Property Information
Address:
Kingston Upon Hull, East Riding Of Yorkshire
Price: Property no longer available.
Size: SOA
Primary Category: Businesses For Sale
All Categories:
Businesses For Sale,
Property Ref/Movehut: MH536234
Property Ref/Agent: 2519-former-guest-house-in-cottingham-near-hull-for-sale
*Please use the agent ref when calling the agent directly.
Property description
Hilton Smythe is delighted to welcome to the market this former guest house in an ideal location in Cottingham, East Riding of Yorkshire.
The property was established as a guest house by our clients in 2001 and is only now being offered to the market due to our client's desire for a well-deserved retirement.
The business operated all year round on a bed and breakfast only basis, generating a turnover in the region of 35,000 per annum, with a good gross profit.
There was a balanced mix of clientele from business, University visitors, Hospital relatives and tourism.
Our clients offered 5 letting rooms, 3 of which are en -suite, plus a garage converted into a letting annex, as well as owner's accommodation with a lounge, kitchen, bathroom, double bedroom and dressing room.
All the rooms have a colour TV and tea/coffee making facilities.
The business built up an enviable reputation within the area for the high quality of the rooms and service offered, which resulted in a loyal client base, with a good volume of repeat trade and word of mouth recommendations.
The former guest house has excellent reviews on the popular website Trip Advisor.
We are advised that the property had permission to operate as a tearoom, should a new owner desire.
We feel the property could continue trading as a guest house and could increase the former turnover by embarking on a modest marketing campaign to promote the business.
There is also scope to offer evening meals if so desired.
A new owner could also establish a website to advertise the business and accommodation offered, which could incorporate online booking facilities.
This is an excellent opportunity, perhaps for a husband and wife team, to take this popular former guest house to the next level; therefore, early viewing must come highly recommended to avoid disappointment.TENUREWe are advised Freehold.HOURSThe business operated all year round.STAFFThe business was owner run and managed.FINANCIAL PROFILEThe business generated a turnover in the region of 35,000 per annum, with a good gross profit.
;