflected by the resurgence in the town of the shipbuilding industry, with Barrow having tendered and won part of the contract for a £4 Billion aircraft carrier which guarantees continued work in the area for the many contract workers who visit and work for companies such as BAE and Centrica. Work has now started on a £200 million water front and marina development. Barrow is home to the global defence giant BAE systems, who currently employ around 5000 people in Barrow and are expanding. The company has generated a ‘cluster” around it, and this in turn has increased the demand for hotel accommodation. BAE has actually stated that most new jobs will be for out of town contract workers and should last for up to ten years with some forecasters predicting further guaranteed employment for up to twenty five years. All of this is good news for the hotel, not forgetting the good levels of regular trade from tourists visiting the area. Barrow in Furness is situated on the edge of The Lake District National Park. It straddles town and country – being home to some of the regions most stunning and scientifically important coastal habitats, historic sites and tourist attractions as well as major industrial and manufacturing sites. Barrow in Furness can be reached by taking junction 36 North and South bound on the M6 motorway, then follow signs for Barrow in Furness. If travelling from the West Coast follow the A 595 toward Askam in Furness and signs for Barrow thereafter.