Thriving 8-Bedroom Guest House with Large Owners' Accommodation in Sidmouth, Devon
Sidmouth, Devon
- Status
FOR SALE
- Date Submitted:
12/04/24
- Advert ID
609688
- Freehold: £749,950
- Turnover: On request
- Net Profit: On request
Key Features
- Potential for Alternative Use
- Established Business
- High Turnover
- Retirement Sale
- Close to Local Amenities
- Prime Location
- With Car Park
- Small Business
- Attractive Business
- Accounts Available
- Home Based
Business Details
Bed and Breakfast and owners’ accommodation Sidmouth, Devon
A thriving, easy to run 8 bedroom guest house with large owners’ accommodation. All relevant fixture and fittings are included in the price in order run the business on purchase.
Situated in a popular coastal resort, next to the picturesque Byes riverside walk and dedicated parkland, as well as being within 300 metres of Sidmouth town centre and 600m from the sea front. The town has high street and independent shops as well as theatre, cinema, museum, eateries etc.
The present owners have refurbished the property during their 15 successful years, creating accommodation of a high standard with an excellent level of repeat business, reviews and a superb reputation.
The accommodation is spread over three floors and measures approximately 3279 sq ft. The business offers eight en-suite letting rooms, guest lounge, office, first floor laundry, breakfast/dining room and large kitchen.
The current owners trade on a Bed and Breakfast only basis for eight months of the year at present, but know that the scope could easily be extended to include evening meals and a longer trading period etc.
The external space offers parking for up to six vehicles, and a small patio and storage area for owners’ use.
Other particular features of this property include substantial owners’ accommodation, which includes 3 bedrooms, a good size living/dining room and bath/shower room. The property also benefits from gas fired heating, double glazing and good WiiFi reception and storage facilities. An inspection is essential in order to appreciate both the size and quality
The sale is due to retirement, price includes all necessities to run the business on purchase. Handover/training is offered if required. The owners run the business by themselves - laundering of linen is outsourced.
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Stay Safe
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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