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Guest House

Plymouth, Devon

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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.

Property typefreehold
Net profitN/A
Accomodationyes
Property Value£390,000
Staff no
Years established79

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.

This business is located in:

Plymouth, Devon

For the exact location and postcode, please log in or register and request key info from this seller

Sector specific information
Number of letting rooms 7
Occupancy rate 70%
Number of weeks trading 46

Contact seller

Asking price - £425,000 turnover - £63,000
Guest House
Plymouth, Devon

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.

  • Description
  • Business Features
  • Location
  • Sector Specific Info