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Well Established Guest House Business In Newark For Sale

Newark-On-Trent, Nottinghamshire
Asking Price:
£299,500
Turnover:
£30,000
Net Profit:
Available on request

Hilton Smythe is delighted to welcome to the market this guest house business in Newark-on-Trent, Nottinghamshire. The business was established in the 1980`s and has been in our clients` careful ownership since 2005. Only now is the business being offered to the market due to our clients` wish to move abroad. The business is open all year round and generates a turnover in the region of £30,000 with a gross profit of approximately 85%. The turnover is generated from the letting of five guest rooms on a bed and breakfast only basis.

We feel there is scope to increase the turnover with a small marketing campaign to advertise the business and the services offered. We also feel the business would benefit from establishing a website to promote the business and accommodation, as there is currently none in place. All the letting rooms are well presented, well equipped and maintained to a very high standard. The business benefits from separate 3 bedroom owners` accommodation to the rear of the property. Our client has invested approximately £40,000 on the property in the past four years.

The property boasts a spacious 12 cover breakfast/dining room and a fully fitted commercial kitchen, which we feel could be utilised to offer residents evening meals. This is an excellent opportunity for a new owner to take this business to the next level, therefore early viewing must come highly recommended to avoid disappointment.

We are advised Freehold.

Property information

Property:

Freehold

Living Accommodation:

Prominent terrace property, briefly comprising:
Ground floor with:
Entrance hall/reception area.

Breakfast room with 12 x covers, electric fire and TV.

Kitchen with central work station, 6 x burner range, double oven, microwave oven, 2 x bowl sink unit and a range of wall and base units.

Dry store/larder.

Owners` accommodation with:
Dining room.

Lounge area.

Family bathroom and corner bath with shower over.

2 x double bedrooms.

Master bedroom with French doors to patio area and en-suite shower room.

First floor with:
Room 1 – triple room with wash hand basin.

Room 2 – twin room with shower and wash hand basin (beds can be linked to create a double).

Room 3 - twin room with shower and wash hand basin (beds can be linked to create a double).

Room 4 – single room with fire exit.

Room 5 – twin room with shower and wash hand basin (beds can be linked to create a double).

Separate WC.

Bathroom with WC, bath, wash hand basin and shower cubicle.

Lower ground floor with:
Large cellar area, currently used for storage.

Location:

Robin Hood and Little John Guest House occupy substantial premises on Lincoln Street within Newark-On-Trent. The business benefits from being opposite a long stay public car park. Newark-on-Trent is a market town in Nottinghamshire in the East Midlands. The town stands on the River Trent, with the River Devon also running through the town. Newark town centre is less than one mile away and offers all the amenities needed for everyday living.

The area is well served by the public transport system, with several bus stops within easy walking distance of the property. The nearest railway station is just a two minute walk from the property, making the business the ideal base for commuters to the area. The area is also well served by the A-road system with the A1 being just a short drive from the property, which links to the vast A-road and motorway networks. Nottingham is approximately 25 miles away and Lincoln is 17½ miles away.

Business Operation

Trading hours:

The business is open all year round.

Employees:
The business is owner run and managed.

Contact Broker

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