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Isle Of Wight B&b Restaurant & Bar For Sale

Shanklin, Isle of Wight
Asking Price:
£975,000 Furniture / Fixtures included
Turnover:
£425,000
Net Profit:
£100K - £250K

Retirement sale of this beautiful 20 bedroom B & B with its own 60 seat Restaurant and Public Bar with Patios and Decks overlooking the seafront.

Whilst we have enjoyed 38 years of running this delightful business we acknowledge that since we are now in our late 60's we no longer have the energy to fulfil the potential that the position, historical customer base and brilliant location offers.

There is no doubt that we have been well rewarded for our time here and look forward to selling to somebody with the entrepreneurial spirit to open all year and take all aspects of the business, from the B & B, The Brasserie Restaurant and the seafront Bars with Patios and Decks, further forward.

More information available upon request, please contact seller below for further details.

Property information

Property:

Freehold

Living Accommodation:

Single Bedroom with Shower for a night manager or live -in member of staff. Plus the opportunity to purchase a two bedroom flat next door at a price to be negotiated.

Location:

Located on the seafront directly opposite the Beach and Sea.

Premises Details:

A 20 Bedroom B & B with its own 60 seat Restaurant plus a Seafront Bar that opens daily for guests, visitors and the local residents.

Energy Performance Rating:
C  View EPC Graph for this property

Business Operation

Expansion Potential:

Offered in superb condition, well serviced and continually upgraded.

Reasons for selling:

Retirement

Trading hours:

Easter through to end October annually ( owners choice ). Easily changed to all year round to include lucrative Christmas functions, weddings and Private Parties combining The large Bar with its Dance Floor and The Brasserie Restaurant.

Employees:
10 - 25 over the holiday season
Years established:
Same ownership for the last 38 years

Other Information

Furniture / Fixtures value:
£214,000 - included in the asking price
Website:
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