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Four Star Silver Awarded Guest House For Sale

Scarborough, North Yorkshire
Asking Price:
£510,000
Turnover:
£80,000
Net Profit:
Available on request

This 11 bed, 4 star silver awarded detached guest house has been run by the same couple for 12 seasons, in which time it has built an excellent reputation with return visitors year on year. It is currently only open March to October/ beginning of November and is generating in excess of £80.000 and there is room for improvement if you wish to open longer than 8 months per year.Also there is an opportunity to open longer months, open the bar, restaurant all facilities are already at the premises if you wish to expand this already popular bed and breakfast

It has 11 bedrooms; 2 single - 1 x 4 bed family - 1 x 3 bed family - 1 twin and 7 double all rooms all of which are ensuite,they have been decorated and refurbished to a high standard with tvs and dvds or new smart tvs. The dining room is at the front of the house as is the guest lounge both are large airy and decorated to high standard with all the necessary furnishings.
It has over the past 6/7 years had new flat roofs at rear of property, new pathways, 9 new bathrooms, most double glazed windows, kitchen,new boiler etc.

Most beds, furniture, bedding, fixtures and fittings have been replaced and are a good standard, this guest house needs to be viewed to be truly appreciated

It is located in a prime location with the front of the house having views towards Peasholm park. it is only 5 minutes to the sea front, open air theatre and cricket ground , the town centre is approx 10-15 minutes walk, all amenities are close by, we are also the only guest house on this drive.

There is also a garage at the back of the house and a long drive giving access to the garage and back entrance with a small court yard.

This property is only now for sale as the owners wish to retire, the owners accommodation has 1 bedroom with ensuite, office, day room and owners lounge, this area is separate from the guest house accommodation and therefore allows privacy.

If interested, please contact the seller through the form on this page.

Property Information

Property:

Freehold

Living Accommodation:

(1 bed ground floor flat)The owners accommodation is at the back of the house and contains 1 bedroom, 1 lounge, 1 office, thorough through and shared kitchen with business, the guests have no access and is separated by a door to the owners area

Location:

This is a prime position standing out from the crowd with views towards Peasholm Park and no buildings in front of the property to obscure the views, the main entrance to Peasholm park is opposite the house and is a great attraction to many visitors.

We are 3 minutes from the open air theatre, 5 minutes to the cricket ground, 5 minutes away from the beach, 10/15 minutes to town centre and 10 minutes to the castle, we are situated in North Bay which a 20/25 minutes walk over the cliffs to south bay

Premises Details:

The premises is decorated and furnished (which is included in the price) to a high standard, it has had most double glazing completed, new flat roofs at the rear, new pathways at the front of the property, most bathrooms have been replaced or refurbished over the past few years and the whole house is maintained regularly.

This property is ready to move into and run as a quality bed and breakfast all fixtures and fittings are included in the price, new bedding, towels etc are purchased and replaced regularly

Planning Consent:

No planning consent required as a bed and breakfast, however this property had a bar licence a few years before we purchased. I feel sure this could be a possibility again in the future.

Business Operation

Expansion Potential:

This business is currently running 8 months a year as a bed and breakfast, (which has suited our life style) but to a potential buyer, looking for more this has plenty of room for expansion; opening for a longer season, bar, restaurant, tea rooms, tapas wine bar just to mention a few. We believe these could be great money spinners to expand the current business

Competition / Market:

We currently have no real competition, although there are some good guest houses near by, but non on our street or have had any major impact to our business, we have probably 50% repeat business and constantly receive great reviews

Reasons for selling:

Retirement

Trading hours:

Open from March 1st - October/November 24/7 during this period

Employees:
Casual labour/ season employees during season
Years established:
Built in 1936 has been running as leisure accommodation throughout this time (83 years)

Contact Information

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