FOR SALE
11/07/22
975
12471 / Rightbiz
Adams & Co are very excited to bring to market this very well regarded Guest House, in Folkestone, Kent.
The existing owners have done an excellent job in bringing this Edwardian property to standard and feel now is the right time for new owners to take the business forward.
Accounts are available upon request, where there is consistent modest profit to be seen
Rooms range between £50 and £160 per night (dependant on the season), which could be reviewed by new owners to increase margins further.
The existing owners have a busy diary, with the new owners benefitting from the goodwill obtained over recent years.
All IP will be included in the purchase.
Given the location, the size of the property and the scope for potential growth / development, we are expecting a lot of interest.
We would recommend a viewing to fully appreciate the opportunity.
The current owners are looking for a change in career and are not part of any forward chain.
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.
Do not share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.
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.
Send a test amount before you consider handing over a large amount of funds. Maybe even try transferring £1, and then speaking to your solicitor to confirm receipt.
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.
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.
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.'.
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.
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