The Old Toll House
Turnover: circa £24k
Net Profit: circa £19k
The Old Toll Houe is a successful holiday letting cottage within the picturesque surroundings of Conwy in North Wales. The cottage has been owned and operated by the current vendors since 2020 and in this time has built up an extensive reputation and repeat custom base. This high-quality grade 2 listed property, built by Thomas Telford in 1820 is a short walk into the centre of Conwy. The property is almost fully booked for 2024 and into 2025.
The property is a 2-bedroom detached freehold property which is grade 2 listed and packed with character, with the added benefit of off-road parking and a private enclosed rear garden. The property has been thoughtfully and tastefully finished to a very high standard, whilst combining original features and modern comforts to create a slice of heaven in this picturesque location.
The property will come complete with all furnishings, fixtures and fittings offering a turnkey solution for an incoming operator.
THE OPPORTUNITY
Proven Success: The business was established 4 years ago and, in this time, has built up a loyal customer base. The business works exclusively with the online booking platform Airbnb.
Unbeatable Location: Conwy is located at the very top of North Wales on the coastal region, with breathtaking scenery overlooking the Irish sea.
Excellent Growth Potential: The holiday cottage is in one of the biggest, growing tourist destinations in the north of the UK with over 9.4 million visitors visiting the town each year and boosting the economy by over £1.097 billion pounds, which has almost doubled since 2011. The vendor can offer an incoming operator 1-2-1 insight as to how the business operates.
Strong Online Presence: An extremely well-designed interior of the cottage, boosting online views and bookings on portals. The vendors use Airbnb as their main source of booking income with a rating of 4.85 out of 5 by guests who have stayed in the accommodation.
Reliable Suppliers: The vendor manages the property themselves, however if an incoming operator wished to outsource the changeovers, then there is a range of local holiday home management services available with excellent records.
MARKETING
The business has no need to use any portals outside of Airbnb due to the high occupancy rate of 80%. There is scope to increase reach by using alternative portals such as Sykes Cottages, Hoseasons etc… The vendor works exclusively with Airbnb at present due to the time effectiveness of the portal, giving the owners full control and oversight of the property.
There is also opportunity to implement a dedicated website to allow for direct bookings, which is particularly appealing to for repeat customers and allows for additional brand building opportunities. The same applies to social media pages, which can provide organic bookings.
MANAGEMENT AND EMPLOYEES
The business is managed by the vendors without tie from employees or contracts with external suppliers.
GROWTH OPPORTUNITIES
The Old Toll House has endless growth potential for an existing operator to bolt on or someone looking to enter the market with an established holiday let and customer base with this well-established business:
· Expansion into additional holiday lets locally.
· Enhanced digital marketing including paid search & social.
· Implementation of dedicated website.
· Increase web portal presence.
· Implementation of social media pages.
FINANCIAL INFORMATION
Detailed financial statements will be made available to interested parties.
FURTHER INFORMATION
Don't miss out on this incredible opportunity to own and grow this unique business with an exceptionally well fitted out property.
Further information is available by speaking with us and for more information please contact us.
