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Guest House In Plymouth For Sale

Plymouth, Devon
Asking Price:
£459,950 Furniture / Fixtures included
Sales Revenue:
£75,000
Cash Flow:
Available on request

Veritas Business Sales are delighted to offer for sale this respected 10 Bedroom Guest House which is located in the desirable of Town of Plymouth. The business has been established for over 50 years and has been in the careful hands of my client for the last 13 ½ years. Reluctantly the business is being offered for sale so they can enjoy a well deserved retirement. Since ownership they have continually refurbished and invested in new fixtures & 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. Ashgrove House is owner operated and employs the help of 1 part time chamber maid and has an annual turnover of £75,000. Room tariffs range from single room £45, double room £70, twin room £75, family room £85 for 3 people & £90 for 4 people. All prices are per room per night on B & B basis and include en-suit facilities, central heating, colour TVs and complimentary tea & coffee making facilities. Our client runs the business at a gentle pace to suit herself and chooses to trade below the VAT threshold. We believe that there is huge potential to increase trade should you wish. The business enjoys a strong reputation within the local community and beyond and as such has a high level of regular and repeat trade. This is a superb opportunity to purchase an established lifestyle business which is a great base to build upon and as such early viewing is highly recommended as this business is not to be missed.

Property information

Property:

Freehold

Living Accommodation:

Basement Owners accommodation
Lounge
Hallway
Master bedroom with fitted wardrobes and corner bath en-suite
Kitchen with 4 burner gas hob/oven (Hotpoint), and back door to court yard

Location:

The Ashgrove House B&B is located within a prime trading position close to the famous Plymouth Hoe promenade which lies in the heart of the City of Plymouth on the beautiful South Devon coast line. Plymouth is a port city known for its maritime heritage and historic Barbican district with narrow, cobbled streets. 
Plymouth is the largest City in Devon and enjoys all year round trade with easy access via the A38/M5 and mainline railway station .

Premises Details:

Ground Floor
Entrance porch
Reception hallway with guest book
Guest lounge
Breakfast room with seating for (18)
W/C with hand wash basin
Laundry room with washing machine x 2 (Beko) & (Hoover)
Kitchen with double sink drainer, 8 burner gas hob/oven (Belling), extraction unit, wall 7 base units, microwave (Kenwood), fridge (Gram) and dishwasher (Beko)
Office with desk, fridge (Future), Dryer 7KG (Beko) and Dryer 8KG (Candy)

Basement Owners accommodation
Lounge
Hallway
Master bedroom with fitted wardrobes and corner bath en-suite
Kitchen with 4 burner gas hob/oven (Hotpoint), and back door to court yard
First floor
Room 1 Double with shower en-suite
Room 2 Family room with shower en-suite
Room 3 Double room with shower en-suite
Room 4 Twin with shower en-suite
Hot water tank cupboard
Linen stores

Second floor
Room 5 Family room with shower en-suite
Room 6 Single room with shower en-suite
Room 7 Family room with shower en-suite

Third floor
Room 8 Family room with shower en-suite
Room 9 Family room with shower en-suite
Room 10 Double with shower en-suite

External
Rear courtyard garden with stairs leading down to basement courtyard
Boiler room

Energy Performance Rating:
D

Business Operation

Reasons for selling:

Retirement

Employees:
1 part time
Years established:
50 years

Other Information

Inventory / Stock value:
£300

Contact Information

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  1. What will happen?

    We will pass a copy of your enquiry information, along with the name of the business you enquired on to finance specialists Rangewell. They will contact you in due course about financing your business purchase.

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