Well Established Derby 5 Bedroom Guest House For Sale

Business description

WELL ESTABLISHED 5 BEDROOM GUEST HOUSE - DERBYSHIRE
Quality location in the affluent town of Castle Donington
Well maintained and refurbished 5 bedroom property
Early viewing highly recommended
Trading at a pace to suit our clients
High levels of repeat business
Scope to expand (STPP)
Huge growth potential
FREEHOLD


Business History

Meridian Business Sales are delighted to offer to the market this well established guest house which has been in the careful hands of our clients since 1991. Our clients only now wish to offer the business to the market due to their desire to take well earned retirement. Since our clients took over the business they have embarked on a full modernisation and refurbishment programme culminating in a true walk-in and trade business opportunity. Our clients have advertised and promoted the business to a point where repeat bookings are responsible for a large percentage of the current turnover. Our clients inform us that the current turnover is £15,000 pa at a gross margin of 85%. This is derived from offering a warm and friendly service in very pleasant surroundings. In recent years the business has been run at a pace to suit our clients but they inform us that demand is high and a new hands on owner could quickly increase the turnover and profits and achieve a very good standard of living. There is also an opportunity to extend the property (STPP) to increase the rooms in the main house plus turn the garages into owners accommodation thus increasing the lettable rooms further. Therefore Meridian Business Sales recommends early viewing to fully appreciate the quality and scope for growth of this business.

Property information

Property:

Freehold

Living accommodation:

Well presented and maintained detached brick and rendered guest house over two floors with mature grounds, briefly comprising: GROUND FLOOR Main entrance leading to a large hall with staircase to the first floor. Large dining/kitchen fully fitted with a range of quality base and wall units leading to separate utility room. Large lounge with double aspect windows plus archway to the guest dining room. Large second dining room currently for owners use fitted with a range of quality furniture but could become 1 x double bedroom en-suite (owners). Large garage that could be converted (STPP) into living quarters for the owners, therefore freeing a further bedroom for bed and breakfast purposes. Ground floor toilet with hand wash basin. Staircase leading to first floor. FIRST FLOOR Large landing with quality carpet and decoration, 1 x family bathroom with four piece suite, 1 x double bedroom with en-suite, TV plus tea and coffee facilities, 2 x single rooms each with wash basin, TV plus tea and coffee facilities, 1 x family room with en-suite, TV plus tea and coffee facilities. 1 x shower room. SECOND FLOOR Attic space EXTERNAL Large mature front garden with off road parking and access to the large double garage. Large rear garden and patio with mature trees and shrubs.

Location:

This superb guest house is located on the main through road of the busy and affluent town of Castle Donington. The guest house is idealy placed on the edge of the town centre making this an ideal choice for both holiday makers, day trippers and traveling business people alike. Castle Donington is a busy residential and industrial town in the county of Derbyshire and is soon to be the home of the British Grand Prix, it is approximately 10 miles from the city of Derby, which has recently seen heavy investment in a new shopping centre. The area has strong road links with the M1 motorway and A50 trunk road plus mainline trains in nearby Derby and Nottingham.