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Established Bed And Breakfast In Kent For Sale

Sittingbourne, Kent, UK
Asking Price:
£145,000 Furniture / Fixtures included
Turnover:
£120,000
Net Profit:
Undisclosed

The Beaumont is a long-established 9-roomed bed and breakfast providing a quality, charismatic alternative serving the East Kent area that trades throughout the year, serving both business and social events.

Benefiting from a new 15-year lease that will be assigned to the new owners at the exchange of contracts. The owners private living accommodation comprises a large lounge and 2 generous double bedrooms. It's run by a husband-and-wife team who, after offering a one-week handover period, are looking to return to their expanding family.

The Beaumont is regarded as an excellent hub for exploring the many attractions found in and around Kent or as a stop-off for travellers going to or from Europe.

It has a good-sized car park and a large garden with an outside seating area that guests can enjoy.

The business has its own website as well as exposure to the usual online travel agents for this sector. Fixtures and fittings are included in the purchase price.

The owners have invested considerably in the business and are seeing the returns as bookings continue to increase more and more over the last year.

Property Information

Property:

Leasehold

Lease Terms:

A 15 year lease will be available by assignment on completion of sale.

Leasehold Rent:

£27,700 per annum

Living Accommodation:

Tenants private accommodation consists of:- 2 generous double bedrooms upstairs with private facilities, and downstairs a large private lounge.

Location:

Located just a short walk from the town centre on the A2 in Sittingbourne

Premises Details:

A 9 letting roomed 17th century building with generous private accommodation. It offers both single and double rooms all with private facilities, with some of the single rooms having separate toilets. Also within the premises is a guest lounge, laundry room (cellar) and a fully equipped kitchen.

Planning Consent:

The Beaumont does have all the necessary permissions and approvals to fully comply with requirements which includes a hygiene rating of 5 (out of 5).

Business Operation

Expansion Potential:

The Beaumont could increase turnover by introducing evening meals as it has a functioning breakfast room that could be utilised as an evening restaurant.

Competition / Market:

Due to the age and quirkiness of the building the Beaumont offers an olde world experience that guests find an appealing alternative to other accommodation providers in the area.

Reasons for selling:

The owners wish to return to their family having be away for some time.

Trading hours:

Currently set up to run as follows:
6.30am - 10.00 am, 3.00pm.- 9.00pm Mon-Fri.
8.00am - 10.00am., 3.00pm.- 9.00pm. Sat-Sun.

Employees:
None
Years established:
40+

Other Information

Support & training:

The owners of the business are offering a handover period on successful completion of sale.

Inventory / Stock value:
£500
Home based:
This business can be run from home.