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Sea View From All Rooms Guest House For Sale

Weymouth, Dorset, UK
Asking Price:
£350,000
Turnover:
£85,000
Net Profit:
Undisclosed

A high quality and highly rated seafront guest house in Weymouth where every letting bedroom enjoys sea views, positioned just a stone’s throw from the beach.

This well presented bed and breakfast offers eight letting bedrooms, six of which are en suite, with all rooms benefiting from direct sea views. In addition, there is comfortable two bedroom owners accommodation, making the business ideal for an owner operator lifestyle purchase.

The property has been substantially refurbished in recent years with careful attention to quality and presentation. Guest parking is available, which is a valuable asset for a seafront business in Weymouth.

The guest house is operated by a two person partnership with part time staff support and is supported by a high quality website which generates a strong proportion of direct bookings. The excellent location, combined with sea views from every room, results in high occupancy levels and a strong base of repeat trade. The business is consistently rated within the top ten guest houses in Weymouth on TripAdvisor and also holds a 9.6 rating on Booking.com, together with a TripAdvisor Certificate of Excellence.

The business has also been successfully positioned as dog friendly, with selected rooms available for this use, which enhances income during the shoulder months. Environmental sustainability is a key feature of the operation, with incentives for guests travelling by public transport, reusable containers for milk and toiletries and a strong focus on reducing plastic use.

Turnover is reported to be approximately £85,000 per annum, with scope for further growth under new ownership.

Property Information

Property:

Leasehold

Lease Terms:

The premises are held on a valuable 60 year internal only repairing lease from 2001. Under the terms of the lease, the local authority is responsible for all structural repairs and exterior decoration. The current rent is £14,500 per annum.

Premises Details:

Well maintained seafront property with eight letting bedrooms, owners accommodation and guest parking, located only moments from Weymouth beach.

Business Operation

Expansion Potential:

Further growth may be achieved by increasing tariffs, extending the trading season and building on the established eco friendly and dog friendly offering.

Competition / Market:

The guest house competes well within the local market due to its unique selling point of sea views from all rooms, high quality presentation and strong online reputation.

Reasons for selling:

Sale due to health reasons.

Other Information

Support & training:

The owners are expected to provide a suitable handover to ensure a smooth transition for new owners.