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Very Popular Profitable Guest House Near Motorway Junction For Sale

Moffat, Dumfries and Galloway
Asking Price:
£310,000 Furniture / Fixtures and Inventory / Stock included
Turnover:
£50K - £100K
Net Profit:
£24,191

We wish to retire so Buchan Guest House presents an opportunity for new owners to bring their own plans and dreams to life with the benefit of sustainable income from a high percentage of returning customers.

Located in conservation village Moffat just one mile from Junction 15 of the M74 which carries the bulk of traffic between England and Scotland. Moffat has a number of hotels and Guest Houses so is well known as a place to overnight or take a longer break exploring the south of Scotland. There is trade all year round for those who wish to do so though some prefer a winter break.

2015 activity was 1574 bednights from 589 bookings. We open all year except Christmas and variable dates when we take holidays.

Business is very actively trading, is in walk in condition and sale will include all furnishings, linen, crockery and white goods etc. Decor has always been maintained, with 5 en suites and 2 bedrooms updated before March 2016.

Cash flow shown below is net of expenses from which we benefit personally such as Heat and Light, Telephone,all motor expenses.

There are no business rates payable as it benefits from 100% small business rebate.

Property information

Property:

Freehold

Living Accommodation:

As we use the property: Lounge, one bedroom and bathroom separated from the guest area by a small hall. This gives us some more privacy. This owners accommodation suits us as a couple though some of the guest rooms could easily be taken over by the owners if family space were needed. We use the guest house kitchen and laundry both of which are beside our own rooms.

Location:

Three minutes walk from Main Street
Overlooking Bowling Green, Tennis Courts, Public Park and open hills
Quiet road without any yellow lines so unrestricted parking outside

Premises Details:

8 letting bedrooms over 3 floors. Guest Lounge. Breakfast Room. Kitchen and Laundry. Private Car Park and garden to the rear.
Low wall and iron railings supporting a canopy the entire front length of the house. Mentioned in original deed dated 1864. Only house in the street in this style so very distinctive and easy for customers to find.
Owners accommodation to the rear.
New gas boiler fitted since EPC.

Size in square feet:
footprint 2.3k sq ft. floors 6k
Planning Consent:

n/a

Energy Performance Rating:
G

Business Operation

Expansion Potential:

We used to seek out all the trade we could, but choose a much more relaxed pace now and rarely allow bookings for 6 or more rooms. Fresh owners could easily return this to 2200 bed nights a year or trade at whatever level they choose. Last year was 1600 bed nights for us.

Competition / Market:

Three other guest houses/B&Bs in this street.
Six hotels on the Main Street.
Moffat accommodation provision is big enough to make it an identifiable place to stay but small enough to give everyone a worthwhile share.

Reasons for selling:

Retirement. We will be moving away so will not be a future competitor.

Trading hours:

We open all year except Christmas and variable dates for our holidays.
Month by month occupancy figures available.

Employees:
2 owners plus 1 part time under 400 hours p.a.
Years established:
Approx 50 years. Current owners 15 years

Other Information

Support & training:

Happy to show people for a day or two.
Local supply contact list available.

Furniture / Fixtures value:
£25,000 - included in the asking price
Inventory / Stock value:
£500 - included in the asking price
Website:
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Home based:
This business can be run from home.

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