Profitable Guest House in South Glamorgan with High Standard Decor For Sale
Undisclosed
- Status
FOR SALE
- Date Submitted:
20/05/21
- Advert ID
276944
- Reference
48409 / Rightbiz
- Call Agent:
- Freehold: £799,000
- Turnover: £73,318 (£1,410 Per week)
- Net Profit: Not Applicable
Business Details
Guest House South Glamorgan
Under its current ownership for 26 years.Annual income of £73,318 with a net profit of £29,272.
Very well-presented throughout with a high standard of decor.
Freehold with owner’s accommodation.
Mayfair Guest House has 11 guest rooms of which 8 are en-suite and offers room only accommodation in modern, clean and comfortable single, double/twin, and family rooms at competitive rates. The turnover is maintained below the VAT threshold at £73,318 and shows a net profit of £29,272
There is potential to convert one of the old dining room on the ground floor back into a dining area, adding breakfasts to the services provided and increasing prices to suit.
The guest house is an attractive three-storey semi-detached building with a Welsh stone facia, ground and first floor bay windows a large patioed front garden with a decorative palm tree and potted box hedging.
Ref: 48409
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Listing Statistics
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Do not pay any deposit to private sellers upfront. If you are looking to purchase a business, we advise that any deposits or transactions made are through a solicitor to prevent fraudulent activities from occuring.
Stay Safe
Don't share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.
Stay Safe
The vast majority of these scams involve the transfer of substantial sums of money. We advise all transactions made are through a solicitor to prevent fraudulent activities from occuring.
Stay Safe
Send a test amount before you consider handing over a large number of funds. Maybe even try transferring £1, and then speaking to your solicitor to confirm receipt.
Stay Safe
Do not disclose proof of funds directly to the sellers. If the sellers request you to show proof of funds, we advise that it is done through a solicitor to prevent fraudulent activities from occuring.
Stay Safe
Buying a business is not covered by consumer rights legislation. It is your responsibility to acquire a business that holds up in quality and agreement.
Stay Safe
Fraudsters will typically use false news in an attempt to get you to act quickly. For example, 'Your account has been disabled. Reset your password now.'.
Stay Safe
Review the performance of a business to make appropriate financial projections. Some businesses are dormant or not trading, so it is essential to check their short and long-term potential.
Stay Safe
Legitimate emails from Rightbiz will be with the domain @rightbiz.co.uk. However, emails from [email protected], [email protected] or [email protected] are not affiliated with Rightbiz.
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