Business for sale

Business description

Our client is ideally located in the heart of
Retford town centre in North
Nottinghamshire. The area is known for its
reputation of excellent educational facilities.
The A1 motorway is less than 3 miles away
allowing access to both north and south.
The business benefits from little local
competition within the area and is situated
close to the main shopping area, which
consists of a good blend of retail and leisure
facilities.
THE BUSINESS
Advent Business Sales are delighted to offer
for sale this well established guest house.
Established over 15 years ago and in the
hands of the current vendor since 2000, it is
now reluctantly offered for sale due to the
vendors plans to retire. The business has
developed under current ownership, reaping
regular turnover.
The business comprises of excellent resident
facilities with 5 letting rooms and ground
floor owners’ accommodation.
The guest house offers room only facilities
with genuine scope to introduce breakfast or
meals.
Business is mainly generated through
tradesmen and workmen, who work at the
nearby power station.
The business is solely operated by the vendor
REF: 8937DN
TRADING HOURS
5 days – occasional weekends
EXPANSION POTENTIAL
There is excellent potential to increase
turnover by including breakfast and meals
and:
1. Convert ground floor to include
further rooms
2. The premises cold easily be converted
into a medical or dental practise to
accommodate local demand.
FINANCIAL INFORMATION
We have been advised by the vendor of the
following:
Annual sales: £25,000
Accounts will be made available to
interested parties after a viewing has taken
place.
Please let us know if you require finance for
the purchase of a business.
BUSINESS PREMISES
Spacious three storey mid terrace property in
a prominent town centre location and
consisting of the following:
Ground Floor
• Property accessed via the main road
• Single entrance door leading into
ground floor hallway
• Private lounge
• Private dining room
• Owners bedroom with shower
facilities
• Fitted kitchen
• Utility room
• W/c
• Stairs to first floor
First Floor
• 1 x single room
• 1 x twin room with shower
• 1 x triple room
• shared bathroom and w/c
• stairs to second floor
Second Floor
• Two further twin bedrooms
• Separate w.c and bathroom
TENURE: Freehold
We are advised that the annual business
rates are currently: TBC
VIEWING
Please DO NOT approach the business or its
employees without a prior appointment.
All appointments are to be made via our
office.