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Get Started HereFreehold 7 Bedroom Guest House located in on the Hoe in Plymouth. Comes with 2 bedroom owners accommodation. 5 Star TripAdvisor rating.
Veritas Business Sales are delighted to offer for sale this well appointed 7 bedroom Guest House which is located on The Hoe in Plymouth, Devon. The property has been operating as a Guest House for the past 50 years and been in the careful hands of our client for the past 14 years and is now being offered for sale so that they can enjoy a well deserved retirement.
Poppy’s Guest House offers luxury accommodation and has seen continual investment in new equipment along with fixtures and fittings which are all bought and paid for and included within the sale price which is a huge plus for any new purchaser as additional funds will not need to be spent for some time. The business is owner operated and they currently only let 5 of the 7 bedrooms. For year ending April 5th 2020 they posted an annual turnover of £59,314 with a gross profit of £52,023 (88%). Room tariffs range from up to £95 in the peak season and up to £85 in the low season. All rooms benefit from gas fired central heating, complimentary tea & coffee making facilities, colour TV’s and wi-fi. Prices include a traditional English cooked breakfast where they only use the finest high quality locally sourced produce.
We believe that the business has the potential to increase revenue by opening all 7 bedrooms for guests should you wish. The business already enjoys a strong reputation within the local community and beyond and as such has a high level of regular and repeat trade from visiting tourists. This is a superb opportunity to purchase an established business which is a great base to build upon and as such early viewing is highly recommended as this is not to be missed.