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Great Guest House For Sale In Plymouth

Plymouth, Devon

Asking Price £425,000
Turnover £63,000

Business overview

We are selling due to wanting to take early retirement and also health reasons. There is a large customer base of both business and tourist clientele and many repeat customers.
The business has achieved a healthy turnover all through the recession years and could easily have reached VAT level and beyond, but we decided not to employ any staff and to keep it at a manageable level for us. With more energetic owners, some additional marketing and using online booking extra sales could easily be achieved.
Also the property when purchased was tired and dated, so a lot of the profit has been reinvested to bring the business up to a very good standard.
Plymouth is a lively City so there is often a lack of accommodation on offer during busy times and when events are taking place.

The sale presents an excellent opportunity to acquire one of Plymouths leading Guest Houses in a prime location.
Viewing is essential to appreciate the size, scope and condition of the property and business.

Business details

  • Property type
  • Net profit
  • Accommodation
  • Staff
  • Property value
  • Estimated EPC rating
  • Reason for sale

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Business description

The house is a pretty Victorian terrace in quiet cul-de-sac. There is a small front garden area with a bench where guests can sit.

The owner’s quarters are a completely self-contained basement apartment with its own access at the rear of the property, consisting of a hallway, a good sized lounge, office, kitchenette, one bedroom and a lovely large bathroom. There is a small rear garden with decked area and seating. Also two brick built out buildings, one is a storeroom and the other a well equipped laundry.

The seven guest rooms are tastefully decorated, with new carpets, modern beds, good quality bed linen and mattresses.
They also have flat screen TV’s with CD/DVD players, equipped beverage trays, hairdryers and alarm clocks.
There are five en-suite double/twin rooms and two standard singles. The en-suites and communal shower room have modern white, good quality sanitary ware and are also well equipped with mirrors, shelves, waste bins, soap dispensers etc.

There is a guest dining room that seats 15 people, with solid wooden tables and comfortable upholstered chairs. The kitchen although compact has everything you need to operate the business and is very workable.

Business location

The business is located in Plymouth which on the Border of Devon and Cornwall with its beautiful countryside and coastline.
Plymouth is a coastal City with a good shopping centre, a lovely sea front and harbour.
The Guest House is in a prime position, situated just 200m from the historic Plymouth Barbican and directly faces Plymouth Hoe.
The Barbican is a pretty harbour with cobbled streets, quaint shops, plus many restaurants and outdoor cafes over looking the sea and the many boats and yachts that are moored there.
The Hoe is a grassed parkland area with statues, monuments, Smeaton's Tower, Tinside Lido and views over the stunning bay.
The location of the guest house provides an excellent footfall of tourists year round, it is centrally located for the University, Ferry Terminal, The National Marine Aquarium, and The Royal Citadel, the main shopping areas are only five minutes walk away. It is also within walking distance of the bus and train stations.
Entertainment such as museums, bars, restaurants, cinemas and theatres are also close by.
It is a lovely destination both to live and to run a business.

Sector specific information

  • Number of letting rooms
  • Occupancy rate
  • Number of weeks trading

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