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Freehold Five Bedroom Guest House In Weymouth For Sale

Weymouth, Dorset, UK
Asking Price:
£315,000
Turnover:
Under £50K
Net Profit:
Under £50K

Neat, Easily Managed, Freehold 5 Bedroom Guest House

5 En suite Letting Bedrooms; 2 Bedroom Owners Accommodation;
Seasonally Run; Pretty Courtyard Garden

A mid terrace traditionally built property from around 1900 with gas fired central heating and predominantly double glazed throughout. The guest house appears to have been kept well and is located in a quiet road just off the Esplanade and the owners inform the agents that the boiler was renewed 5 years ago. Lennox Street is mostly residential with about eight guest houses and two shops: a convenience store and a butchers. The beach is a few minutes walk away and a fifteen minute stroll down the Esplanade brings you to the ‘bus and railway stations and the town centre.
A very well established Bed and Breakfast Guest House which has been in the present hands for 24 years and is now available due to retirement. The business is comfortably run by a husband and wife team and could be run by a single proprietor with a small amount of assistance at busier times.
The guest house is open seasonally only, from choice, from around Easter to October. Because Weymouth is a large town ( approx. 60,000 population) and with the South Coast Path, World Heritage Jurassic Coast, Sailing and Sea Angling and being within 3 hours from London by train, there is demand for bed and breakfast throughout the year.
The current style of trading produces a turnover of approximately £44,000 p.a. but new owners may wish to build a website specific to this business and market the business more widely and extend the opening period which should bring an increase of £10,000 - £15,000 p.a. quite rapidly. The most recent year will show figures slightly lower as one of the proprietors had an operation which forced the business to close for a period in the season of 2019.

The business is highly regarded on TripAdvisor with 100% rating the guest house Excellent or Very Good.
Tenure: Freehold
Price: £315,000
EPC: B

Property Information

Property:

Freehold

Contact Lawrence Wright

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