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Popular Bed And Breakfast On Outskirts Of Southampton For Sale

Southampton, Hampshire
Asking Price:
£615,000 Furniture / Fixtures included
Turnover:
£50K - £100K
Net Profit:
Available on request

This detached property has been completely refurbished inside and out, and provides excellent owner's accommodation on the ground floor as well as 5 well-appointed guest bedrooms - all with en-suite shower rooms. There is also off-road parking for resident guests. Well positioned with easy access to the M27, Southampton airport, Southampton and Portsmouth cruise terminals, the New Forest and Winchester, the B&B is popular with a wide variety of people who would rather not be in the centre of town. This is a genuine all-year round business.

Property information

Property:

Freehold

Living Accommodation:

The owner's accommodation on the ground floor is well maintained and unusually spacious for this business sector, comprising large and well-fitted kitchen/dining room, a good sized lounge and a very large conservatory. There is a double en-suite bedroom, utility room and downstairs WC. The garden is well maintained and includes 2 garden sheds (both with electricity connected) 2 patios, a greenhouse, a vegetable patch, flower borders and a good-sized lawn. A double garden swing has been erected.

Location:

Conveniently close to the M27 on a semi-rural main road. There are fields across the road at the front and the back of the house is not overlooked.
The location is extremely useful for business travellers, not being in the centre of the city.

Premises Details:

The B&B is an attractive detached house with character. It has Visit England 4* with silver award rating as a B&B and also the Certificate of Excellence from Trip Advisor.
The house has been refurbished inside and out including new double glazing and carpets. To the front of the house there are 5 marked parking spaces. On the ground floor is the light and airy guest breakfast room and upstairs there are 5 guest bedrooms, a family bathroom (currently used as a store room) as well as a spacious landing and airing cupboard housing the 2 large hot water tanks. The guest rooms are all tastefully decorated with en-suite shower rooms (showers are Aqualisa power showers)

Business Operation

Expansion Potential:

For the past 5 years the owners have been operating the business on a relaxed, semi-retirement basis - taking frequent evenings and weekends off as well as regular holidays. Even so, turnover has increased by 20% in that time and there is the potential for at least another 20% increase should new owners wish to operate the business full-time, and substantially more if evening meals were provided.

Competition / Market:

There are relatively few bed and breakfasts in the area and none in the immediate vicinity.
This establishment is the one nearest to, and within walking distance of, the Ageas Bowl (Hampshire cricket ground and venue for test matches),
The experience of the current owners is that demand for B&Bs in the area seems to outstrip the supply.

Reasons for selling:

Retirement

Trading hours:

24/7 operation

Employees:
1 part-time housekeeper
Years established:
15 years

Other Information

Support & training:

The current owners would be happy to provide training to the buyer.

Website:
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Home based:
This business can be run from home.

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